Seeking Alpha

CurrencyShares Australian Dollar Trust ETF (FXA)

  • Jul. 11, 2013, 2:01 AM
    Australia's unemployment rate rose to the highest in almost four years in June, increasing to 5.7% from 5.6% in May, although the number of people employed climbed by 10,300 on month. Full-time jobs -4,400, part-time employment +14,800. The "shallow uptrend in unemployment that's been in place for a while is continuing, consistent with an economy that's running below trend," says economist Michael Blythe. Shares (EWA) +1.2%, Australian dollar (FXA) +1.3% to $0.9295. (PR)
    | Comment!
  • Jul. 8, 2013, 9:35 AM
    The struggling loonie (FXC) should be about done going down and could rise back to parity with the greenback in 2014, according to CIBC. The loonie has slid along with the aussie (FXA) this year thanks to disappointing global growth and the fall in commodity prices, but that's where the comparison ends, says CIBC. The countries are at different stages of the business cycle and each with a different export focus: Oz is China, meaning iron ore and coal, and Canada more tied to oil, vehicles, parts, and machinery.
    | Comment!
  • Jul. 8, 2013, 8:41 AM
    The dollar (UUP) and the euro (FXE) should continue as the favored currencies among developed economies (they're currently #1 and #2 YTD), says UBS, thanks to stronger U.S. growth and eased political risk in the EU. Their gains will come at the expense of the safe-haven Swiss franc (FXF) and the commodity-linked aussie (FXA).
    | Comment!
  • Jul. 2, 2013, 2:01 AM
    As expected, the Reserve Bank of Australia has left its benchmark overnight cash-rate target at a record low of 2.75%, citing below-average growth at home and abroad. RBA Governor Glenn Stevens also noted that the Australian dollar remains high but could "depreciate further over time, which would help to foster a rebalancing of growth." Stevens reiterated that inflation could "provide some scope for further easing" if necessary. The Aussie (FXA) is -0.7% at $0.9175. (PR)
    | Comment!
  • Jul. 1, 2013, 8:28 PM
    CurrencyShares Australian Dollar Trust (FXA) announces monthly distribution of $0.1501. For shareholders of record July 03. Payable July 09. Ex-div date July 01.
    | Comment!
  • Jul. 1, 2013, 3:25 PM
    The cash squeeze in China was instigated in Beijing by a central bank grasping for some way to slow out-of-control credit growth, reports the WSJ, citing internal bank documents. With the panic subsided (for the moment), the finger-pointing begins, taking away from the question of what to do about what even Beijing leadership sees is a massive credit bubble. FXI continues near a 52-week low, and so do assets like the Aussie dollar (FXA), and miners VALE, RIO, and BHP Billiton (BHP, BBL).
    | Comment!
  • Jun. 26, 2013, 6:09 AM
    Australian Prime Minister Julia Gillard has lost a Labor Party leadership election to Kevin Rudd, who Gillard ousted three years ago in similar circumstances. Labor is heavily behind in the polls to the opposition Liberals ahead of a national election that has been scheduled for September. The Australian dollar (FXA) jumps and is +0.55% vs the USD at $0.9306.
    | Comment!
  • Jun. 20, 2013, 7:13 AM
    The disappearing Australian dollar: The aussie (FXA) slides another 0.8% to a 3-year low of $0.9214. This currency's one-way move since early April - now off 14 handles - may be more impressive than the yen's 2013 dive. The ASX 200 (EWA) takes no comfort, falling 2.1% overnight. The greenback continues higher against all currencies following Bernanke signaling the end of QE. UUP +0.8%, UDN -0.8% premarket. For leverage fans, there's UUPT, UDNT.
  • Jun. 13, 2013, 7:03 AM
    "One of the biggest economic bubbles in history is now about to go into the Minsky masher," writes SocGen professional bear Al Edwards of Australia (EWA, FXA), calling it a "leveraged time bomb waiting to blow." A slowing China and with it lower commodity demand are well known, but the domestic economy is just another in long (global) line of credit-fueled economic bubbles. Previous: His old partner Dylan Grice on Oz one year ago.
    | Comment!
  • Jun. 11, 2013, 7:47 AM
    The Australian dollar continues its sharp descent, hitting a near 3-year low with the most recent excuse for selling last night's weak home-loan approvals report. Short-term rate futures markets have priced in another 50 bps in rate cuts over the next year from an already record-low 2.75%. FXA -1.1% premarket and the ausse is buying  $0.9349. The decline may he helping Aussie shares (EWA) which rose 0.4% in the face of a big worldwide decline.
    | Comment!
  • Jun. 6, 2013, 12:28 PM
    Unusual given past patterns, the dollar (UUP -1.7%) is being unloaded across the board and in size along with stocks selling off. The euro (FXE +1.5%), cable (FXB +1.8%), the yen (FXY +3.1%), the aussie (FXA +1.1%), and the loonie (FXC +1.3%) are all sharply higher vs. the greenback. The Dow's now off 86 points.
  • Jun. 6, 2013, 8:14 AM
    Stand in line if you want to short the aussie (FXA), says BlackRock managing director Mike Trudel. If there are any prominent hedge funds long the currency, he hasn't spoken to them. The bear case on the aussie - slowing China, slowing domestic economy, RBA in rate cut mode, falling commodity prices - is well-known, perhaps too well-known. The aussie is off from about $1.06 two months ago to $0.9500 this morning.
    | Comment!
  • Jun. 5, 2013, 9:32 PM
    After opening down about 1% following the big decline in the U.S., the Nikkei quickly erases the loss and turns 1.1% higher in mid-morning trade. There's no bounce in Sydney (EWA) which sits at the day's low, off 1%. The aussie (FXA) falls 0.5% to its lowest level in more than a year, buying $0.9490. S&P 500 futures +0.25%.
    | Comment!
  • Jun. 5, 2013, 2:51 AM
    Australian Q1 GDP flat at 0.6% on quarter vs consensus of +0.8%. On year, GDP drops to 2.5% from 3.1% and misses expectations of 2.7%. With exports helping to drive growth, one economist says the figures highlight the weakness of domestic demand. Another says the reading shows that Australia's transition to growth led by non-resource industries as the mining boom peaks is still "fairly hesitant and slow," and would support another rate cut. The Aussie (FXA) is -0.2% vs the USD. (PR)
    | Comment!
  • Jun. 4, 2013, 1:51 AM
    As widely expected, the Reserve Bank of Australia has held its key overnight cash-rate target unchanged at a record low of 2.75%, but indicated that it could lower rates further after surprising markets in May with a cut. "The inflation outlook, as currently assessed, may provide some scope for further easing, should that be required to support demand," the RBA said. The Aussie (FXA) is -0.4% vs the U.S. dollar. (PR)
    | Comment!
  • Jun. 3, 2013, 1:51 PM
    CurrencyShares Australian Dollar Trust (FXA) announces monthly distribution of $0.1691. For shareholders of record June 05. Payable June 10. Ex-div date June 03.
    | Comment!
Visit Seeking Alpha's
FXA vs. ETF Alternatives
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
Find the right ETFs for your portfolio: Visit Seeking Alpha's ETF Hub