02072016Sun
Last update: Sun, 07 Feb 2016 05pm

Australia

Markets - FXMM - Australia

Australia, New Zealand dollars on the skids after Fed hikes SYDNEY/WELLINGTON: The Australian and New Zealand dollars fell on Thursday, as US dollar bulls cheered the Federal Reserve's decision to finally raise interest rates for the first time in nearly a decade.The Australian dollar dropped 0.7 percent on the day to $0.7177, pulling closer to a recent trough of $0.7160 touched twice last week. A break below would test $0.7080."Rising US interest rates will help maintain downward pressure on the value of the A$ through 2016," said Shane Oliver, chief economist at AMP Capital, seeing the Aussie around 60 US cents in the next 12 months.The Aussie has already shed 12 percent this year.Undermining the Aussie was the Fed's rate forecasts, which came in a little higher than many expected, with around 100 basis points of hikes pencilled in for next year.Across the Ditch, the New Zealand dollar skidded nearly 1 percent on the day to $0.6734, after rising to ...

Markets - FXMM - Australia

New Zealand dollar down vs US dollar after Fed hikes rates WELLINGTON: The New Zealand dollar was quoted at $0.6754 after the US Federal Reserve raised interest rates, down from $0.6785 before the decision was announced. The kiwi briefly fell as low as $0.6732 after the rate decision but then made up some ground. The Federal Reserve hiked interest rates for the first time in nearly a decade on Wednesday. Copyright Reuters, 2015 ...

Markets - FXMM - Australia

Australia cenbank's Stevens says A$ could fall further SYDNEY: The Australian dollar could fall further in sympathy with lower commodity prices, the head of the Reserve Bank of Australia Glenn Stevens said in a newspaper interview published on Wednesday. Speaking to the Financial Review, Stevens said: "The exchange rate has been adjusting - doing its job - and I note commodity prices are still falling, so it is possible that further adjustment will occur. I think that is possible." The Australian dollar last ...

Markets - FXMM - Australia

Australia, NZ dollars surge on stunning jobs and RBNZ cut SYDNEY: The Australian and New Zealand dollars surged on Thursday after markets were wrong footed by another stunning jobs report in Australia, while the Reserve Bank of New Zealand surprised some by almost shutting the door on further easing.The Australian dollar soared 1.3 percent to $0.7325, pulling closer to a four-month peak of $0.7386 touched last week.It powered up 1.5 percent on the yen, while the euro and pound skidded two full cents and pence ...

Markets - FXMM - Australia

Euro, yen lead gains as USD suffers positioning setback SYDNEY: The euro held on to solid gains early on Thursday and stayed above the $1.10 big figure after comments from a central banker suggested markets had been expecting too much stimulus from the European Central Bank.The common currency last stood at $1.1021, having scaled a one-month peak of $1.1044. The move extended last week's 2.8 percent short-covering rally after the ECB fell well short of delivering the aggressive easing that markets expected.Responding to accusations ...

Markets - FXMM - Australia

Australia, NZ dollar nurse heavy losses on oil, NZ rate outlook SYDNEY/WELLINGTON: The Australian and New Zealand dollars were nursing heavy losses on Tuesday after a tumble in oil prices hit commodity currencies from Canada to South Africa.The Australian dollar fell to $0.7267, having shed nearly 1 percent overnight. It has skidded more than a full cent since reaching a four-month peak of $0.7386 on Friday. Support was found at $0.7245 and $0.7212.Much of the damage came after crude oil futures plumbed their lowest in nearly ...

Markets - FXMM - Australia

Dollar benefits as commodity currencies slide on oil spill SYDNEY: The US dollar was broadly firmer early on Tuesday and at decade-highs against its Canadian peer, which along with the Norwegian crown slid sharply on the back of a tumble in oil prices.The greenback jumped to C$1.3524, reaching a high not seen since mid-2004. It was last at C$1.3506. Against the crown, it rallied more than 1.5 percent to 8.6786. The euro also hit a one-month high of 9.4103 crowns.OPEC's inability to agree on ...