Australian trade balance

U.S. Jobs Day Culminates First Week of 2017

January 6, 2017

Prior to the Labor Dept report, the dollar showed overnight gains of 0.5% against the yen and sterling, 0.6% versus the yuan and 0.2% relative to the euro, Swissie and loonie. Lesser changes were recorded against the Aussie and New Zealand dollars. The Mexican peso was 0.4% higher. Ten-year German bund and British gilt yields […] More

Australian Dollar Softens on Plunge in Exports to China

July 2, 2014

The U.S. currency climbed 0.4% against the Australian dollar but is otherwise hardly changed overnight. Australian exports dropped 4.6% in May, thanks to a 12% plunge in shipments to China.  Aussie imports were 0.6% lower on month, and the trade deficit of 1.9 Aussie dollars was the largest shortfall since November 2012.  April had experienced […] More

Equities Hit by New European Concerns

July 3, 2013

Portugal’s foreign minister, and the head of the center-right coalition partner, resigned.  The root cause is an old theme, mounting intolerance to relentless and unworkable austerity.  Portuguese and Greek sovereign debt under new pressure.  The political mess in Egypt where PM Morsi refuses to step down also is promoting a risk-off atmosphere. Share prices slumped […] More