05292016Sun
Last update: Sun, 29 May 2016 04pm

Australia

Markets - FXMM - Australia

Australia, NZ dollars near 10 month peaks on China, commodities SYDNEY/WELLINGTON: The Australian and New Zealand dollars flirted with 10-month peaks on Wednesday, after upbeat Chinese export data and a rally in commodity prices underpinned appetite for risk assets. The Australian dollar stood at $0.7710, having powered up 1.1 percent on Tuesday and nearing the 2016 peak of $0.7723 set a few weeks ago. "The Aussie dollar has been on fire overnight with traders taking cues from firming global equities and commodities prices," said Stephen Innes, senior trader at FX and CFD firm OANDA Australia and Asia Pacific. It inched up further after March Chinese exports leapt 11.5 percent year-on-year, easing concerns about the strength of the economy. The Aussie had already been buoyed by a near 5 percent rise in price of iron ore, Australia's top export earner, the second straight session of hefty gains. The bullish mode was enhanced by the yen retreating after recent sharp gains. The ...

Markets - FXMM - Australia

Yen rally tempered, oil price jump inspires commodity currencies SYDNEY/TOKYO: The safe-haven Japanese yen slid from recent peaks against the greenback on Wednesday as solid gains in oil prices helped underpin risk appetite.With hopes of a production cap agreed by top producers Russia and Saudi Arabia back in play, global oil prices climbed to four-month highs overnight. "The dollar gained along with the Australian dollar as risk appetite improved in the broader financial markets. What was eye-catching was that the dollar rose without support ...

Markets - FXMM - Australia

Colourful 'vomit-like' Australian $5 note unveiled SYDNEY: It may be the smallest-denominated Australian dollar banknote, but a new design for the Aus$5 bill attracted an outsized amount of criticism when it was unveiled Tuesday, with detractors calling it "hideous" and "like vomit".The note, which will replace its more bland predecessor from September 1, features a yellow Prickly Moses wattle flower and a colourful Eastern Spinebill native bird."Each banknote in the new series will depict a different species of Australian wattle and ...

Markets - FXMM - Australia

Australia dollar on the defensive as RBA looms, NZD also eases SYDNEY/WELLINGTON: The Australian dollar eased on Monday, succumbing to profit taking after a mixed bag of domestic economic data disappointed some investors.Muted retail sales, subdued inflation and a survey suggesting labour demand may have peaked all combined to dampen the Aussie, which shed 0.4 percent to $0.7642."Overall, these figures are consistent with our view that GDP growth slowed in the first quarter of this year," said Kate Hickie, assistant economist at Capital Economics."This is unlikely ...

Markets - FXMM - Australia

Australia, NZ dollars near 9-mth peaks on carry trade demand SYDNEY/WELLINGTON: The Australian and New Zealand dollars hovered close to nine-month peaks on Friday following solid manufacturing data from China with investors awaiting the latest reading on US jobs. The Australian dollar held at $0.7661, not far from a summit of $0.7723 set on Thursday.It gained a stunning 7.2 percent in March, the largest monthly increase since 2011, largely due to a dovish US Federal Reserve. That, combined with ultra-loose policies in Japan and Europe ...

Markets - FXMM - Australia

NZ dollar hits 5-month high, Aussie rallies as Yellen signals slower rate increases SYDNEY/WELLINGTON: The New Zealand dollar scaled a five-month peak on Wednesday, while its Australian peer hovered near recent highs after Federal Reserve chief Janet Yellen's cautious stance on future rate increases reinforced the attraction of bond yields in the Antipodes.The New Zealand dollar soared as far as $0.6884, having gained 2 percent on Tuesday when short positions were squeezed.It was last at $0.6852, building on momentum from a three- cent bounce since mid-month and on ...

Markets - FXMM - Australia

Australia, NZ dollars weighed by weak commodities, yen shines SYDNEY/WELLINGTON: The Australian and New Zealand dollars were nursing losses on Wednesday after renewed weakness in iron ore and dairy prices weighed on risk appetite, sending investors to the safety of the yen. The New Zealand dollar was the hardest hit after international dairy prices fell 2.9 percent at a fortnightly auction, confounding expectations for a rise and disappointing kiwi bulls.It slipped to a two-week trough of $0.6577, having dropped 1.1 percent on Tuesday. Support ...