Seeking Alpha
 

CurrencyShares Australian Dollar Trust ETF (FXA)

- NYSEARCA
  • Fri, Jan. 9, 3:09 PM
    • Revising its forecast for a number of currency pairs to reflect what it believes will be a prolonged run  higher for the dollar, Goldman sees the euro (NYSEARCA:FXE) reaching parity with the greenback by Jan. 2017, and falling to as low as $0.90 a year later.
    • One other notable move is for the aussie (NYSEARCA:FXA), and the team now expects it to weaken to $0.75 by year's end vs. the previous forecast of $0.79. Alongside that expectation, naturally, is the forecast that commodity prices will continue to weaken.
    • U.S. dollar ETFs: UUP, UDN, UUPT, FORX, UDNT, USDU
    | 2 Comments
  • Dec. 1, 2014, 10:56 AM
    • CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) announces monthly distribution of $0.1301.
    • Payable Dec. 8; for shareholders of record Dec. 3; ex-Div. Dec. 1.
    | Comment!
  • Nov. 3, 2014, 1:47 PM
    • CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) announces monthly distribution of $0.1327.
    • Payable Nov 10; for shareholders of record Nov 5; ex-Div. Nov 3.
    | Comment!
  • Oct. 29, 2014, 2:30 PM
    • While the statement - an end to QE, retention of the "considerable time" language, chatter about improving employment -wasn't much a surprise, the fact that the dissent came from the dove camp suggests perhaps there was a bit more hawkishness in the conference room than past meetings.
    • In any case, while stocks and longer-dated rates have a relatively subdued reaction, money is moving into the greenback (UUP +0.7%), with the euro (FXE -0.7%), yen (FXY -0.7%), pound (FXB -0.2%), Swiss franc (FXF -0.6%), loonie (FXC -0.4%), and aussie (FXA -0.6%) all considerably lower than they were 30 minutes ago.
    • ETFs: FXE, UUP, FXY, EUO, FXA, YCS, UDN, ERO, JYN, DRR, CROC, FORX, UUPT, UDNT, YCL, EUFX, ULE, USDU, URR, GDAY
    • Previously: QE ends, "considerable time" language stays for now
    | Comment!
  • Oct. 6, 2014, 3:49 PM
    | 2 Comments
  • Oct. 1, 2014, 9:43 AM
    • CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) announces monthly distribution of $0.1356.
    • Payable Oct. 8; for shareholders of record Oct. 3; ex-Div. Oct. 1.
    | Comment!
  • Sep. 22, 2014, 11:22 AM
    • Iron ore slumped to a new five-year low overnight as China's finance minster said not to expect anything major from Beijing to counter a recent string of weak economic data.
    • “The Chinese government is signaling it won’t be very aggressive in stimulating growth, and that’s scaring investors,” says a hedge funder in Rio, though it'll be upcoming elections as the main driver for the Bovespa.
    • The ASX (NYSEARCA:EWA) fell 1.3% in Sydney, and the aussie (NYSEARCA:FXA) is off 0.7% to $0.8865. Brazil's Bovespa is lower by 2.2%, led by Vale (VALE -4.2%).
    • Brazilian banks: Banco Bradesco (BBD -1.8%), Banco Santander Brasil (BSBR -0.6%), Itau Unibanco (ITUB -2.3%).
    • The iShares MSCI Brazil Index ETF (EWZ -2.7%)
    • Brazil ETFs: EWZ, BRF, BRXX, EWZS, BRAQ, BRZU, BRAZ, BZQ, BRAF, UBR, BRZS, DBBR, FBZ
    | 1 Comment
  • Sep. 2, 2014, 7:34 AM
    • CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) announces monthly distribution of $0.144.
    • Payable Sept. 9; for shareholders of record Sept. 4; ex-Div. Sept. 2.
    | Comment!
  • Aug. 1, 2014, 2:36 PM
    • CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) announces monthly distribution of $0.1450.
    • Payable Aug 8; for shareholders of record Aug 5; ex-Div. Aug 1.
    | Comment!
  • Jul. 1, 2014, 11:32 AM
    • CurrencyShares Australian Dollar Trust (FXA) announces monthly distribution of $0.1501.
    • Payable July 9; for shareholders of record July 3; ex-Div. July 1.
    | Comment!
