Gold edged higher but continued to struggle due to weak physical demand and fears the Fed may signal an early interest rate increase.» Read More
Australia is set to lose 50,000 to 75,000 jobs over the next few years as slowing mining investment hinders growth, Australia New Zealand Banking warned.
So far this year, bond yields have thwarted forecasts they would rise, but many analysts are sticking with their calls for a march higher.
Asian stocks were mixed on Friday on fears that issues at Portugal's biggest bank could hurt European periphery markets.
The Aussie – which appeared to be on course for a return to parity with the U.S. dollar just days ago – is set to end the year below $0.90.
Milk prices may unravel the popular carry trade of using currencies such as the yen or U.S. dollar to buy higher-yielding New Zealand dollar assets.
Gold settled higher on Friday, posting its fourth straight weekly gain, as weak US data on consumer spending hurt the dollar.
Singapore, an Asian hub for banking and finance, is ramping up its bid to become a center for gold trading that may one day rival London.
Expectations interest rates will be lower for longer have spurred "carry trades" funded by low-yielding currencies, but some warn it's not a safe bet.
As Australia grapples with a mining sector downturn, economists warn that a new headwind may hit business sentiment: waning consumer confidence.
Gold steadied near a two-month high as escalating violence in Iraq and geopolitical tensions supported the metal's safe-haven appeal.
The euro has tumbled in the wake of monetary easing earlier this month and analysts say a sentiment shift spells further currency weakness.
The yuan, which saw its biggest weekly jump in 2½ years last week, is set to continue on its appreciation path, say strategists.
The Chinese yuan rose to its strongest in almost four weeks – a sign its depreciation trend may be a thing of the past, analysts say.
Rather than China's latest reserve requirement cut for certain banks satisfying market calls for easing, it has instead spurred calls for more.
The euro continued to rise despite the ECB's all-out assault on the specter of deflation, and some analysts believe it won't weaken anytime soon.
Asian equities were mixed on Wednesday as investors looked ahead to key risk events this week.
U.S. Treasury yields' sharp fall this year has surprised many, and some traders are now looking for the exits amid concern a correction may loom.
Gold prices settled near a 3-1/2 month low on Wednesday as the dollar rallied and stock markets held near recent peaks.
The ECB is expected to "shock and awe" with an easing package, but some analysts worry one potential move - a negative deposit rate - may backfire.
Australia's government has delivered the country's harshest budget in years, stoking a fierce debate as to whether pain is really necessary.