01192017Thu
Last update: Thu, 19 Jan 2017 05am

Australia

Markets - FXMM - Australia

Australia, NZ dollars hold solid gains on yen and euro SYDNEY: The Australian and New Zealand dollars probed multi-month peaks against the Japanese yen and the euro on Wednesday as a bounce in risk appetite saw investors amassing positions in high-yielding currencies.The Aussie rose to near 6-1/2 month highs against the yen and was not far from a 17-1/2 month peak against the euro.The demand on the crosses helped the Aussie stabilise on the U.S. dollar around $0.7560, following last week's retreat from $0.7760.The greenback is near 11-month highs against a basket of currencies following upbeat economic data that cemented expectations of a Federal Reserve rate hike in December."The market is mired in a tug of war between higher U.S. yields and spirited risk-on appetite," said Stephen Innes, senior currency trader at OANDA Australia and Asia Pacific.Also helping the Aussie is a recent rebound in commodity export prices, which has boosted Australia's terms of trade.The Aussie briefly dipped 0.2 percent ...

Markets - FXMM - Australia

NZD up 1.47pc in early Asia-Pacific trade WELLINGTON: The New Zealand dollar rallied 1.47 percent to be quoted at $0.7293 in early Asia-Pacific trading on Thursday. The Kiwi rose overnight from around $0.7181 the previous day, to a one-month high, as US dollar weakness and strong local economic data boosted the currency. "Despite the risk-off mood the NZD has been the best performer," said BNZ currency strategist Jason Wong in a research note, adding recovering global dairy prices and strong New Zealand ...

Markets - FXMM - Australia

Australia dollar loses another bout with 77 cent barrier, NZ$ steady SYDNEY/WELLINGTON: The Australian dollar ticked lower on Thursday as a two-day rally fizzled out in the face of stubborn chart resistance above 77 U.S. cents.The Australian dollar slipped 0.24 percent to $0.7630. It briefly touched a high of $0.7709 on Wednesday after steady inflation figures only reinforced expectations the Reserve Bank of Australia (RBA) would skip a chance to cut rates at its policy meeting next Tuesday.However, the Aussie was quick to fall back, marking ...

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 ...

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 ...