  • Jun. 12, 2014, 7:41 AM
    • "The tide has turned for aussie (FXA) now that the Japanese have come back to the market,” says Geoffrey Kendrick, Morgan's chief of currency and interest rate strategy for Asia. "Their switch back into Aussie bonds signals a turn in global long-term investor sentiment."
    • The team at Morgan expects this Japanese demand to push the aussie to parity against the greenback for the first time in more than a year, extending a 5.3% advance it's already made YTD. It can be labeled a contrarian call, given the median forecast in a Bloomberg survey is for the aussie to slip to $0.89 by year's end.
    • Key for Morgan is the Reserve Bank of Australia's decision to stop cutting interest rates. With the benchmark overnight rate at 2.5% and 10-year government paper at 3.82%, Australia is drawing big money from Japanese investors craving yield of any sort.
    • Equity ETFs: EWA, AUSE, FAUS
    | Comment!
  • Jun. 4, 2014, 6:38 AM
    • "It's still too early to break out the champagne," says AMP Capital's Shane Oliver after Australia's Q1 GDP rose 1.1% Q/Q and 3.5% Y/Y, both beating forecasts and coming in at the quickest pace in two years. "Growth will not be sustained at this pace for the next few quarters."
    • The slowdown in Oz over the past couple of years has come about thanks to a downturn in the mining industry as demand from Asia (China) slows, and the central bank has slashed interest rates to a record-low 2.5% in response.
    • "FIve minutes of economic sunlight," is how Deutsche chief economist Adam Boyton describes the GDP report, expecting the mining investment slowdown to continue to be a drag.
    • The aussie is up 0.1% to $0.9273 and stocks in Sydney closed lower by 0.6%.
    • ETFs: FXA, EWA, AUSE, CROC, GDAY, FAUS
    | Comment!
  • Jun. 2, 2014, 2:23 PM
    • CurrencyShares Australian Dollar Trust ETF (FXA) announces monthly distribution of $0.1409.
    • For shareholders of record June 4; Payable June 9; Ex-div date June 2.
    | Comment!
  • May. 8, 2014, 4:07 AM
    • Australia's jobless rate held steady at 5.8% in April and came in just below consensus of 5.9%.
    • The number of people in work climbed 14,200 after rising 22,000 a month earlier and topped consensus of +6,750.
    • The number of full-time jobs rose 14,200 following a drop of 22,800, while that for part-time positions was flat vs +40,200.
    • The participation rate slipped to 64.7% from 64.8%.
    • The increased number of jobs comes after the Reserve Bank of Australia left its benchmark interest rate at a record-low 2.5% this week amid slowing inflation and ahead of expected cuts in government spending.
    • The S&P/ASX 200 is +0.75%, while the AUD-USD is +0.6% at $0.9381. (PR)
    • ETFs: FXA, EWA, AUD, AUSE, CROC, AUNZ, KROO, EWAS, GDAY, FAUS
    | Comment!
  • May. 1, 2014, 7:20 PM
    • CurrencyShares Australian Dollar Trust (FXA) announces monthly distribution of $0.1407.
    • For shareholders of record 05 May; Payable 08 May; Ex-div date 01 May.
    | Comment!
  • Apr. 23, 2014, 2:31 AM
    • Australian CPI eased to +0.6% on quarter in Q1 from +0.8% in Q4 and came in below consensus that was also +0.8%.
    • On year, inflation rose to 2.9% from 2.7% but was below forecasts of 3.2%. The latest figure compares with the Reserve Bank of Australia's target of 2-3%.
    • Core CPI +0.5% on quarter vs +0.9% and +0.7%. On year, core inflation +2.6% vs +2.6% and +2.9%.
    • The low inflation could cool speculation that the Reserve Bank of Australia may raise interest rates from a record low of 2.5%, especially with house prices surging and amid the prospect of a looming building boom.
    • "The Reserve Bank can comfortably keep interest rates at exceptionally low levels over the near term," says economist Savanth Sebastian. "Whichever way you cut it, inflation is well and truly in check."
    • The S&P/ASX 200 is +0.7% and the AUD-USD is -0.9% at $0.9285. (PR)
    • ETFs: FXA, EWA, AUD, AUSE, CROC, AUNZ, KROO, EWAS, GDAY, FAUS
    | Comment!
FXA vs. ETF Alternatives
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
ETF Hub
Find the right ETFs for your portfolio: Seeking Alpha's new ETF Hub