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CurrencyShares Australian Dollar Trust ETF (FXA)

  • 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%.
  • 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.
  • 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.
  • Jul. 13, 2011, 12:24 PM
    With the aussie back near all-time highs, some bet the currency could be getting set up for collapse. The biggest risk may be a slowdown in China, but the Aussie economy has its own troubles. Consumer confidence is sinking and high-end retailer David Jones tells of a "dramatic and rapid deterioration in trading conditions." FXA +1.7%.
  • Jul. 12, 2011, 10:51 PM
    Australian consumer confidence (pdf) plummets 8.3% in July as the EU debt crisis and a series of RBA rate hikes take their toll. "Such large falls have typically been associated with a major event ... Lehman, or recession fears," says Westpac economist Bill Evans. The aussie sinks nearly 0.5% before bouncing back on the strong China data.
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  • Jul. 10, 2011, 6:59 AM
    In comments bound to delight Euroskeptics - not - ECB chief Jean-Claude Trichet calls for an EU finance minister, although "it's not for tomorrow, it's for after tomorrow." The finance sector, meanwhile, probably won't be best pleased by Trichet's call for more regulation, "including (for) non-banking institutions."
  • Jul. 6, 2011, 11:55 PM
    Australian unemployment holds steady at 4.9% in June, but the number of jobs added comes in better than expected at 23.4K. A recent RBA warning of a slowing job market had markets braced for a weaker report. Red earlier, shares turn a bit higher, and the aussie jumps more than 0.5% to $1.0742.
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  • Jul. 6, 2011, 2:56 PM
    Not so long ago pricing in a continuing series of rate hikes, Australian STIR futures now assign the small chance of a cut at this month's meeting. Thoughts the RBA will downgrade its assessment of the economy were reinforced by Treasurer Swan's comments that the strong aussie is slowing everything other than the mining sector.
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  • Jul. 6, 2011, 9:10 AM
    Its booming mining sector facing massive labor shortages, Australia sends workforce development minister Peter Collier on a 10 day tour of the U.K. and Ireland to recruit workers. Labor issues have been one of the causes of delays and cost blowouts in major projects by Exxon (XOM) and BHP recently.
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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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