07012016Fri
Last update: Fri, 01 Jul 2016 11pm

Australia

Markets - FXMM - Australia

Australia, NZ dollar subdued on weak commodities, Brexit worries SYDNEY/WELLINGTON: The Australian and New Zealand dollars sagged on Wednesday, weighed by falling commodity prices and the possibility of Britain pulling out of the European Union.The Australian dollar fell to $0.7339, from $0.7358 earlier. Support was found at $0.7325, then more solidly around $0.7280-95. It touched a one-month peak of $0.7505 last week.Undermining the Aussie was commodity weakness with prices of iron ore, Australia's top export earner, edging lower for two consecutive sessions.Also weighing was market jitters about the potential exit of Britain from the European Union with the safe-haven yen the clear outperformer. The Aussie stood at 78.05 yen, having struck a four-year low of 77.47 on Tuesday. It has shed 8 yen since late April.Traders say the Aussie is likely to fall further due to its status of a liquid proxy to hedge against weakness, or wager on strength, in Asia."Emerging market weakness is starting to put downward ...

Markets - FXMM - Australia

Australia, NZ dollars resilient to jitters over Brexit SYDNEY/WELLINGTON: The Australian and New Zealand dollars held their ground on Tuesday as their relatively high yielding interest rates largely offset a bout of risk aversion ahead of the UK referendum.The Australian dollar edged up to 74 U.S. cents, from $0.7388 early. It remained within reach of a peak of $0.7505 touched last week when the Reserve Bank of Australia (RBA) appeared less dovish than some had expected.The central bank kept rates at a record ...

Markets - FXMM - Australia

Australia, NZ dollar steady but markets jittery over Brexit, Fed WELLINGTON: The Australian and New Zealand dollars held steady on Monday as investors avoided taking major positions amid Brexit fears and ahead of key central bank meetings this week.The U.S. dollar was under pressure after risk-averse investors piled into the safe-haven yen as growing concerns about the June 23 referendum on Britain's membership in the European Union, and a mass shooting in the Orlando, Florida on Sunday dimmed the mood."The Brexit vote is going down ...

Markets - FXMM - Australia

NZ dollar surges after RBNZ disappoints bears and doves SYDNEY: The New Zealand dollar soared to its highest in a year on Thursday after the Reserve Bank of New Zealand (RBNZ) kept interest rates steady, forcing those investors who had seen chances for a rate cut to cover their positions.Some economists reckoned the central bank was near the end of its easing cycle, and the Kiwi surged more than a full cent and as far as $0.7139, a high not seen since June 2015. ...

Markets - FXMM - Australia

Australia, NZ dollars near 1-month highs, RBNZ in focus SYDNEY/WELLINGTON: The Australian and New Zealand dollars held near one-month peaks on Wednesday, buoyed by monetary policy expectations and higher commodity prices such as iron ore.The Australian dollar edged down to $0.7448, within reach of a peak of $0.7465 on Tuesday. It soared 1.2 percent in the last session after the Reserve Bank of Australia (RBA) wrong-footed Aussie bears with the omission of a clear easing bias in its monthly policy review statement.The central bank ...

Markets - FXMM - Australia

Australian dollar jumps 1pc after shift in tone from RBA LONDON: The Australian dollar gained 1 percent against its U.S. counterpart on Tuesday after the Reserve Bank of Australia kept interest rates on hold and appeared to raise the bar on further monetary easing.The Aussie shot up to $0.7443, its highest since May 6, and climbed nearly 1 percent against the yen, euro and the New Zealand dollar. The RBA kept the cash rate at a record low 1.75 percent at its monthly review, after ...

Markets - FXMM - Australia

Australia dollar powers up after RBA squeezes doves SYDNEY/WELLINGTON: The Australian dollar climbed to a one-month high on Tuesday after the Reserve Bank of Australia's (RBA) kept monetary policy unchanged and investors modestly scaled back expectations of a near-term cut in rates.The Australian dollar shot up half a U.S. cent to a peak of $0.7426, before steadying at around $0.7421, up 0.7 percent on the day. A break of key resistance around $0.7430 would bring $0.7480 in focus.The Aussie rose nearly 1 percent ...