Sentences with phrase «australian dollar»

In inflation - adjusted terms, the value of the Australian dollar is at a record level against a trade - weighted basket of east Asian currencies, with a number of these currencies having depreciated markedly at the time of the Asian crisis, and again more recently (Graph 69).

The Australian dollar was relatively steady hovering around the US75 cents threshold on Thursday morning.

Subsequently, the Australian dollar continued to recover, even though the yen steadied, as earlier sellers turned some of their positions.

In addition, the appreciation of the Australian dollar is likely to have restrained export volumes, as well as lowering Australian dollar prices.

The recent depreciation of the Australian dollar and consequent increase in Australian - dollar commodity prices would generally imply an increase in profits for mining companies.

The implied volatility from Australian dollar options shows a similar easing in volatility in recent months.

The increase in the Australian dollar may be part of the reason for this, as investors assume the appreciation will have a negative effect on companies with offshore earnings.

In each of these phases until mid 1997, the Australian dollar showed no sustained tendency to move with the yen.

In other words, the market has gone back to a more traditional model of the Australian dollar, based on a commodity price story.

As discussed below, this is contributing to upward pressure on the Australian dollar.

It, and the foreign currency debt servicing payments, are therefore subject to valuation effects when the exchange rate changes; currency depreciation increases the debt - servicing costs in Australian dollar terms.

While the appreciation of the Australian dollar has reduced commodity prices in Australian dollar terms from their most recent peak, they remain close to their average of the past decade.

The most visible impact from Asia on Australian financial markets has been the fall in the Australian dollar.

While the Australian dollar has appreciated more than some of these other currencies, the additional appreciation is not that large (see Graph 24), and, as noted above, the Australian dollar remains below average levels against currencies such as the euro and yen.

This is a bigger increase than has occurred in any 12 - month period since the Australian dollar was floated in 1983.

In the March quarter, the value of imports appears likely to have risen by around 2 1/2 per cent, with strong growth in import volumes and lower prices owing to a further appreciation of the Australian dollar.

The more general forces that have influenced the exchange rate over the past year or so have been the relative strength of the Australian economy, the associated yield differential in favour of Australian dollar assets, and the continued improvement in Australia's terms of trade, which are now at their highest level in more than 25 years.

The slowing in all measures of inflation over the past year reflects the strong appreciation of the Australian dollar.

Underpinning this expansion was continued solid growth in domestic demand, coupled with the appreciation of the Australian dollar over the past several years.

However, the Australian dollar remains one of the few currencies in which market participants continue to have long speculative positions relative to the US dollar (Graph 24); in the case of the Japanese yen, Canadian dollar and Swiss franc, speculative positions against the US dollar are short.

The tendency for dealers to trade the Australian dollar in line with commodity prices, themselves strongly correlated with US economic growth, may also have contributed to the link, although the correlation of the Australian dollar with the US dollar has been significantly higher than its correlation with commodity prices.

The major short - term influence on the inflation outlook continues to be the substantial decline in the Australian dollar over the past year.

As discussed in the chapter on «International and Foreign Exchange Markets», the Australian dollar has continued to appreciate over recent months, rising on a trade - weighted basis by 5 per cent since early November and 21 per cent over the past year.

Amid the global financial crisis, the Australian dollar fell 40 percent in just a few short weeks.

In early June, however, the Australian dollar's fall accelerated, causing it to decline even against the yen, which was itself falling sharply.

Exchange rate changes between the Australian dollar and US dollar have broadly offset this gap.

Hence, as a result first of large depreciations of a number of Asian currencies during the Asian crisis of 1997 and 1998, and then their more recent decline with the US dollar, the Australian dollar is now some 60 per cent higher than its post-float average against a group of Asian currencies (Graph 23).

During trading on Friday, the Australian dollar fell by 0.4 percent.

Earlier in the month, the Australian dollar dropped to a three - month low of $ 1.0149.

As can be seen in Graph A1, weekly movements of the Australian dollar and the US dollar through most of this period had a high correlation (averaging 0.74).

One factor supporting the Australian dollar over the past couple of years has been that interest rates right across the yield curve in Australia, and perceived returns on other assets, have been higher than those in a number of other countries, particularly those which experienced a recession and a collapse of share prices in the early part of this decade.

This decline reflects both the general weakness in the world economy and the appreciation of the Australian dollar over the period.

The exchange rate of the Australian dollar rose strongly through the first half of 2003.

This means USDU is inclusive of the Australian dollar and several emerging - market currencies ignored by UUP.

With most Asian currencies moving closely with the US dollar over the period, and these currencies having a large weight in the Australian dollar TWI, over 70 per cent of the TWI was in effect determined by movements in the US dollar.

Non-residents raised a total of $ 6.0 billion of Australian dollar securities during the June quarter, mostly in offshore markets.

This was only about half the size of issues in the previous quarter, reflecting a considerable lessening of demand for Australian dollar paper by the Japanese retail market.

A second source of risk would be a further sharp appreciation of the Australian dollar, which might be driven by additional interest rate reductions around the world to combat a weakening global economy.

During that period an additional source of external risk was presented by a strongly rising Australian dollar.

The downward trend in the prices of audio, visual and computing equipment continued in June, due to falling world prices for these goods and the appreciation of the Australian dollar.

Net foreign equity liabilities also increased in the quarter, as the appreciation of the Australian dollar lowered the Australian - dollar value of foreign equity assets (Graph 40).

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The Australian dollar reached a peak of US68.5 cents in early July, but then fell sharply, by around US4 cents in a little over a week (Graphs 18 and 19).

This fall in spreads was largely a result of the increase in Australian dollar issuance by non-Australian borrowers into the Japanese retail market (the uridashi market) which boosted demand to receive an Australian dollar interest rate under cross-currency swap agreements.

The fall in commodity prices in Australian - dollar terms has, however, been much larger, reflecting the appreciation of the Australian dollar.

Hedging activity by Australian exporters appears to have been supportive of the Australian dollar over the past year.

As of September 30, we decreased the Fund's Australian dollar hedge to 10 %, the Norwegian krone to 11 % and the Swiss franc to 22 % of the exposures hedged.

An improving US economy, falling unemployment and the prospect of more Australian dollar weakness had us thinking that its suburban office buildings were going to further increase in value.

Both of these risks increased appreciably in the first half of the year, with the international economic data generally disappointing and the Australian dollar on a strong upward trend during that period, particularly during May.

CurrencyShares Australian Dollar (FXA A-99) & CurrencyShares Canadian Dollar (FXC A-99): To diversify out of the U.S. dollar into currencies of countries with competent central banks