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CurrencyShares Australian Dollar Trust ETF (FXA)

- NYSEARCA
  • 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!
  • Apr. 10, 2014, 7:53 AM
    • The aussie (FXA) continues a nice run higher after Australia adds 18.1K jobs in March, far better than the 5K increase expected, and following the 48K gain in February. The unemployment rate fell to 5.8% vs. forecasts for 6%.
    • Calling the details of the report "messy," economist Shane Oliver says the picture is still broadly positive. "It's probably best to focus on the trend and it is showing monthly jobs growth of around 14,000 and unemployment rising only very slowly."
    • Goldman's a bit more cautious, characterizing the better numbers only as "stabilization."
    • The aussie is ahead 0.5% and buying $0.9434. Sydney gained 0.3% overnight.
    • ETFs: FXA, EWA, AUSE, CROC, KROO, EWAS, GDAY, FAUS
    | Comment!
  • Apr. 9, 2014, 2:21 PM
    • The greenback hits session lows across the board following the dovish tilt to the FOMC minutes, with the takeaway being members seemed in less of a hurry to hike rates than the spin following the policy statement and Yellen press conference that day in mid-March.
    • Higher on the session are the euro (FXE +0.4%), pound (FXB +0.1%), swissie (FXF +0.1%), aussie (FXA +0.2%), and loonie (FXC +0.4%). Flat on the session after being down earlier is the yen (FXY -0.2%).
    • UUP -0.3%
    • Dollar ETFs: UUP, UDN, DBV, FORX, UDNT, UUPT, USDU
    • Related currency ETFs: FXE, FXY, FXA, EUO, YCS, FXB, ERO, JYN, GBB, DRR, CROC, YCL, EUFX, ULE, URR, GDAY
    | Comment!
  • Apr. 1, 2014, 12:30 PM
    • CurrencyShares Australian Dollar Trust (FXA) announces monthly distribution of $0.1447.
    • For shareholders of record 03 Apr; Payable 08 Apr; Ex-div date 01 Apr.
    | Comment!
  • Apr. 1, 2014, 2:22 AM
    • The Reserve Bank of Australia has left its overnight cash-rate target at a record low of 2.5%, as anticipated, and again indicated that it expects a "period of stability in interest rates."
    • "The decline in the exchange rate from its highs a year ago will assist in achieving balanced growth in the economy, but less so than previously as a result of the rise over the past few months," said RBA Governor Glenn Stevens.
    • The S&P/ASX 200 closes -0.1%, while the Australian dollar is +0.1% at $0.9272. (PR)
    • ETFs: FXA, EWA, AUD, AUSE, CROC, AUNZ, KROO, EWAS, GDAY, FAUS
    | Comment!
  • Mar. 19, 2014, 3:39 PM
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  • Mar. 13, 2014, 3:31 AM
    • The number of full-time Australian jobs has risen by the largest amount since 1991, jumping by 80,500 in February vs just 2,700 in January. The increase is also the second-largest ever and indicates that the central bank's policy of record-low interest rates is having an impact.
    • The overall number of jobs increased by 47,300 vs 18,000 previously and consensus that was 18,000 also.
    • The number of part-time jobs fell by 33,200 vs growth of 3,400 in January.
    • As expected, the unemployment rate held stead at 6%.
    • The "super strong result" should ease concerns about the labor market, says economist Savanth Sebastian. "Central bank policy makers are comfortable with the way the recovery is panning out. The housing recovery continues to gather momentum, while rising wealth levels are supporting confidence."
    • The S&P/ASX 200 rose 0.5%, while the Australian dollar is +0.8% at $0.9063.
    • ETFs: FXA, EWA, AUD, AUSE, CROC, AUNZ, KROO, EWAS, GDAY, FAUS
    | Comment!
  • Mar. 10, 2014, 10:45 AM
    • The 8.3% dive in the price of iron ore to $104.70 per ton is the 2nd largest one-day decline on record, and came following weekend data showing an 18.1% Y/Y slump in Chinese exports in February (a gain of 7.5% was expected). While miners like BHP and RIO remain optimistic about supply/demand dynamics (though dour on price prospects), Goldman - picking one analyst team - sees the market moving into surplus in H2 and prices falling below $100 per ton.
    • The Shanghai Composite fell 2.9% overnight and Brazil's Bovespa is down 2% in the early-going. Australia (EWAdeclined 0.9% and the aussie (FXA) is off 0.6% to $0.9017.
    • The steelmaking ingredient is off 22% YTD and at its lowest price since October 2012.
    • In the meantime, the rumors are flying, including speculation a mill in China's Shanxi province defaulted on Friday and shut five to six furnaces. There's also chatter about banks looking to call in 20% of loans to private steel companies.
