Australian dollar

Aussie Dollar Touches Three-Week High on Final Day of 2015

December 31, 2015

Many stock exchanges were closed for the yearend holiday, for instance those in Japan, Germany, Italy, Switzerland, Australia, New Zealand, Indonesia and Singapore. Share prices fell 0.9% in China and Spain and 0.3% in France but firmed 0.7% in Taiwan, 0.3% in Hong Kong, 0.2% in India and 0.1% in the U.K.. West Texas Intermediate […] More

Bolder Official Efforts to Influence Currency Movements

September 25, 2014

Officials outside the United States had for some time been frustrated by the weakness of the dollar in spite of superior U.S. fundamental economic comparisons of real growth, labor market conditions, and interest rates.  Now that the Federal Reserve’s third round of quantitative easing is wrapping up and speculation is heating up about an initial […] More

Collateral Damage from Prospect of More Fed Tapering

January 24, 2014

Share prices have slumped 3.4% in Spain, 1.9% (and 304 points) in Japan, 1.8% in Italy, 1.4% in France, 1.3% in Hong Kong and Indonesia, 1.1% in India and Germany, 1.0% in Britain, 0.8% in New Zealand and Singapore, and 0.4% in Australia. Ten-year sovereign debt yields are down 8 basis points in Britain, 3 […] More

Currency Reflections on a Wintry Day

January 23, 2014

Optimism about U.S. growth prospects continues to mount, and many currency watchers have been awaiting just such a sign as the needed catalyst for a significant rise in the dollar against its main rival, the euro.  Canadian monetary officials just raised their projected 2014 U.S. growth rate by a half percentage point to 3.0%.  That […] More

U.S. Currency Generally Buoyant in Spite of Loss against Euro

September 26, 2013

The dollar’s performance in 2013 has been a mixed one.  Quarter-end is nearly upon us, and the currency is 3.5% below its mid-2013 level against the eurol.  Compared to end-2012, the European common currency has risen slightly more than 2.0%, and the euro’s advance since hitting a low in 2012 of $1.2041 equals roughly 12%.  […] More

Stronger Yen and Aussie Dollar

February 19, 2013

The U.S. dollar has declined 0.5% against the yen and 0.4% relative to the Australian dollar.  Other overnight dollar movement has been muted, with gains of 0.2% versus the loonie and 0.1% against the euro, Swissie and kiwi.  The dollar is unchanged relative to the Chinese yuan and British pound. Stocks slumped 1.9% in China, […] More

Currencies Remain Mostly Calm Ahead of the U.S. Fiscal Waterfall

November 30, 2012

Net movement in the currencies of major advanced economies have been comparatively small during the second half of 2012.  The yen has exhibited the greatest weakness, a slide of 3.2% against the dollar, but virtually all that loss occurred within the past month.  The U.S. currency otherwise has depreciated 2.5% or less against the euro, […] More

Judgement Day in America

November 6, 2012

Today’s U.S. presidential election outcome is generally considered too close to call.  Representing world opinion, the Economist and Financial Times endorsed Obama despite reservations about his first term. In a surprise to many analysts, the Reserve Bank of Australia declined to cut the 3.25% Official Cash Rate further.  The Aussie dollar has climbed 0.7% against […] More

Dollar Performs Best When Investors are Worried

October 5, 2012

Uncertainty promotes currency market stability.  The dollar’s major appeal over the last four years didn’t reflect comparatively resilient U.S. economic growth or other fundamental advantages associated perennially with U.S. asset markets.  Rather, the dollar performed best when elevated risk aversion caused the search for asset safety to become paramount.  The yen has also benefited from […] More

Concern over Chinese Demand Hits European Equities

March 20, 2012

Share prices have fallen 1.2% in France, 1.1% in Germany and 1.0% in Britain.  In Asia, stocks slumped 1.7% in China where auto sales seem to be sputtering.  The Hang Seng index in Hong Kong fell by 1.1%, and Australia’s bourse lost 0.4%.  Japanese markets were shut for the vernal equinox holiday. Other indications of […] More