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CurrencyShares Australian Dollar Trust ETF (FXA)

  • Feb. 19, 2013, 8:44 AM
    The aussie (FXA) +0.3% after RBA minutes were a bit less dovish than expected. The meeting statement released 2 weeks ago hinted the RBA might soon being cutting rates again, but the minutes suggest the bank is satisfied the previous 175 points of rate cuts are still working their way through the system.
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  • Feb. 15, 2013, 10:54 AM
    The Australian dollar (FXA) is about to be next in a falling line of dominos, writes the WSJ's Bernard and Cignarella. First an emerging-market ETF (EMB) has turned down, now high yield ETFs have moved lower, and - if patterns hold - the aussie is next they say, pointing to a near-1 correlation between the two assets.
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  • Feb. 7, 2013, 4:02 PM
    A look beneath the hood of Schwab's (SCHW) recently unveiled lineup of 105 commission-free ETFs shows an impressive breadth of asset class coverage, including currency, physical metals and equal-weight sector ETFs not previously available for commission-free trading. Notably absent: iShares single country funds, 10 of which are available among the 101 ETFs TD Ameritrade (AMTD) offers commission-free.
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  • Feb. 6, 2013, 9:38 PM
    Australian employment rises by a greater-than-expected 10.4K jobs in January and the unemployment rate holds at 5.4%. It's the usual tale, with 30K positions in resource-rich Queensland being offset by a large decline in manufacturing-heavy Victoria. The aussie (FXA) remains near the year's low, buying $103.12. The ASX 200 (EWA) +0.3%.
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  • Feb. 5, 2013, 11:22 AM
    An update on the deflating Australian housing bubble finds sharply lower mortgage rates failing to restart demand, and developers resorting to all sorts of giveaways to lure buyers. Home sales in December fell 6.6% Y/Y, including an unexpected monthly decline in permits. "Affordability ... has improved, but people are worried about losing their jobs." The aussie continues lower as the RBA hints at more rate cuts. FXA -0.5%.
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  • Feb. 5, 2013, 8:27 AM
    The RBA left policy unchanged overnight, but hinted at future rate cuts, saying the outlook for inflation means "scope to ease policy further." Last week's PMI report showed a sharp contraction in Australian manufacturing activity. The aussie slid on the dovish RBA statement, -0.5% to $1.0390.
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  • Jan. 31, 2013, 10:56 PM
    Manufacturing swoons in Australia, with the January PMI sliding to 40.2 from 44.3 in December. New Orders led the way, diving 6.3 points to 39.4, and there's little letup in Input Prices, which continue to expand at 58.5. The news should refresh disappearing hopes for more rate cuts. The ASX 200 +0.9%, the aussie -0.2% to $1.0402.
  • Jan. 16, 2013, 11:15 PM
    Rate cuts are back on the table in Australia after the economy shed 5.5K jobs in December vs. expectations of a gain of 4.5K. It's the first negative print since August. All of the losses were in full-time employment, which lost 13.8K jobs, and the unemployment rate ticked up to 5.4%. The aussie is now buying $1.0502 vs. $1.0570 before the number. Stocks push close to a 2-year high, the ASX 200 +0.6%.
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  • Jan. 1, 2013, 7:50 PM
    Australia's December PMI holds steady at 44.3, remaining in contraction territory for the 10th consecutive month. Among the "inhibitors" cited by respondents is, of course, the persistent strength in the aussie. Sydney rises 0.7% in its first chance to react to the big rally Monday in the U.S. Australia Index Fund (EWA) +17.3% in 2012. Australian Dollar Trust (FXA) +1.5% in 2012, +40% since its 2006 inception.
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  • Dec. 18, 2012, 9:04 AM
    He's not there yet, but RBA Governor Glenn Stevens won't rule out significant intervention to cap or reverse the strength in the aussie. Should Australia's terms of trade continue to deteriorate, he says it would be "very surprising" if the aussie didn't being to slip on its own. The currency is little-changed this morning, buying $1.0533.
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  • Dec. 12, 2012, 12:11 PM
    RBA Governor Glenn Stevens - without naming names - takes a jab at the Fed, BOJ, ECB, and BOE, calling them out for blurring the distinction between fiscal and monetary policy. Invisible rates throughout the developed world continue to force money into the aussie - which yields a towering 3% - blocking the RBA's own efforts at devaluation.
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  • Dec. 6, 2012, 8:18 AM
    The aussie motors right through RBA Deputy Governor Philip Lowe's observation it is "uncomfortably high." He notes the currency's strength as a reason business confidence isn't picking up despite 175 bps in rate cuts. No doubt helping the aussie overnight was an unexpected drop in the unemployment rate to 5.2%. The aussie +0.4% to $1.0494.
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  • Dec. 4, 2012, 7:06 AM
    The aussie gains 0.5% to $1.0474 in the face of the RBA cutting rates to the record-low 3% they stood at during the financial crisis. What gives? Three percent may be low, but it towers over rates in other developed nations, so the aussie will continue as the favored "buy" part of the carry trade. Also, maybe it's another signal the commodity boom is just taking a breather.
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  • Dec. 4, 2012, 2:32 AM
    As largely expected, the RBA reduces its key interest rate by 25 bps to 3%, the lowest since the financial crisis in 2009, with the move reflecting the strong Australian dollar, wage pressures, projected mining investment and high unemployment. However, it's worth noting that country's four largest lenders have not passed on about a quarter of the RBA’s 1.5 percentage points of cuts since November last year.
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  • Nov. 20, 2012, 3:06 PM
    The aussie and the loonie are about to enter the big leagues with the IMF considering breaking the two currencies out from the "other" category in its Cofer data. Less than 2% before the financial crisis, the reserves in the "other" is now over 5%, with much of that apparently flowing into those two units. This happening amidst rising official calls for a weaker aussie is - in a word - interesting. A chart of FXA and FXC vs. the dollar index since January 2009.
  • Nov. 20, 2012, 8:41 AM
    Expect another rate cut in Australia as soon as next month as RBA minutes from November's meeting showed members ready to move then, but barely deciding to pause. In a speech last night, RBA Governor Stevens tilted dovish, again mentioning the pesky aussie, which refuses to turn lower. The aussie -0.3% at $1.0382.
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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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