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CurrencyShares Australian Dollar Trust ETF (FXA)

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  • Aug. 19, 2011, 7:15 AM
    With market volatility showing itself in equities, the currency markets are again subdued. There is little to report other than to those who expected a sustained "risk off" move to benefit the dollar vs. sterling, aussie, and loonie. The greenback is catching a bid against those units, but it's pretty marginal. UUP remains near a 52-week low.
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  • Aug. 18, 2011, 12:57 PM
    The move higher in the Swiss franc is played out, says Bob Noyen, whose hedge fund banked some money on out-of-the-money call options on the swissie. Expecting the ECB to resort to its own QE, he's got a new list of safe havens - the Czech koruna. the Swedish krona (FXS), as well as the commodity currencies (FXA), (FXC).
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  • Aug. 8, 2011, 10:21 PM
    Concerns over Australia's exposure to falling commodity prices pushes the Aussie dollar below parity, currently -2.3% at $0.994.
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  • Aug. 2, 2011, 9:50 PM
    Asian markets are sharply lower in early action following today's rout in Europe and the States. Australia -2.4%, Japan -2.2%, Hong Kong -2.5%, China H-shares -3.1%. The most interesting currency action is the aussie, continuing its plunge to stand at $1.0681 after threatening $1.11 a bit more than 24 hours ago.
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  • Aug. 2, 2011, 8:21 AM
    Morgan Stanley sees a 30% chance of recession in Australia in 2012 - the result of tight monetary and fiscal policies and a powering currency. The mining industry remains in its own (glorious) world - the rest of the economy, not so much. The RBA may have raised the white flag on interest rates last night.
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  • Aug. 2, 2011, 6:19 AM
    The Reserve Bank of Australia left interest rates unchanged at 4.75%, as expected, and called the move "prudent," especially "in view of the acute sense of uncertainty in global financial markets over recent weeks." Aussie -0.9% vs. the greenback. (RBA statement)
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  • Aug. 1, 2011, 1:01 PM
    With the greenback weak and sentiment overwhelmingly negative, Peter Brandt notes the chart structure of the dollar index today is nearly identical to the 2008 lows. "Tell me something bearish about the dollar today that I do not already know," says Brandt.
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  • Jul. 29, 2011, 8:45 AM
    A flat dollar index following the GDP report belies big action in currencies as the dollar plummets to new record lows vs. the swiss franc and (effectively) the yen. However - remember your correlations - the greenback rises sharply vs. the loonie and aussie.
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  • Jul. 27, 2011, 8:35 AM
    "Speculators have been burnt many times before," says a bank currency trader, warning the dollar's daily record lows vs. the yuan could soon provoke a response from the PBOC (not to mention the BOJ, SNB RBA, ECB, BOC, and Brazil).
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  • Jul. 27, 2011, 7:10 AM
    Australian inflation for Q2 rises 0.9% and 3.6% Y/Y, ahead of expectations. "A disaster for the market and those hoping for a near-term rate cut," says Goldman Sachs. The aussie skyrockets to a new record vs. the dollar and shares -0.8%, with banks and currency-sensitive stocks hit hardest.
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  • Jul. 26, 2011, 7:55 AM
    With the greenback getting hammered across the globe, conventional wisdom has the reason being worries about a U.S. default/downgrade. However dollar-based assets - equities and bonds -  are doing just fine. An alternative explanation: a Goldman report saying inflation be damned, economic weakness is about to bring more QE.
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  • Jul. 21, 2011, 7:22 AM
    The HSBC China flash PMI for July comes in at 48.9, showing contraction for the 1st time in a year, and the lowest reading in 28 months. Assets levered to hot Chinese growth - the Australian dollar and copper to name two - drop sharply on the news. Shanghai -1%.
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  • Jul. 20, 2011, 12:37 PM
    Euro strength "depends entirely on your vantage point," writes Ambrose Evans-Pritchard. The currency looks decent vs. the greenback, but has crashed vs. several currencies. An epic rally is in store for the euro should an EMU breakup - with one or more of the weak states leaving - occur.
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  • Jul. 19, 2011, 5:17 AM
    Australia's central bank decided it had "more time" to assess the global risk and inflation outlook, according to minutes released this morning from the RBA's July 5 meeting, and said it "would be prudent to use that time." Australia has kept its rate unchanged at 4.75% since Nov. 2010. Aussie dollar +0.8% vs. the greenback.
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  • Jul. 15, 2011, 7:11 AM
    Westpac reverses its call for higher rates in Australia, now saying it expects a series of rate cuts to commence by 2011's end. "Interest rates are too high ... given the state of the non-mining sectors and a downward adjustment is required to avert a damaging round of contraction." The aussie dives 1% on the news, now buying $1.0652.
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  • Jul. 14, 2011, 12:40 PM
    Like a chicken that's had its head chopped off and continues to run around before keeling over is how John Taylor sees the euro. In fact, the euro is only holding up against the greenback and the pound - 2 currencies that have their own issues. Measured against the franc, yen, aussie, loonie, gold ... the euro shows every sign of weakness.
    | 3 Comments
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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.
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Country: Australia
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