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Monday, January 24, 2011, 2:54 PM Those expecting the RBA to hold off on rate hikes because of the Queensland flooding may be disappointed. Far more influential will be the track of consumer prices and employment, both of which look strong as the commodity boom spurring Oz remains in force. 2 Comments [Global & FX]
Thursday, January 20, 2011, 4:18 PM Even as the RBA stays on hold, interest rates in Australia rise as overseas funding on which their banks rely gets pricier, putting a squeeze on lender profits and homeowners in one of the world's bubbliest markets. (WBK) -1.86%. (MQBKY.PK) -5.19%. (ANZBY.PK) -1.30%. (NABZY.PK) -1.37%. Comment! [Global & FX]
Thursday, January 20, 2011, 2:47 PM Hungry for yield and not finding it at home, Japanese investors take advantage of the strong yen to pour deposits into foreign currency accounts. "There's a comfort level with foreign currencies you don't find anywhere else in the world," says an FX broker. Favorites: the aussie, the real, and the rand. Comment! [Global & FX]
Wednesday, January 19, 2011, 11:44 AM "Buy on the cannons," advised Nathan Rothschild. Australian stocks are up 3%, outperforming even the mighty NASDAQ, since the first miner declared force majeure due to flooding in Queensland. The aussie hangs in as well, continuing to trade near an all-time high vs. the dollar. Comment! [Global & FX]
Thursday, January 13, 2011, 8:21 AM Bits of normalized life return to the capital of Queensland as flood waters in Brisbane peak well below feared "catastrophic" levels. Australia is not out of the woods yet, as miners continue to declare force majeure on deliveries and the rainy season stays until March. Sydney +1.44%. Aussie +0.38%. Comment! [Global & FX]
Wednesday, January 12, 2011, 7:45 AM "If you look at the infrastructure damage ... a hit to the economy of 1% is not out of the question," says RBA member Warwick McKibbin about the Australian flooding. Aussie futures markets have been paring back expectations for rate increases. Sydney +0.35%. Aussie buys $0.9988. Comment! [Global & FX]
Tuesday, January 11, 2011, 7:32 AM Australian shares hang in there, but the aussie sinks as worsening flooding in Queensland forces an evacuation of Brisbane. Hardest hit are insurers exposed to the flood damage, but diversified miners like (BHP) and (RIO) are seeing no erosion to their value. Australia -0.08%. Aussie -1.0%. Comment! [Global & FX]
Monday, January 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. Comment! [Global & FX]
Wednesday, January 5, 2011, 10:02 AM The dollar rally picks up steam following the blowout ADP number and volatility (VXX), continues to migrate from stocks to currencies. The euro, swinging more than 200 pips from its high, now buys $1.3143, -1.24%. Yen -1.34%. Sterling -0.62%. Aussie -0.88%. Comment! [Global & FX]
Monday, January 3, 2011, 6:30 PM Calling the need to import high-grade coal and iron ore China's Achilles' heel, Jack Barnes sees a Black Swan in the Aussie floods ... the restriction in coal supply creating an even greater wave of inflation, provoking a much stronger response, and ultimately a hard-landing for the Chinese economy. 19 Comments [Global & FX]
Friday, December 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. 1 Comment [Global & FX]
Monday, December 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. Comment! [Global & FX]
Monday, December 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. 2 Comments [Global & FX]
Tuesday, December 21, 2010, 12:42 PM The vulnerability of the euro has players moving away from the dollar and yen as usual funding currencies for carry trades. One favorite is borrowing euros at 1% to buy the Aussie yielding 5%. It's not just speculators looking to the Aussie as a safe place to reach for yield. Comment! [Global & FX]
Monday, December 20, 2010, 11:57 AM Growth forecasts for China of 9% need to come down a lot further. Michael Pettis argues that even the 6%-7% range being whispered by Chinese officials is too optimistic - not a disaster for China or the world, but non-food commodity exporters will get stung. Comment! [Global & FX]
Wednesday, December 15, 2010, 2:57 PM Stocks may not have gotten the news (yet), but it's looking like a 'risk off' day. European equities are down, bond spreads are widening, the dollar is surging and commodities are falling. Things are getting ugly in the treasury market again. The 10 year yields 3.56%. 3 Comments [Global & FX]

FXA CurrencyShares Australian Dollar Trust ETF

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CurrencyShares Australian Dollar Trust ETF