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CurrencyShares Australian Dollar Trust ETF (FXA)

  • 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 | Comment!
  • 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 | Comment!
  • 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
  • Sep. 6, 2011, 9:41 AM
    The Reserve Bank of Australia keeps its benchmark cash rate at 4.75% and maintains current monetary policy. After taking a look at the global scene, the Aussie central bank notes, "uncertainty and financial volatility is reducing confidence and may result in more cautious behavior by firms and households in major countries.
    | Sep. 6, 2011, 9:41 AM | Comment!
  • Sep. 1, 2011, 7:22 AM
    Australia gets mixed economic data as retail sales pop a better-than-expected 0.5% in July following 2 months of declines. However, the manufacturing sector continues to contract, the August PMI falling to 43.3 from 43.4 previously. The aussie is flat at $1.07.
    | Sep. 1, 2011, 7:22 AM | Comment!
  • Aug. 26, 2011, 7:49 AM
    A risk currency performing relatively well during this "risk-off" period is the Aussie dollar. It received another boost last night as RBA Gov Stevens dashed hopes of an imminent rate cut, telling lawmakers "inflation bears careful watching." Still, Aussie STIR futures continue to price in 50 bps in cuts before year's end. Aussie +0.7%.
    | Aug. 26, 2011, 7:49 AM | Comment!
  • Aug. 23, 2011, 7:48 AM
    The description of a speculation gone wrong - "It has to feel like a long-term investment" - comes to Australian property, where the once-bubbly market has tipped into widespread price declines. The mortgage delinquency rate hits an all-time high of 1.8% (it's 8.4% in the U.S.).
    | Aug. 23, 2011, 7:48 AM | Comment!
  • 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.
    | Aug. 19, 2011, 7:15 AM | Comment!
  • 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).
    | Aug. 18, 2011, 12:57 PM | Comment!
  • 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.
    | Aug. 8, 2011, 10:21 PM | Comment!
  • 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.
    | Aug. 2, 2011, 9:50 PM | Comment!
  • 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.
    | Aug. 2, 2011, 8:21 AM | Comment!
  • 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)
    | Aug. 2, 2011, 6:19 AM | Comment!
  • 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.
    | Aug. 1, 2011, 1:01 PM | 1 Comment
  • 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.
    | Jul. 29, 2011, 8:45 AM | 1 Comment
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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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