Search Results for 'Australian'

Australian dollar wobbles after RBA intervention

A VULNERABLE Australian dollar wobbled in late afternoon trading, after the RBA today intervened for a second time in less than a week. In late afternoon trading as London currency desks opened, the Aussie dollar was buying US61.06c, down [...]

Posted On : Oct, 27 2008 | Comments : 0

Australian dollar lower at noon

The Australian dollar was lower at noon as risk aversion continued to hurt the high-yielding currency.At 1200 AEDT, the Australian dollar was trading at $US0.7090/95, down about 1.8 US cents from Tuesday's close of $US0.7268/75.During the m [...]

Posted On : Oct, 08 2008 | Comments : 0

Australian, N.Z. Dollars Slip as Lehman Files for Bankruptcy...

The Australian and New Zealand dollars approached two-year lows against the yen as Lehman Brothers Holdings Inc. said it will file for bankruptcy, fueling speculation credit losses will widen and damping demand for higher-yielding assets. [...]

Posted On : Sep, 15 2008 | Comments : 0

Australian, New Zealand Dollars Advance on Commodities, Yiel...

The Australian and New Zealand dollars gained after commodities prices rose and traders bet their declines in the past month are overdone. The UBS Bloomberg Constant Maturity Commodity Index of 26 raw materials advanced for a third day, h [...]

Posted On : Aug, 21 2008 | Comments : 0

Australian, N.Z. Dollars Head for Weekly Gain on Rate Advant...

The Australian and New Zealand dollars headed for weekly gains on speculation the nations will maintain their interest-rate advantage over the U.S. as the Federal Reserve may delay raising borrowing costs. The currencies climbed to the hi [...]

Posted On : Jun, 20 2008 | Comments : 0

Australian Dollar Rises to 24-Year High as Inflation Quicken...

The Australian dollar climbed to the highest since 1984 after a government report showed consumer prices rose at the fastest annual rate in seven years, fueling speculation the central bank will resume raising interest rates. The currency [...]

Posted On : Apr, 23 2008 | Comments : 0

Australian, N.Z. Dollars Weaken as Asian Stocks Extend Slump

The Australian and New Zealand dollars fell to the lowest in at least four months against the yen as a global stock slump spurred investors to sell higher- yielding assets funded in Japan. The local dollars slid for a third day versus Japa [...]

Posted On : Jan, 22 2008 | Comments : 0

Australian Dollar Strengthens as Unemployment Rate Declines

- The Australian dollar gained as a government report showed the unemployment rate fell by more than economists expected in December, supporting bets the central bank will raise its benchmark interest rate this year. The local dollar is th [...]

Posted On : Jan, 17 2008 | Comments : 0

MUFG Sees Australian, N.Z. Dollars Gaining Versus Yen

The Australian and New Zealand dollars will rise against the yen as global investors put more money into the nations' higher-yielding short-dated bonds, said Osamu Takashima at Bank of Tokyo-Mitsubishi UFJ Ltd. Buying of the Australian d [...]

Posted On : Dec, 19 2007 | Comments : 0

Australian, N.Z. Dollars Fall on Prospect of Smaller Fed Cut

Australia's dollar fell from a 23- year high and New Zealand's currency declined as traders pared bets the U.S. will lower interest rates by a half percentage point tomorrow.The Federal Reserve will reduce its target rate to 4.50 percent fr [...]

Posted On : Oct, 30 2007 | Comments : 0

Australian Dollar Falls as Carry Trades Cut on Stock Losses

The Australian dollar fell to the lowest in almost two weeks against the U.S. currency and the yen as stock losses spurred investors to sell higher-yielding assets funded by loans from Japan.The currency extended losses from yesterday, when [...]

Posted On : Oct, 17 2007 | Comments : 0

Australian Dollar Trades Little Changed Before Jobs Release

The Australian dollar was little changed before a government report today forecast by economists to show employers hired extra workers for an 11th straight month in September.The currency is the second-biggest gainer among its 16 most- trad [...]

Posted On : Oct, 11 2007 | Comments : 0

Australian, New Zealand Dollars Slump on Northern Rock Bailo...

The Australian and New Zealand dollars fell the most this month as withdrawals from British mortgage lender Northern Rock Plc caused global stocks to slump, spurring traders to sell higher-yielding currencies.The local dollars were the wors [...]

Posted On : Sep, 18 2007 | Comments : 0

N.Z. Dollar Falls to 12-Month Low Versus Australian Currency...

The New Zealand dollar fell to a 12- month low against the Australian currency on speculation faster economic growth and the prospect of interest-rate increases will lure investors.A report yesterday showed Australia's economy grew almost t [...]