RSS feedaustralian dollar
’The currency pair league table
$/€ races ahead of $/£, $/¥ and $/SFr, but $/AUD has made a strong run from behind…
Actually, the thing that jumps out from Table 4 of the most recent FX trading survey from London’s Foreign Exchange Joint Standing Committee is that none of the columns — April 2011 thru October 2011 — are ranked consecutively.
Crunching the carbon price for Aussie miners
After much wailing and gnashing of teeth name-calling and politicking Australia’s minority government on Sunday announced details of its carbon pricing scheme.
Planned for a mid-2012 start, the scheme would initially price CO2 emissions at $23 per tonne,
Shadow currencies lurking behind a new dollar smile
G3 currencies are just so … démodé.
Where once the US dollar, euro and yen indisputably dominated global currency trading, there are now alternatives. The S3 currencies. So says UBS strategist Syed Mansoor Mohi-uddin in a short note.
Assessing the dollar’s weakness
How weak is the dollar?
A timely question asked by Goldman Sachs on Tuesday morning, what with the euro reaching a 15-month high of $1.45 earlier today. Indeed, on the face of it, there is weakness everywhere.
Watching Japan’s return from Oz
The repatriation effect on the yen is being closely watched by analysts all over the world following the Tohoku temblor and subsequent Bank of Japan intervention.
As most have commented this is on account of the patterns that followed on from Japan’s Kobe earthquake in 1995,
Carry trade as canary in the coalmine
BNY Mellon’s Simon Derrick briefly mentioned the carry trade last week.
This Thursday, the currency strategist is back with more detail
Think of the trade (where investors buy low-yielding currencies to fund purchases of higher-yielding currencies/assets) as a canary in the (crisis) coalmine,
Currency war goes covert
Ding dong, the dollar’s dead — against its Asian and Antipodean counterparts, anyway.
That’s the USD reaching parity with the Australian dollar this Tuesday.
Indeed the US currency has even been weakening against its basketcase continental cousins — the Great British Krona and the euro — ahead of Wednesday’s probable QEasy announcement from the Fed.
Rates on the rise in Asia
It’s central bank action month, or at least, central bankers are grabbing the limelight – even as government leaders and policy makers from around the world prepare to discuss ‘currency wars’ and other issues at the G20 and Apec gatherings later this month.
The Hobbit Bounce
Kiwi action, after New Zealand reached a deal to keep the filming of ‘The Hobbit’ local:
Related link:
Aussie slumps on soft inflation; kiwi outperforms – International Business Times
Freight-ful dollar prospects
Thought a more obscure market like freight might escape the grip of correlations?
Not quite.
ICAP’s latest monthly shipping analytics report notes that the relationship between the dollar and the freight market,
Dollar meltdown
This is getting a bit much, isn’t it?
The dollar suddenly lurched down across the board on Thursday.
First, cable flying past $1.60 (all charts via Reuters):
While the euro settled down to life after $1.40:
Debacle Down Under: Winners and losers — so far
In every debacle, financial or political, there are those who come out smiling.
In the case of Australia’s weekend election shambles, resources stocks – big and small – are zooming, and punters who shorted the Aussie dollar are undoubtedly laughing in glee.
Aussie loses to fresh yen for safe havens
Amid fresh bouts of currency volatility and speculation about Swiss intervention in the euro on Thursday, the “safe haven” aura seems to be shifting back towards the yen.
The euro slid against the dollar and yen on Thursday morning in Europe,
The great Aussie-yen unwind
Get ready for the great unwind in yen-Aussie dollar trades.
That, at any rate, is the view from JP Morgan’s Japan currency strategist Tohru Sasaki.
As he noted on Friday, Japanese retail forex margin traders have not reduced their yen shorts much on an aggregate basis,
Carry trades and reverberations Down Under
Australia might be a long way from Europe and the US, but the impact of events in those far-off regions has added to Tuesday’s surprise decision by the Reserve Bank of Australia to hold interest rates – prompting some top forecasters to call an end to the Aussie dollar’s dream run.
Reading the RBA minutes
Want more detail on the decision of Australia’s central bank to hike interest rates?
The move made Australia the first G20 nation to raise rates since the peak of the financial crisis, and prompted much talk of a global economic recovery.
Greenback down, Aussie up
The Aussie dollar — already the power currency of the season — rose further to a 14-month high on Thursday after unusually clear indications from the governor of the Reserve Bank of Australia, Glenn Stevens,
What Australia’s rate hike means for the market
Australia on Tuesday became the first G20 nation to raise interest rates since the peak of the financial crisis, as its central bank increased the official cash rate from 3 per cent to 3.25 per cent. (Israel,
Russia throws another currency on the barbie
In further dollar diversification news, Reuters reported on Tuesday that Russia might consider adding either the Australian or Canadian dollar to its currency reserves.
Such news would normally be considered a negative for the greenback — implying as it does some degree of a switch out of US dollars by the Russians.