Australian Dollar Drops on Interest Rates Outlook

[postlink]https://breakinghotnewsonline.blogspot.com/2011/09/australian-dollar-drops-on-interest.html[/postlink]

Australian dollarThe Australian dollar fell today on the speculation the revised method of the inflation calculation will cause the central bank to refrain from raising the interest rates.

The Australian Bureau of Statistics changed its method of calculating the inflation of the consumer prices. The new method may show the consumer prices grew last quarter less than was previously estimated. Joaquin Vespignani, economist at Barclays, predicted that the Reserve Bank of Australia will have to reduce its inflation forecast and said:

    This implies the RBA will have more reason to keep monetary policy unchanged for the rest of this year.

According to the Credit Suisse Index, investors are betting the RBA will cut its key interest rate by 155 basis points in the next 12 months, compared to the forecast of 140 basis points yesterday. The relatively high interest rates attracts carry traders to Australia, bolstering the nation’s currency. The prospect for an interest rate decrease reduces potential profit from such trades and, as a result, appeal of the Aussie.

AUD/USD dropped from 1.0284 to 1.0239 today as of 2:18 GMT. EUR/AUD rose from 1.3368 to 1.3395. AUD/JPY went down from 78.80 to 78.54.

If you have any questions, comments or opinions regarding the Australian Dollar, feel free to post them using the commentary form below.

Earlier News About the Australian Dollar:

    Australian Dollar Falls as Unemployment Grows (2011-09-08)
    Aussie Gains as Australian Economy Grows (2011-09-07)
    Third Week of Gains for Aussie, Can Rally Be Sustained? (2011-09-03)
    Australian Retails Sales Go Up, Aussie Follows (2011-09-01)
    Building Permits in Australia & New Zealand Rise, Aussie & Kiwi Gain (2011-08-30)


This entry was posted on TopForexNews on Thursday, September 15th, 2011 at 2:18 am and is filed under Australian Dollar, Carry Trade. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

http://www.topforexnews.com/2011/09/15/australian-dollar-drops-on-interest-rates-outlook/

Australian dollarThe Australian dollar fell today on the speculation the revised method of the inflation calculation will cause the central bank to refrain from raising the interest rates.

The Australian Bureau of Statistics changed its method of calculating the inflation of the consumer prices. The new method may show the consumer prices grew last quarter less than was previously estimated. Joaquin Vespignani, economist at Barclays, predicted that the Reserve Bank of Australia will have to reduce its inflation forecast and said:

    This implies the RBA will have more reason to keep monetary policy unchanged for the rest of this year.

According to the Credit Suisse Index, investors are betting the RBA will cut its key interest rate by 155 basis points in the next 12 months, compared to the forecast of 140 basis points yesterday. The relatively high interest rates attracts carry traders to Australia, bolstering the nation’s currency. The prospect for an interest rate decrease reduces potential profit from such trades and, as a result, appeal of the Aussie.

AUD/USD dropped from 1.0284 to 1.0239 today as of 2:18 GMT. EUR/AUD rose from 1.3368 to 1.3395. AUD/JPY went down from 78.80 to 78.54.

If you have any questions, comments or opinions regarding the Australian Dollar, feel free to post them using the commentary form below.

Earlier News About the Australian Dollar:

    Australian Dollar Falls as Unemployment Grows (2011-09-08)
    Aussie Gains as Australian Economy Grows (2011-09-07)
    Third Week of Gains for Aussie, Can Rally Be Sustained? (2011-09-03)
    Australian Retails Sales Go Up, Aussie Follows (2011-09-01)
    Building Permits in Australia & New Zealand Rise, Aussie & Kiwi Gain (2011-08-30)


This entry was posted on TopForexNews on Thursday, September 15th, 2011 at 2:18 am and is filed under Australian Dollar, Carry Trade. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

http://www.topforexnews.com/2011/09/15/australian-dollar-drops-on-interest-rates-outlook/

NZD Follows Food Prices in Decline

[postlink]https://breakinghotnewsonline.blogspot.com/2011/09/nzd-follows-food-prices-in-decline.html[/postlink]

New Zealand dollarThe New Zealand dollar fluctuated against the US dollar and dropped against the Japanese yen after the report showed that food prices in New Zealand fell last month.

The Food Price Index declined 1.3 percent in August. The decline followed the 2.0 percent increase in the previous month. Year-on-year, the prices rose 6.6 percent. Currently, the kiwi, as the New Zealand currency is often nicknamed, strives to regain its strength.

NZD/USD traded near its opening level of 0.8230 as of 12:21 GMT today, following the drop to 0.8179. NZD/JPY rebounded to 63.31 after falling from 63.50 to 62.94.

http://www.topforexnews.com/2011/09/13/nzd-follows-food-prices-in-decline/
If you have any questions, comments or opinions regarding the New Zealand Dollar, feel free to post them using the commentary form below.

