Sentences with phrase «australian dollar market»

Not exact matches

Financial markets have reacted positively to Xi's conciliatory speech, bidding up riskier assets such as stocks and commodity currencies like the Australian dollar.

This is not a trending market so there is a better probability that the Australian dollar will continue to trade between the upper and lower limits of the trading band.

International banks active in the Australian market are generally already actively clearing Australian dollar - denominated interest rate swaps via offshore entities that participate in LCH.Clearnet's London - based SwapClear service or CME Clearing in the United States.

The RBA study pays special attention to the exchange rate appreciation, noting that the stronger Australian dollar had the effect of moderating the effects of resource price increases: higher exchange rates make all exports — including resource exports — less competitive on world markets.

Turning green dollars into green bonds At the age of 50, Australian marketing strategist Sean Kidney was in a crisis.

As in most countries, the foreign exchange market in Australia is the largest market sector, with turnover of about $ 76 billion a day, a little over half of which involves the Australian dollar.

The Australian foreign exchange market is the 9th largest in the world and the Australian dollar is the seventh most actively traded currency in the world, marginally behind the Canadian dollar (Table 2).

Sentiment in the options market, as indicated by 1 - month risk reversals (a measure derived from the relative prices of put and call options in the Australian dollar), has also become more bullish since mid 2004.

Market sentiment towards the Australian dollar remains positive.

As the Australian dollar appreciated against the US dollar in November, the Bank took the opportunity to add to net reserves through its transactions in the foreign exchange market.

Recent weakness in the Australian dollar may have reflected the fact that the market had become over-extended as the exchange rate had risen for six months in a row, with a cumulative rise of 25 per cent.

Foreign borrowers issuing in Australia and seeking to swap back to their home currency usually receive favourable prices in the currency swap market because of greater demand by Australian borrowers to do the reverse — i.e. borrow in foreign currency and swap into Australian dollars.

Talk of US monetary tightening over the past month prompted a rise in market interest rates in Australia, particularly for longer - term securities, and a fall in the exchange rate of the Australian dollar.

The market's largest producers, including Newcrest Mining, Evolution Mining and Northern Star Resources, have also benefited from recognition that the recent rise in the US - dollar gold price, a weak local currency and lower costs across the sector have created significant positive tailwinds for Australian gold miners.

Buoyant demand in this market stems from the high level of vehicle affordability — in part a consequence of the appreciation of the Australian dollar — and generally favourable financial conditions.

As usual, most offshore issuance was denominated in foreign currencies, with companies typically using swap markets to hedge the proceeds back to Australian dollars.

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.

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.

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

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

As is usual, most offshore issuance by Australian borrowers was denominated in foreign currencies, with companies typically using swap markets to convert the proceeds back to Australian dollars.

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.

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

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

Most offshore issuance by Australian borrowers in the September quarter was denominated in foreign currencies (with companies typically using swap markets to hedge the proceeds back to Australian dollars).

The Australian dollar has fallen substantially against the US dollar and the European currencies over the past year, as markets have factored in the effect of the regional turmoil on Australia's export prospects.

The Australian dollar recorded another strong rise over the period since the previous Statement, particularly against the US dollar which was weakening on global markets (Graph 22).

The turning point in the market came with the intervention by the US Federal Reserve to support the yen exchange rate; this caused a sharp rise in the yen and the Australian dollar moved up with it.

While market sentiment towards the Australian dollar remains positive, there has been a scaling back of speculative long positions in Australian dollar futures, albeit from high levels.

From its float in 1983 until recently, the Australian dollar had traditionally been regarded by financial markets as being part of the US dollar bloc.

The appreciation of the Australian dollar has been less marked against the euro, and the currencies of a number of countries that Australia competes with in international markets.

Although it has not released any changes to its current policies, it will often balance out the market by purchasing Australian dollars on the spot market.

Despite the continued weakness in commodity markets, the further decline in the Australian dollar against the major international currencies has meant that, in domestic - currency terms, commodity prices have remained roughly stable in recent months.

Historically, it has been normal for such periods to be associated with firming commodity prices and, as a result, a tendency for international capital markets to find Australian - dollar assets attractive.

Tags: Australian dollar, Euro, Eurobonds, Fed, MBS, New Zealand dollar, QE1, QE2, QE3, U.S. Treasuries Posted in Debt Market, Fed, Germany, RBNZ 11 Comments»

«If the Australian dollar is strong it means the economy is strong which is not bad news by itself, because Australia is such an important market.»

The co-operative cited a spike in the Australian dollar and a global dairy market that continues to weaken after China slashed its spending on bulk dairy imports and amid Russia's ongoing trade sanctions on many western products.

CHAMP has been increasingly active in transactions involving Accolade, leading some in the investment markets to believe it may soon exit the wine industry as the Australian dollar decline supercharges profits from its Australian export operations.

Plus, it is still smarting from its experiences in the early 2000s when it bought BRL Hardy at the top of the market for $ 1.9 billion and watched most of that value get frittered away as the Australian dollar rose and the glory days of cheap plonk exports to the UK and US disappeared.

«US demand for Australian wine is highly sensitive to the Australian dollar and the US market alone is large enough to bring the Australian wine industry back into equilibrium.

The strong Australian dollar is hindering the export market and there is a serious drought in western Queensland and the Northern Territory, which has increased cattle sales and put pressure on prices.

Since 2010, when the Australian dollar reached parity with the US dollar, McGuigan and the Australian Vintage board have been gritting their teeth and wearing the pain to avoid forfeiting the foothold the business has established in overseas markets over the years.

«The Australian dollar has come down, there's more activity in rural assets in general, and overseas wine buying markets are kicking some goals.

The sharp fall in the Australian dollar has encouraged foreign selling of our market, but we see the lower Australian dollar as a medium - term positive.

The Australian dollar surged above US80 cents after the Australian Bureau of Statistics released higher - than - expected core inflation data, crushing market expectations of a rate cut at next week's Reserve Bank of Australia meeting.

Companies with exposure to foreign earnings have been beneficiaries of the wilting Australian dollar and are expected to outperform the broader market this year again as their earnings growth gains momentum.

The dour forecast from Pernod Ricard, whose Jacob's Creek label is the second-most imported wine into China, is likely to send shock waves through the local wine industry already suffering from the sting of a strong Australian dollar and downturns in traditional markets through Europe and North America.

The surge comes despite Australian winemakers decrying the high value of the dollar, which they say has slashed sales and margins as their brands are priced out of the market by cheaper blends from new - world South American producers such as Chile, as well as old - world centres like Spain.

A number of family - owned wineries such as Brown Brothers, d'Arenberg and Casella have blamed the appreciating Australian dollar for crunching their sales, particularly in the crucial markets of North America, and Australia's biggest export destination for wine, Britain.