    • EWZ -2.1%, VALE -2.8%.
    • Brazil ETFs: EWZ, BRF, BRXX, EWZS, BRAQ, BRAZ, BZQ, BRZU, BRAF, UBR, BRZS, DBBR, FBZ
    • Base metal mining ETFs: XME, JUNR, PICK
    | 1 Comment
  • Mar. 5, 2014, 2:43 AM
    • Australia's GDP grew 0.8% on quarter in Q4 after expanding 0.6% in Q3 and topped consensus of +0.7%, lifted by increased household spending and lower savings.
    • On year, GDP +2.8% vs +2.3% and +2.5%.
    • The message from the data is that the "rebalancing act" away from mining "is under way," says HSBC economist Paul Bloxham.
    • "The Australian economy hasn't fallen in a heap since mining investment peaked," says Moody's Analytics economist Katrina Ell. "Further gains are likely as the monetary stimulus continues to filter through."
    • The S&P/ASX 200 is +0.85%, while the Australian dollar is +0.2% at $0.8973. (PR)
    • ETFs: FXA, EWA, AUD, AUSE, CROC, AUNZ, KROO, EWAS, GDAY, FAUS
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  • Mar. 4, 2014, 3:25 AM
    • As expected, the Reserve Bank of Australia has held its key cash rate at 2.5% for the seventh month in a row and indicated that it will continue the policy amid high unemployment.
    • "On present indications the most prudent course is likely to be a period of stability in interest rates," Governor Glenn Stevens said in a statement. "The bank expects unemployment to rise further before it peaks," he added.
    • The jobless rate is at a 10-year high of 6%.
    • The S&P/ASX 200 is +0.3%, while the Australian dollar is +0.2% to $0.895. (PR)
    • ETFs: FXA, EWA, AUD, AUSE, CROC, AUNZ, KROO, EWAS, GDAY, FAUS
    | Comment!
  • Feb. 4, 2014, 4:55 AM
    • As expected, the Reserve Bank of Australia has held its key cash rate at 2.5% and it has indicated the end of a two-year easing cycle.
    • "The most prudent course is likely to be a period of stability in interest rates," RBA Governor Glenn Stevens said in a statement. The Australian dollar's decline "will assist in achieving balanced growth," said Stevens, who left out references from past statements that the Aussie was "uncomfortably high."
    • Stevens expressed increased confidence in consumer demand and housing construction, and said he expects growth to strengthen beyond the short term, helped by low rates and the softer currency.
    • The S&P/ASX 200 closed -1.75%, although the Aussie has jumped 1.7% to $0.89. (PR)
    • ETFs: FXA, EWA, AUSE, CROC, KROO, GDAY, EWAS, FAUS
    | 1 Comment
  • Jan. 22, 2014, 2:33 AM
    • Australian CPI eased to +0.8% on quarter in Q4 from +1.2% in Q3 but came in above consensus of +0.5%.
    • On year, inflation rose to 2.7% from 2.2% and also topped forecasts of 2.5%. The latest figure compares with the Reserve Bank of Australia's target of 2-3% and so may reduce the scope of the RBA to further cut rates.
    • Core CPI +0.9% vs +0.7% and +0.6%. On year, core inflation +2.6%.
    • Increases in the cost of recreation, alcohol, tobacco and food led the rise in inflation, although the prices of clothing and footwear and health-related items fell.
    • The S&P/ASX 200 is -0.2% and the AUD-USD is +0.8% at $0.8875. (PR)
    • ETFs: FXA, EWA, AUD, AUSE, CROC, KROO, GDAY, EWAS, FAUS
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  • Jan. 17, 2014, 4:18 PM
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  • Jan. 16, 2014, 4:28 AM
    • As expected, Australia's jobless rate was unchanged at 5.8% in December.
    • However, the number of people in employment fell by 22,600 after a rise 15,400 in November and badly missed consensus for an increase of 7,500.
    • The number of full-time jobs plummeted by 31,600 following an increase of 10,500, while that for part-time positions grew 9,500 vs +5,500.
    • The Australian dollar is -1.45% at $0.8786, although mining stocks helped lift the S&P/ASX 200 by 1.2% despite the disappointing figures. (PR)
    • ETFs: FXA, EWA, AUD, AUSE, CROC, KROO, EWAS, GDAY, FAUS
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  • Jan. 10, 2014, 10:05 AM
    | 1 Comment
  • Jan. 2, 2014, 7:11 AM
    • CurrencyShares Australian Dollar Trust (FXA) announces monthly distribution of $0.1325.
    • For shareholders of record 06 Jan; Payable 09 Jan; Ex-div date 02 Jan.
    | 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.
See more details on sponsor's website
Country: Australia
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