Earlier News About the New Zealand Dollar:

    New Zealand Dollar Falls as Concerns About Greece Intensify (2011-09-12)
    Building Permits in Australia & New Zealand Rise, Aussie & Kiwi Gain (2011-08-30)
    German Business Climate Makes NZ Dollar Less Attractive (2011-08-24)
    NZ Dollar Climbs on Expectations of QE3 in US (2011-08-22)
    NZ Dollar Heads for Second Weekly Drop (2011-08-12)


This entry was posted on TopForexNews on Tuesday, September 13th, 2011 at 12:21 pm and is filed under New Zealand Dollar. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

New Zealand dollarThe New Zealand dollar fluctuated against the US dollar and dropped against the Japanese yen after the report showed that food prices in New Zealand fell last month.

The Food Price Index declined 1.3 percent in August. The decline followed the 2.0 percent increase in the previous month. Year-on-year, the prices rose 6.6 percent. Currently, the kiwi, as the New Zealand currency is often nicknamed, strives to regain its strength.

NZD/USD traded near its opening level of 0.8230 as of 12:21 GMT today, following the drop to 0.8179. NZD/JPY rebounded to 63.31 after falling from 63.50 to 62.94.

http://www.topforexnews.com/2011/09/13/nzd-follows-food-prices-in-decline/
If you have any questions, comments or opinions regarding the New Zealand Dollar, feel free to post them using the commentary form below.

Earlier News About the New Zealand Dollar:

    New Zealand Dollar Falls as Concerns About Greece Intensify (2011-09-12)
    Building Permits in Australia & New Zealand Rise, Aussie & Kiwi Gain (2011-08-30)
    German Business Climate Makes NZ Dollar Less Attractive (2011-08-24)
    NZ Dollar Climbs on Expectations of QE3 in US (2011-08-22)
    NZ Dollar Heads for Second Weekly Drop (2011-08-12)


This entry was posted on TopForexNews on Tuesday, September 13th, 2011 at 12:21 pm and is filed under New Zealand Dollar. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

Optimism About Europe Evaporates, Euro Weakens

[postlink]https://breakinghotnewsonline.blogspot.com/2011/09/optimism-about-europe-evaporates-euro.html[/postlink]

EuroThe optimism, caused by the speculation China is going to buy Italy’s debt, quickly wane and the euro fell after Italy auctioned its debt.

The optimism, caused by the speculation China is planning to buy the Italian debt, was defeated by the skepticism that China alone won’t be able to prevent the spreading of the debt crisis to the European nation. The skepticism strengthened as the borrowing costs increased. Italy sold €3.9 billion of the new benchmark five-year bonds with the average yield of 5.6 percent. Last time the bonds with the same maturity was sold the yield was 4.93 percent.

EUR/USD fell from 1.3679 to 1.3659 as of 11:52 GMT today, while touching the low of 1.3557. EUR/JPY dropped from 105.09 to 105.13 after it reached the daily low of 104.39.

If you have any questions, comments or opinions regarding the Euro, feel free to post them using the commentary form below.

Earlier News About the Euro:

    ECB Keeps Rates Unchanged, Euro Falls (2011-09-09)
    Euro Advances as Stocks Rally. Future Still Looks Uncertain (2011-09-08)
    Euro Sinks After Merkel's Party Loses Election (2011-09-05)
    Euro Ends Rally as ECB Expected to End Interest Rates Hikes (2011-08-30)
    Euro Falls for Second Day vs. Dollar (2011-08-25)


This entry was posted on TopForexNews on Tuesday, September 13th, 2011 at 11:52 am and is filed under Euro. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

http://www.topforexnews.com/2011/09/13/optimism-about-europe-evaporates-euro-weakens/

EuroThe optimism, caused by the speculation China is going to buy Italy’s debt, quickly wane and the euro fell after Italy auctioned its debt.

The optimism, caused by the speculation China is planning to buy the Italian debt, was defeated by the skepticism that China alone won’t be able to prevent the spreading of the debt crisis to the European nation. The skepticism strengthened as the borrowing costs increased. Italy sold €3.9 billion of the new benchmark five-year bonds with the average yield of 5.6 percent. Last time the bonds with the same maturity was sold the yield was 4.93 percent.

EUR/USD fell from 1.3679 to 1.3659 as of 11:52 GMT today, while touching the low of 1.3557. EUR/JPY dropped from 105.09 to 105.13 after it reached the daily low of 104.39.

If you have any questions, comments or opinions regarding the Euro, feel free to post them using the commentary form below.

Earlier News About the Euro:

    ECB Keeps Rates Unchanged, Euro Falls (2011-09-09)
    Euro Advances as Stocks Rally. Future Still Looks Uncertain (2011-09-08)
    Euro Sinks After Merkel's Party Loses Election (2011-09-05)
    Euro Ends Rally as ECB Expected to End Interest Rates Hikes (2011-08-30)
    Euro Falls for Second Day vs. Dollar (2011-08-25)


This entry was posted on TopForexNews on Tuesday, September 13th, 2011 at 11:52 am and is filed under Euro. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

http://www.topforexnews.com/2011/09/13/optimism-about-europe-evaporates-euro-weakens/