12082016Thu
Last update: Thu, 08 Dec 2016 05am

Australia

Markets - FXMM - Australia

Aussie shines after inflation data, dollar retreats from highs LONDON: The Australian dollar was an outperformer on Wednesday, bucking a broad risk averse environment in global markets, helped by a better-than-expected inflation reading that dented chances of an interest rate cut in the near term.Consumer prices rebounded by more than forecast last quarter in Australia, while the annual pace of core inflation edged up for the first time in over a year, leading investors to price out almost any chance of a cut in rates next week.The Reserve Bank of Australia holds its monthly policy meeting early next week and is expected to keep rates at a record low 1.5 percent.The Aussie jumped to $0.7709 from $0.7645 before the data. It was last up 0.7 percent on the day at $0.77 and rose to a three-month high against the lower-yielding yen . The safe-haven yen performs well during weakness in stock markets as is the case on Wednesday, but ...

Markets - FXMM - Australia

Australia dollar holds line before CPI test, Kiwi muted SYDNEY/WELLINGTON: The Australian dollar held steady on Tuesday ahead of inflation data that is expected to dim prospects for another cut in interest rates this year.The Australian dollar was holding at $0.7610, having found solid support around $0.7590 for three straight sessions.The Aussie is up 4.5 percent so far this year. It has been resilient in recent weeks against a resurgent U.S. dollar, helped by a rebound in the price of iron ore and coal ...

Markets - FXMM - Australia

Australian, NZ dollars lose ground on Fed rate bets SYDNEY/WELLINGTON: The Australian dollar was a touch weaker on Monday after hefty losses in the last two sessions on growing expectations of a year-end rate hike by U.S. Federal Reserve, while the New Zealand dollar was hamstrung by a local holiday.The Australian dollar was at $0.7598, after finishing last week 0.1 percent lower. The falls largely came from a poor employment report last week that showed a drop of 53,000 full-time jobs in September as ...

Markets - FXMM - Australia

Australia dollar snaps 6-day rally on jobs blow, NZ$ climbs SYDNEY/WELLINGTON: The Australian dollar came off a six-week high on Thursday after a surprisingly weak employment report showed a big slide in full-time jobs and added to the risk of a further cut in interest rates.The Australian dollar snapped a six-day winning streak to trade at $0.7689. It slipped 0.4 percent after earlier rising to $0.7735, its highest level since Sept.8.Firms shed a huge 53,000 full-time jobs in September even though the unemployment rate stayed ...

Markets - FXMM - Australia

Australia, NZ dollars climb as risk-on mood lingers SYDNEY/WELLINGTON: The Australian and New Zealand dollars jumped on Tuesday on rising appetite for the high-yielding currencies and as the greenback edged away from a seven-month peak after recent gains.The Australian dollar hit a two-week high of $0.7665, and was heading for a sixth straight day of gains.Early on Tuesday, the Aussie began rallying after Reserve Bank of Australia Governor Philip Lowe said he was comfortable with the current exchange rate.The Aussie is among the ...

Markets - FXMM - Australia

Australia dollar slips on weak China data, NZ$ at 2-1/2 month lows SYDNEY: The Australian dollar slipped on Thursday as data showing a sharp decline in Chinese exports fuelled a broader risk-off move and eclipsed a A$7.6 billion ($5.8 billion) government bond auction that attracted record offshore demand.The Australian dollar fell to a 3-1/2 week low of $0.7518 after the Chinese data. It rose 0.3 percent on Wednesday thanks to strong investor demand for the 2047 bond which received bids in excess of A$13 billion.But the mood ...

Markets - FXMM - Australia

Australian dollar rises on strong retail sales, NZ$ at 7-week lows SYDNEY/WELLINGTON: The Australian dollar edged ahead on Wednesday as investors cheered better-than-expected retail sales data after months of tepid growth, while Brexit concerns lifted the Aussie to its highest against the pound in more than three years.The Australian dollar rose 0.26 percent to $0.7636, but still clocked a 10th straight session trapped in a 76 to 77 U.S. cent band after again failing to break higher on Tuesday.Australian retail sales grew 0.4 percent in August, ...