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CurrencyShares Australian Dollar Trust ETF (FXA)

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  • 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!
  • Nov. 1, 2013, 4:37 PM
    • CurrencyShares Australian Dollar Trust (FXA) announces monthly distribution of $0.1326.
    • For shareholders of record 05 Nov; Payable 08 Nov; Ex-div date 01 Nov.
    | Comment!
  • Oct. 23, 2013, 2:02 AM
    • Australian CPI +1.2% on quarter in Q3 vs +0.4% previously and consensus of +0.8%.
    • On year, CPI +2.2% vs +2.4% and +1.8%.
    • Transport prices rose 2.4% on quarter as fuel prices increased; housing costs +2%.
    • "It's still a story that inflation is subdued but perhaps it's not so much of a non-issue as markets have thought," says economist Besa Deda. "It makes the hurdle for an RBA cut a little higher and our expectation is that they won't cut any further, but will keep rates on hold for longer."
    • Interest rates are at a record low 2.5%.
    • S&P/ASX 200 -0.3%; AUD-USD -0.6% to $0.9654.
    • ETFs - Stocks: EWA, EWAS, KROO, AUSE, FAUS. Bonds: AUD, AUNZ. Currency: FXA, GDAY, CROC.
    | 1 Comment
  • Oct. 22, 2013, 8:59 AM
    • Precious metals get their tails up following the disappointing September jobs number, with gold and silver moving from slightly in the red to higher by more than 1%. After falling to almost $1,250 per ounce last week, gold is back to $1,329. GLD +1%, SLV +1.5% premarket.
    • The dollar slips across the board. UUP -0.25% premarket. Up 0.4% vs, the dollar currently, the aussie (FXA) is particularly noteworthy. It suffered a brutal bear market this spring and summer, falling from $1.06 all the way to about $0.88 amid worries about a slowdown at home and in major customer China. It's been heading higher since around Labor Day, however, as the RBA signals a pause in its monetary easing campaign and as the growth outlook for China becomes less dour.
    • Dollar ETFs: UUPT, UDN, UDNT.
    • Precious metals ETFs: GLD, IAU, SGOL, PHYS, AGOL, DGL, UBG, DGP, UGL, DZZ, GLL, DGZ, UGLD, DGLD, GLDISLV, SIVR, AGQ, DBS, USV, ZSL, USLV, DSLV, SLVO.
    | 4 Comments
  • Oct. 17, 2013, 9:21 AM
    | 2 Comments
  • Oct. 15, 2013, 7:04 AM
    • The aussie (FXA) pops to its highest level since after minutes from the RBA's October 1 policy meeting show the bank shifting to a more neutral bias going forward. "The effect of low interest rates was evident across a range of indicators and had further to run,” according to the release.
    • The bank on October 1 left its benchmark rate unchanged at a record-low 2.5% after cutting rates 225 basis points over the previous two years.
    • The aussie is ahead 0.4% to $0.9523.
    • Shares in Sydney (EWArose 1% overnight.
    | Comment!
  • Oct. 10, 2013, 3:28 AM
    • Australian unemployment nudged down to 5.6% in September from 5.8% in August and vs consensus of 5.8%.
    • The number of jobs rose by 9,100 vs a drop of 10,200, although the growth missed forecasts of +15,000.
    • "The chances of another rate cut this cycle continue to recede," says economist Craig James. "The main hope of another rate cut lies with an exceptionally strong Aussie dollar." (PR)
    • S&P/ASX 200 -0.1%; AUD-USD -0.3% to $0.9417.
    • ETFs - Stocks: EWA, EWAS, KROO, AUSE, FAUS. Bonds: AUD, AUNZ. Currency: FXA, GDAY, CROC.
    | Comment!
  • Oct. 2, 2013, 11:23 AM
    • CurrencyShares Australian Dollar Trust (FXA) announces monthly distribution of $0.1298.
    • For shareholders of record Oct 03; Payable Oct 08; Ex-div date Oct 01.
    | Comment!
  • Oct. 1, 2013, 3:00 AM
    • As expected, the Reserve Bank of Australia has left its cash-rate target at a record low of 2.5%, explaining that prior reductions are filtering into the wider economy and boosting asset prices.
    • The RBA continues to expect the economy to grow below trend as it "adjusts to lower levels of mining investment," and for inflation to remain in line with medium-term targets.
    • The AUD-USD is +1.1% at US$0.9422, while shares are -0.2%. (PR)
    • ETFs - Stocks: EWA, EWAS, KROO, AUSE, FAUS. Bonds: AUD, AUNZ. Currency: FXA, GDAY, CROC.
    | Comment!
  • Sep. 25, 2013, 7:39 AM
    • The famously bearish-on-China Jim Chanos and Goldman's former sunny BRIC evangelist Jim O'Neill spent half an hour talking China at a Bloomberg conference last night.
    • China will have a "credit event" in five years, says Chanos; the Chinese economy will double in five years to $16T (the size of the U.S.), says O'Neill.
    • I can't really argue with being short the 'old' China," says O'Neill. Any slowing of the economy is being done deliberately in order to shift from a focus on investment to one on consumption. The "new" China will lead to investment opportunity.
    • If you think the macro picture in China is ugly, wait until you look at he micro picture, says Chanos.
    • Among the points the two agree on is mining - the industry will face difficulties. Those countries (Brazil and Australia come to mind) with exposure to iron ore will be in trouble over the next 12 months, says Chanos.
    • Brazil ETFs: EWZ, BRF, EWZS, BRAF, BRXX, UBR, BZQ, BRAZ, BRAQ, BRZS, BRZU.
    • Aussie ETFs: EWA, EWAS, KROO, AUSE, FAUS, Bonds: AUD, AUNZ, FXA, GDAY, CROC.
    • China ETFS: FXI, GXC, PGJ, YAO, FCHI, PEK, CAF, YXI, XPP, FXP, MCHI, YINN, YANG, TCHI, CHXF, KFYPHAO, ECNS.
    | 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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