The dollar index traded slightly lower in late-afternoon Friday as the euro extended its gains.» Read More
The rally in the Aussie dollar following a surprisingly strong jobs report increases the likelihood of a rate cut next month, says Mitul Kotecha, head of FX Strategy, Asia Pacific at Barclays.
A sustainable growth outlook in New Zealand and a drop in confidence in Australia are igniting talks of parity for the countries' currencies, says Bill English, deputy prime minister & minister of finance of New Zealand.
Joe Hockey, Treasurer of Australia, says a weaker Aussie dollar is helping exporters and even with unemployment at 6.3 percent, the country is seeing strong job advertisements.
The dollar traded lower across the board after an earlier rebound versus the euro amid the ECB's reiteration of its dovish stance on monetary policy.
One closely-watched financial analyst has launched a scathing attack on the country's finances and predicted another crisis for its currency.
TOKYO/ SYDNEY, April 15- The dollar took back some ground lost after a surprisingly weak U.S. retail sales report, while the Australian dollar edged lower on Wednesday after downbeat Chinese economic data. Retail sales, industrial output and fixed asset investment growth rates all missed analyst expectations, with fixed-asset investment- a key economic demand...
Australian property prices are looking bubbly, but the surge may soon hit a wall due to few births, high mortality and sparse migration, Goldman said.
Dominic Schnider , head, Commodity & APAC Forex at UBS Wealth Management, explains why weakness in the Chinese economy hurts currencies like the Australian dollar.
The dollar tumbled after five straight days of gains, as investors took advantage of weaker-than-expected retail sales to lighten hefty positions.
The dollar rose against the euro in a continuation of last week's bets that the Fed will hike interest rates in the coming months.
*Shares shrug off surprise fall in China exports. *China trade data shock hits Australian dollar. NEW YORK, April 13- Crude prices on Monday added to last week's gains on bets on a slowdown in U.S. oil production, while stocks on major markets drifted higher despite a surprisingly large fall in Chinese exports that heightened concern over demand for commodities.
*Australian dollar hit by shock fall in China exports. Federal Reserve will hike interest rates in the coming months, while the yen edged higher on uncertainty surrounding the Bank of Japan's easing policies. The dollar's strength against the euro was a "spillover" from last week's commentary from the Fed, said Alan Ruskin, global head of currency strategy at...
*Australian dollar hit by shock fall in China exports. LONDON, April 13- The euro tumbled back towards $1.05 on Monday, hitting its weakest in four weeks as the dollar's resurgence continued on bets the U.S. The single currency fell as much as 0.8 percent against the dollar to trade at $1.05205, close to a 12- year trough of $1.0457 hit in March, with traders citing both...
*China trade data shock hits Australian dollar. *Asia shares shrug off surprise fall in China exports. LONDON, April 13- A shock fall in Chinese exports hammered the Australian and New Zealand dollars on Monday, and hit European mining companies exposed to the world's second-largest economy.
*Asia shares shrug off surprise fall in China exports. The Australian dollar fell nearly 1.5 percent after the data from China, which is the main market for Australia's exports of natural resources. Adding to the gloom for the Aussie, the World Bank also cut its 2015 growth forecasts for developing East Asia and China.
*Australian, Kiwi dollars hit by shock fall in China exports. The Australian dollar, considered a liquid proxy of China plays because of the two countries' trade links, slid as much as 1.5 percent to $0.7570, bringing the Aussie back within sight of a six-year low of $0.7534 set earlier in the month. The World Bank also cut its 2015 growth forecasts for developing East...
*Australian dollar hit by shock fall in China exports. SINGAPORE/ TOKYO, April 13- The Australian dollar tumbled on Monday after a shock contraction in China's exports added to worries about slowing growth in the world's second-largest economy, while sterling extended its losses to fresh five-year lows. The poor China trade numbers knocked the Australian...
Roy Teo, senior FX & precious metals strategist at ABN AMRO, says the Australian dollar is headed for $0.72 against the greenback, with two more interest rate cuts lined up for the year.
The euro slumped for a fifth straight session against the dollar on Friday to a 3-1/2 week low as falling European interest rates.
Shell's takeover bid for BG may be a harbinger of more deals for Australia's resources sector, which has taken a body blow from low commodity prices.