CurrencyShares Australian Dollar Trust ETF

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  • 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
  • Oct. 4, 2011, 7:25 AM

    The RBA leaves its policy rate unchanged at 4.75%, but says "the path for inflation may now be more consistent with" targets, opening the door for future rate cuts. The aussie -1% to $0.9434, the lowest level since Sept. 2010. Australian shares -17% in the last month.

    | Oct. 4, 2011, 7:25 AM
  • Oct. 3, 2011, 10:36 AM
    Australia's September PMI drops to 42.3 from 43.3 in August, continuing to show contraction in manufacturing even as the mining industry parties. The usual suspects of the strong aussie and weak domestic demand were cited by the survey's respondents. Financial jitters are taking care of one of those issues.
    | Oct. 3, 2011, 10:36 AM
  • Sep. 26, 2011, 10:12 AM
    The powerful uptrend line from the 2008 bottom in commodities and commodity currencies have both been broken at the same time, notes Barclays technical guru Jordan Kotick. It suggests to him the post-2008 recovery is over.
    | Sep. 26, 2011, 10:12 AM | 4 Comments
  • Sep. 23, 2011, 12:38 PM
    "The stock market is a discounting mechanism," says Marc Faber. He suggests the recent market action may have little to do with what's in front of our eyes - Europe - and everything to do with what's coming: "a meaningfull slowdown and disappointing news out of China." Good stuff. (video)
    | Sep. 23, 2011, 12:38 PM | 2 Comments
  • Sep. 23, 2011, 12:18 PM
    S&P affirms Australia's AAA rating even as it makes a nod towards the country's dependence on overseas funding and commodities. "Australia has what we consider to be strains on its financial sector compared to other highly rated sovereigns, reflecting its heavy external borrowings to partly fund investment in its mining sector."
    | Sep. 23, 2011, 12:18 PM | 1 Comment
  • Sep. 22, 2011, 10:36 PM
    Currencies move somewhat higher, perhaps encouraged by the G-20, but more likely just bouncing a little after a serious drubbing. The euro +0.5% vs. the dollar to $1.352. The aussie +0.4% to $0.9776 against the greenback after falling nearly 10% over the past 2 weeks.
    | Sep. 22, 2011, 10:36 PM | 3 Comments
  • Sep. 22, 2011, 7:22 AM

    The dollar is sharply higher across the board, with the aussie and the loonie - commodity producers and highly levered to world (especially China) growth - falling the furthest, about 2.5% Both have fallen well below parity to the greenback after spending nearly the entire year above.

    | Sep. 22, 2011, 7:22 AM
  • Sep. 22, 2011, 12:35 AM
    Jitters in financial markets briefly send the Australian dollar below parity with the greenback. Also boding ill for the aussie is the continuing plunge in copper, and news of soft Asian demand for coal. The aussie is currently buying $1.00 vs. $1.03 about 24 hours ago. Australian shares -2.6%.
    | Sep. 22, 2011, 12:35 AM | 1 Comment
  • Sep. 21, 2011, 2:42 PM

    The dollar is moving solidly higher across the board, as markets' initial take is less-than-hoped for priming from the Fed. One currency of note is the loonie, where the greenback has popped above parity to its highest level in 2011.

    | Sep. 21, 2011, 2:42 PM | 1 Comment
  • Sep. 20, 2011, 3:41 PM

    "This is happening now," says Jim Chanos of the property collapse in China. He relates a story from the chairman of Komatsu (KMTUY.PK), who says he is having trouble getting paid for machinery sales there. With the focus on Europe, the story people are missing is the reversal in the world growth machine.

    | Sep. 20, 2011, 3:41 PM | 5 Comments
  • Sep. 20, 2011, 11:06 AM

    Expectations for rate cuts in Australia are dashed following release of minutes from the RBA meeting. "Expectations of large cuts ... might not be giving an accurate reading of expectations in the current circumstances." The aussie rose on the news, but the currency's direction will continue to be determined by the world's risk appetite.

    | Sep. 20, 2011, 11:06 AM
  • Sep. 14, 2011, 3:56 PM

    The RBA "can afford to sit tight on rates," says the IMF, arguing the central bank has little control over the surge in food prices that has caused inflation hit 3.6%. Traders put rate hikes out of their minds long ago, pricing in a cut before year's end, though the recently weak aussie may be doing the RBA's work for it.

    | Sep. 14, 2011, 3:56 PM
  • Sep. 7, 2011, 7:11 AM

    Australian Q2 GDP rises 1.2% against expectations of 1%. The Y/Y pace comes in at 1.4% vs. expectations of 0.7%. The good news combined with the 2 previous days of sharp losses to send shares (+2.7%) and the aussie (+1.3%) soaring.

    | Sep. 7, 2011, 7:11 AM | 2 Comments
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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