CurrencyShares Australian Dollar Trust ETF (FXA) - NYSEARCA
  • Oct. 18, 2011, 2:55 PM
    Marc Chandler takes a contrarian view of the RBA minutes, believing the central bank to be on hold barring further deterioration in global markets or a hard landing in China. The consensus read is that a rate cut is in the cards as early as November. For now, the aussie remains tightly tethered to the S&P.
    | Oct. 18, 2011, 2:55 PM
  • Oct. 18, 2011, 12:05 PM
    "Dollar, dollar, dollar," says top notch FX strategist (now heading his own hedge fund) Stephen Jen, when asked by Dow Jones about his three favorite currencies to buy. He sees the greenback rallying against all of the "risk" currencies, with the euro falling to $1.25 within six months. Euro: FXE, Aussie, FXA, Real: BZF.
    | Oct. 18, 2011, 12:05 PM | 1 Comment
  • Oct. 17, 2011, 5:12 PM

    Expect some overnight action in the aussie as the RBA will release minutes of its Oct. 4 meeting and traders will be looking for signals as to when and how much the central bank plans to cut rates. Along with other risk markets, the aussie has had a remarkable run in October, climbing from $0.94 to nearly $1.04 in less than 10 sessions, before falling a bit today on renewed stock weakness. FXA -1.5%.

    | Oct. 17, 2011, 5:12 PM
  • Oct. 13, 2011, 12:54 PM
    Iron ore or iGadgets? A penny stock 10 years ago, Australian miner Fortescue has soared more than 50K%, fueled by China's insatiable demand for ore and is a symbol of the greatest mining boom since the gold rush. Asked about a possible slowdown in China, the CEO of highflyer Atlas Iron has no worries. "If China suddenly catches the flu, the whole planet's cactus anyway." Remarkable stuff.
    | Oct. 13, 2011, 12:54 PM | 3 Comments
  • Oct. 13, 2011, 7:00 AM
    China's customs bureau warns of "severe" challenges as export growth slows to 17.1% in September vs. 24.5% in August, with business to Europe particularly weak. The trade surplus declines for the 3rd straight month, falling to $14.5B from $31.5B in July.
    | Oct. 13, 2011, 7:00 AM | 1 Comment
  • Oct. 12, 2011, 10:27 AM
    Check out the remarkable moves in currencies (aussie +300 pips in 12 hours!) and key commodities starting right about the time China opened for business last night  This rally may have little to do with Europe and everything to do with China showing signs of opening the spigots again. Chinese shares +3%. RE ETF: TAO +5.1%.
    | Oct. 12, 2011, 10:27 AM
  • Oct. 10, 2011, 1:19 PM
    China allows the biggest one-day jump in the yuan since July 2005 - perhaps a conciliatory message to the U.S., where Congress is threatening to punish Beijing over the currency. Maybe this easing of concerns over a trade war is behind today's rally (also, China is buying bank shares).
    | Oct. 10, 2011, 1:19 PM
  • Oct. 10, 2011, 8:15 AM

    Of the Chinese bank stock buys, the folks at beyondbrics note the last time China stepped in to buy the lenders was September 2008 - the stock market bottomed shortly afterwards. Off 28% this year, a popular China ETF, FXI is +2.3% premarket.

    | Oct. 10, 2011, 8:15 AM
  • Oct. 10, 2011, 7:56 AM
    European shares are staging a tepid rally (Stoxx 50 +0.6%) in the wake of news Merkozy is planning a plan and the Dexia nationalization, but the euro is romping, +1.5% vs. the dollar to $1.3575. The greenback is sharply lower against nearly all of the major currencies, the dollar index -1.2%.
    | Oct. 10, 2011, 7:56 AM | 1 Comment
  • Oct. 9, 2011, 9:27 PM

    "The world revolves around money, and it makes its own rules," says the CEO of China's Noah Holdings (NOAH). The company is a seller of wealth-management products, including trusts, which are exploding across the country as capital seeks better returns and businesses in need of credit seem willing to pay anything. The action reminds one professor of the conditions that led to the 1907 panic in the states. A great read about what sounds like a house of cards.

    | Oct. 9, 2011, 9:27 PM | 2 Comments
  • Oct. 7, 2011, 10:56 AM

    "The market can only focus on one thing at a time," says Vitaliy Katsenelson, whose eye is not on Europe, but on China and Japan. The collapse in copper prices is "just the beginning," he says, as China is headed for a hard landing. Commodity sensitive stocks like CAT look cheap, but they're going to "get a lot cheaper."

    | Oct. 7, 2011, 10:56 AM | 1 Comment
  • Oct. 7, 2011, 8:44 AM
    The dollar is diving against most major currencies. The euro crosses above the $1.35 level for the first time this month. The loonie is the big winner so far today, +1.2%, as the NFP number combines with a big beat in the Canadian employment report.
    | Oct. 7, 2011, 8:44 AM | 1 Comment
  • Oct. 7, 2011, 8:09 AM
    The IMF sounds a bit of warning on Australia, saying the RBA may need to continue hiking rates to fight inflation even as slowing world economic growth cuts demand for commodities. The country is also particularly vulnerable to financial tumult as its banks are heavily reliant on overseas funding.
    | Oct. 7, 2011, 8:09 AM | 2 Comments
  • Oct. 4, 2011, 4:00 PM
    The news from Europe torches a few dollar bulls, as all of the "risk" currencies melt higher to the tune of 1% or more in the space of a few minutes.
    | Oct. 4, 2011, 4:00 PM | 9 Comments
  • Oct. 4, 2011, 11:53 AM

    Standard Chartered's Stephen Green brushes off concerns of a hard-landing in China, saying authorities have plenty of room to ease policy. Green disagrees with the China-is-overbuilt meme, saying infrastructure projects are still necessary across the country. "China today is Japan circa 1970, not 1989."

    | Oct. 4, 2011, 11:53 AM | 1 Comment
  • Oct. 4, 2011, 8:39 AM
    The neckbone is connected to the headbone... Tim Backshall has a look at CDS spreads in some Australian corporate names, noting that some blew out last night. Among the hardest hit are mining giants Rio Tinto (RIO) and BHP, whose spreads jumped about 30%.
    | Oct. 4, 2011, 8:39 AM
FXA Description
CurrencyShares Australian Dollar Trust is designed to track the price of the Australian Dollar net of Trust expenses, which are expected to be paid from interest earned on the deposited Australian Dollars.
See more details on sponsor's website
Country: Australia
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