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CurrencyShares Australian Dollar Trust ETF (FXA)

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  • 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
    | Comment!
  • 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
    | Comment!
  • Jan. 17, 2014, 4:18 PM
    | Comment!
  • 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
    | Comment!
  • 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!
  • Dec. 17, 2013, 3:02 AM
    • Australia's conservative government has forecast a budget deficit of A$47B (U.S. $42.3B) in the year ending June 30, well above a projection in August by the previous Labor government of A$30.1B.
    • Treasurer Joe Hockey said returning to sustainable surpluses would take at least a decade, and would "require a sustained and fundamental structural overhaul of expenditure."
    • Hockey left a prediction for GDP growth of 2.5% unchanged, but said unemployment would rise to 6% vs a previous forecast of 6.25% and 5.8% in November.
    • The S&P/ASX 200 is +0.3% and the AUD-USD is -1% at $0.8941.
    • ETFs: FXA, EWA, AUD, AUSE, CROC, KROO, EWAS, GDAY, FAUS
    | Comment!
  • Dec. 12, 2013, 2:32 AM
    • As expected, Australia's jobless rate edged up to 5.8% in November from 5.7% in October as more people entered the labor force.
    • However, the number of people in work rose by 21,000 - the largest increase in seven months - after a fall of 700 and topped consensus of 10,000.
    • The number of full-time jobs increased by 15,500 following a drop of 31,100, while that for part-time positions grew 5,500 vs +28,900.
    • The S&P/ASX 200 is -0.7%, while the AUD-USD is -0.3%. (PR)
    • ETFs: FXA, EWA, AUD, AUSE, CROC, KROO, EWAS, GDAY, FAUS
    | Comment!
  • Dec. 2, 2013, 11:36 PM
    • Australia stands pat, holding its key interest rate at 2.5%.
    • The aussie is “still uncomfortably high,” the RBA says, adding that "a lower level of the exchange rate is likely to be needed to achieve balanced growth."
    • "The economy has been growing a bit below trend over the past year and the unemployment rate has edged higher," Governor Glenn Stevens notes, before predicting that this dynamic "is likely to persist in the near term, as the economy adjusts to lower levels of mining investment."
    • The aussie weakened on the news, trading down 0.3% against the greenback.
    • RBA press release
    • ETFs: FXA, EWA, AUD, AUSE, CROC, KROO, EWAS, GDAY, FAUS
    | Comment!
  • Dec. 2, 2013, 8:18 AM
    • CurrencyShares Australian Dollar Trust (FXA) announces monthly distribution of $0.12.
    • For shareholders of record 04 Dec; Payable 09 Dec; Ex-div date 02 Dec.
    | Comment!
  • Nov. 25, 2013, 11:07 AM
    • The rollout of Goldman's top trade ideas for 2014 begins with a Gartmanesque long S&P 500 (SPY)/short Australian dollar (FXA) recommendation. Bullish on equities, Goldman finds a perfect counter in the aussie, which - the team notes - has increasingly become negatively correlated with U.S. interest rates.
    • The aussie also has its own headwinds - a slowing domestic economy and at least one more rate cut coming from the RBA. The end-of-2014 forecast by Goldman is $0.85 vs. todays $0.9153 (it was $1.06 about 7 months ago).
    • S&P 500 ETFs: SPY, SH, SSO, SDS, IVV, SPXU, UPRO, VOO, RSP, RWL, EPS, BXUB, TRND, SFLA, BXUC, BXDB
    | 2 Comments
  • Nov. 8, 2013, 8:57 AM
    | 26 Comments
  • Nov. 7, 2013, 4:50 AM
    • As expected, Australia's unemployment rate held steady at 5.7% in October.
    • Employment rose by 1,100 workers, down from +3,300 in September and way below expectations of +10,000.
    • Full-time employment slumped by 27,900 vs -1,800 prior, while part-time employment increased by 28,900 vs a rise of 5,200.
    • The jobs report "keeps that easing bias in place," says economist Michael Blythe, who was referring to the Reserve Bank of Australia's monetary policy.
    • The AUD-USD is -0.4% to $0.9486, while the S&P/ASX 200 is -0.2%. (PR)
    • ETFs - Stocks: EWA, EWAS, KROO, AUSE, FAUS. Bonds: AUD, AUNZ. Currency: FXA, GDAY, CROC.
    | Comment!
  • Nov. 5, 2013, 2:50 AM
    • As expected, the Reserve Bank of Australia has left its key overnight cash-rate target at a record low of 2.5%.
    • RBA Governor Glenn Stevens said the Australian dollar is "uncomfortably high" and needs to fall for the country to achieve balanced growth.
    • "The RBA is certainly using stronger language," says HSBC economist Paul Bloxham. "I think they're really trying to jawbone the Aussie dollar lower if they can.
    • Still, markets don't expect a rate move in the next half year, especially with low borrowing costs boosting house prices.
    • The AUD-USD is -0.3% to $0.9483, while the S&P/ASX 200 is +0.8%. (PR)
    • ETFs - Stocks: EWA, EWAS, KROO, AUSE, FAUS. Bonds: AUD, AUNZ. Currency: FXA, GDAY, CROC.
    | 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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