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CurrencyShares Australian Dollar Trust ETF (FXA)

  • May 14, 2013, 2:50 PM
    As the aussie (FXA -0.7%) continues its one-way slide lower, Marc Chandler updates his thoughts on what's become the pair trade du jour - long Mexican peso/short aussie. What's not to like - there's positive carry, commodities are falling in price, and inflation in China has made it a more expensive place to manufacture than Mexico. A lot have been waiting for the aussie to crack for a long time, says Chandler, and now it may have. He's planning on lowering his year-end target of $0.9700.
    | May 14, 2013, 2:50 PM | 1 Comment
  • May 13, 2013, 4:41 PM
    Australia could see a recession in the next 18-24 months should a sharp fall in mining capex materialize, says Morgan Stanley. Other economists - including the RBA - hold out hope the retail sector and housing market will fill the void left by mining. The aussie (FXA) is off 7 big figures in a month as fx traders place their bets with the Morgan view. EWA is flat over the same period as the aussie's fall wipes out equity gains.
    | May 13, 2013, 4:41 PM | Comment!
  • May 10, 2013, 4:22 PM
    The week's ETF movers - Gainers: REMX +10.8%. URA +6.6%. TAN +6.4%. VNM +5.4%. XHB +3.4%.
    ETF Losers: GAZ -4.5%. UNG -3.6%. FXA -3.0%. EWY -2.7%. EWA -2.7%.
    | May 10, 2013, 4:22 PM | Comment!
  • May 10, 2013, 7:41 AM
    The Australian dollar (FXA) sinks below parity with the greenback for the first time since last June, a victim of a slowdown in the Aussie economy and weak commodity prices (the two are surely intertwined). Aussie stocks are rising along with the rest of the world, but the Australian Index Fund ETF (EWA) - unhedged against the currency - is lagging.
    | May 10, 2013, 7:41 AM | 2 Comments
  • May 9, 2013, 3:06 PM
    The dollar (UUP +1%) is soaring across the board (not just against the yen, where it's now spiked through ¥100 to ¥100.56). The greenback is threatening parity vs. the aussie (FXA -1.1%) for the first time since last summer, and the euro (FXE -1.1%), swissie (FXF -1.4%), loonie (FXC -0.5%), and pound (FXB -0.6%) are seeing sizable declines as well. Commodities? Red. Gold (GLD -1.1%), Silver (SLV -1.2%), Oil (USO -0.6%), Copper (JJC -0.8%).
    | May 9, 2013, 3:06 PM | 5 Comments
  • May 9, 2013, 4:52 AM
    Headline numbers obscure rising unemployment in resource-rich Western Australia, where the mining industry (which accounts for 20% of the country's GDP) is suffering from weaker economic growth in China and a stubbornly high aussie (FXA). The jobless rate in Western Australia rises to 5.25% in April from 4.8% in March, hitting its highest level since 2010 and jumping more than a full percentage point YTD. Meanwhile, the headline unemployment figure prints at 5.5% for April, down from 5.6% in March. Stocks in Sydney (EWA) creep slightly lower.
    | May 9, 2013, 4:52 AM | Comment!
  • May 8, 2013, 2:52 PM
    The recent selloff in commodities (DBC) is not a correction, says Stan Druckenmiller, now on stage at Ira Sohn, but instead the end of the supercycle. Avoid commodity markets - Brazil (EWZ, BRF, BRL), South Africa (EZA, SZR), Canada (EWC, FXC). "Frankly, I'd short the aussie (FXA)." His largest equity holding? "I can't imagine a better position than Google (GOOG)" - selling for 16x earnings and no exposure to China.
    | May 8, 2013, 2:52 PM | 4 Comments
  • May 7, 2013, 5:11 AM
    The Reserve Bank of Australia cuts rates for the seventh time in 18 months, taking the benchmark cash-rate down 25 basis points to a record low 2.75%, surprising some forecasters who expected the rate to remain unchanged. At 2.5%, inflation in Australia is within the central bank's target range and the strong aussie has weighed on mining companies who say it undermines their export competitiveness. The aussie (FXA) fell by more than half a cent against the dollar following the announcement.
    | May 7, 2013, 5:11 AM | 1 Comment
  • May 7, 2013, 4:37 AM
    In Japan, stocks (EWJ) come off a long weekend well-rested and promptly rally to near five-year highs as the Nikkei surges 3.55% on the back of Friday's strong U.S. jobs data. Meanwhile, Australia's central bank cut rates by 25 basis points, sending the aussie (FXA) down 0.6% to two month lows against the dollar.
    | May 7, 2013, 4:37 AM | 4 Comments
  • May 6, 2013, 7:53 AM
    Despite the big commodity rally Friday, the aussie (FXA) fell in early Sunday trade and hasn't gotten up, perhaps aided by rumors George Soros has launched a short. "Someone has picked a mark around $1.0270 and seems to be betting on a rate cut," says one trader. Among all major currencies, the aussie is notably weaker vs. the greenback, -0.7% at $1.0248.
    | May 6, 2013, 7:53 AM | Comment!
  • May 1, 2013, 2:55 PM
    CurrencyShares Australian Dollar Trust (FXA) announces monthly distribution of $0.1815. For shareholders of record May 03. Payable May 08. Ex-div date May 01.
    | May 1, 2013, 2:55 PM | Comment!
  • Apr. 29, 2013, 7:31 AM
    Precious metals continue their comeback tour, with the dollar (UUP) being lower across the board as good an excuse as any for buying this morning. GLD +1.1%, SLV +1.5% premarket. The greenback is particularly weak vs. the aussie (FXA), +0.6%.
    | Apr. 29, 2013, 7:31 AM | Comment!
  • Apr. 23, 2013, 12:26 PM
    Investor activity in the aussie has increased on down-moves and decreased on up-moves, signalling a clear preference to sell, says Barclays in a currency note. Weak economic data out of China has the aussie (FXA -0.1%) marginally lower today and near its weakest levels since last summer.
    | Apr. 23, 2013, 12:26 PM | Comment!
  • Apr. 15, 2013, 2:42 PM
    Another popular position unwound today is the yen short trade, with much of the move coming in the past 90 minutes. The dollar (UUP) is off a full 1% vs. the yen (FXY +1.2%), but surging against most all other units. Particularly noteworthy are the "commodity currencies" - the aussie (FXA -1.6%), the loonie (FXC -1%).
    | Apr. 15, 2013, 2:42 PM | 1 Comment
  • Apr. 14, 2013, 11:01 PM
    Chinese Q1 GDP growth disappoints, rising 7.7% Y/Y vs. 8% expected, and slowing from 7.9% in Q4. March industrial production misses expectations of 10% growth, rising just 8.9%. Retail sales, however, beats forecasts, rising 12.6% vs. 12.3% expected. Asia's taking a bit of a tumble, Shanghai -0.6%, and the Hang Seng -1.6%. The aussie (FXA) slides 0.6% to $1.0463.
    | Apr. 14, 2013, 11:01 PM | 13 Comments
  • Apr. 12, 2013, 7:41 AM
    The aussie (FXA) and the loonie (FXC) are about to get reserve currency status from the IMF which in Q3 will begin separately identifying them in official reserve holdings data. The move will allow the BOC and RBA to match the Fed, BOJ, and BOE in whatever monetary printing scheme they can conjure up. That's just a joke - the designation reflects a rise in international holdings of the 2 currencies.
    | Apr. 12, 2013, 7:41 AM | Comment!
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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