ADE
ELEMENTS Australian Dollar
ADE is defunct since November 17, 2009. No longer trading.
  • Jan. 10, 2011, 12:49 PM

    A 44% rise in property listings belies myths of an Australian housing shortage that bulls point to as reason for higher prices. Especially heavy supply on Queensland's Gold and Sunshine coasts is drawing comparisons to Florida circa 2006/7. Expected interest rate hikes are not helping.

    | Jan. 10, 2011, 12:49 PM
  • Dec. 31, 2010, 2:32 PM
    The Australian dollar is set to close 2010 at an all-time high vs. the dollar. The Aussie's chart tells a key macro story of the past 10 years - a major commodity boom beginning as the internet bubble faded, interrupted by a sharp collapse, before quickly resuming to even greater heights.
    | Dec. 31, 2010, 2:32 PM | 1 Comment
  • Dec. 27, 2010, 12:20 PM

    The debate over the existence of an Aussie housing bubble continues. Australian Property Investor calls it a myth. An expat Aussie dives into data to show how off-base the "cult of property" has become. Aussie banks and the mortgage market are more reliant than ever on overseas funding.

    | Dec. 27, 2010, 12:20 PM
  • Dec. 27, 2010, 10:19 AM
    As unemployment stays up, a small but growing number of Americans are heading Down Under, seeking long-term visas to work in lucrative skilled positions in Australia.
    | Dec. 27, 2010, 10:19 AM | 2 Comments
  • Dec. 15, 2010, 1:44 PM

    Could the aussie be the world's most overvalued currency? An Australian fund manager returns home, checks out the prices, and thinks the time is near for carry traders, feasting on high yields in Oz, to plan an exit. This may be an issue even Oprah can't fix. Aussie buys $0.9878 -1.12%.

    | Dec. 15, 2010, 1:44 PM
  • Dec. 14, 2010, 2:36 PM

    Australia turns to Oprah as it copes with a steep fall in tourism caused by a 28 year high in the aussie. Visits by Americans have fallen 9% this year, while departures by Australians have increased 25%. One weary world traveler can hardly believe the prices he's seeing. Aussie +0.6%.

    | Dec. 14, 2010, 2:36 PM
  • Dec. 9, 2010, 10:05 AM

    Australia's unemployment rate falls to 5.2% and it adds 54,600 jobs, nearly triple the expected number, as the China-fueled mining boom in Western Oz trumps sluggish housing and retail sectors. The RBA has hiked rates 7 times over the past year, with additional hikes expected in 2011. ASX +0.75%.

    | Dec. 9, 2010, 10:05 AM
  • Dec. 2, 2010, 2:16 PM

    Retail sales in Australia fall 1.1% in October versus an expected gain of 0.4%. Combined with 3rd quarter GDP growth of just 0.2%, evidence begins to mount that 175 basis points of rate increases are taking effect. Investors expect another 25 basis point increase over the next year; perhaps they should expect cuts.

    | Dec. 2, 2010, 2:16 PM
  • Dec. 1, 2010, 7:29 AM

    A series of interest rate hikes in Australia is taking effect as the economy grew just 0.2% in the 3rd quarter, about half the expected rate. Stocks initially fell, but, led by miners, rebounded to close flat on positive developments in Europe. (BHP +2.7%).

    | Dec. 1, 2010, 7:29 AM
  • Nov. 26, 2010, 7:31 AM
    Reserve Bank of Australia Governor Glenn Stevens indicates interest rates could remain steady for the next few months, but suggests he isn't done tightening policy as medium-term inflation risks are still high. The RBA will meet next on December 7.
    | Nov. 26, 2010, 7:31 AM
  • Nov. 2, 2010, 6:27 AM

    The Reserve Bank of Australia unexpectedly raises its benchmark interest rate by 25 bps to 4.75% in an effort to head off inflation. AUD +1.1% vs. USD. (RBA statement)

    | Nov. 2, 2010, 6:27 AM
  • Oct. 5, 2010, 7:34 AM

    In another rate surprise, the Reserve Bank of Australia keeps its key cash rate steady at 4.5% vs. a widely expected 25bps increase. Policymakers had been talking up a rate hike as necessary to head off inflationary pressures. AUD -0.7% vs. USD.

    | Oct. 5, 2010, 7:34 AM
  • Jun. 23, 2010, 7:37 PM

    Australia's prime minister, Kevin Rudd, steps down just before a leadership vote he was likely to lose, meaning Julia Gillard will become the country's first female PM. A likely change is coming to Rudd's mega-mining tax; one analyst says markets won't be unstable and in fact may rally. Updated 8:08 p.m.: With trading open in Sydney, the ASX 200 is up 0.6%.

    | Jun. 23, 2010, 7:37 PM | 10 Comments