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CurrencyShares Australian Dollar Trust ETF (FXA)

  • Apr. 14, 2013, 11:01 PM
    Chinese Q1 GDP growth disappoints, rising 7.7% Y/Y vs. 8% expected, and slowing from 7.9% in Q4. March industrial production misses expectations of 10% growth, rising just 8.9%. Retail sales, however, beats forecasts, rising 12.6% vs. 12.3% expected. Asia's taking a bit of a tumble, Shanghai -0.6%, and the Hang Seng -1.6%. The aussie (FXA) slides 0.6% to $1.0463.
  • Apr. 12, 2013, 7:41 AM
    The aussie (FXA) and the loonie (FXC) are about to get reserve currency status from the IMF which in Q3 will begin separately identifying them in official reserve holdings data. The move will allow the BOC and RBA to match the Fed, BOJ, and BOE in whatever monetary printing scheme they can conjure up. That's just a joke - the designation reflects a rise in international holdings of the 2 currencies.
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  • Apr. 8, 2013, 3:23 AM
    The Australian dollar will this week become the third currency to trade directly with the yuan as China continues the internationalization of its currency. The country's central bank has granted ANZ (ANZBY.PK) and Westpac (WBK) the rights to trade in the dollar and renminbi. With China being Australia's largest trading partner and buying over 25% of its exports, the move should help cut trading costs.
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  • Apr. 3, 2013, 2:04 AM
    Reserve Bank of Australia Governor Glenn Stevens has been reappointed for another three years ahead of the end of his first seven-year term in September. Since taking on the role in 2006, Stevens helped Australia avoid recession during the global slump of 2008-2009 and kept inflation in check. Stevens is "widely seen as a strong central bank governor from a global perspective," says former RBA economist Paul Bloxham.
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  • Apr. 2, 2013, 2:53 AM
    As expected, the Reserve Bank of Australia has maintained its key interest rate unchanged at 3% for the third consecutive month, explaining that global growth is "forecast to be a little below average for a time, but the downside risks appear to be reduced." Employment expenses continue to contained "and businesses are focusing on lifting efficiency," the RBA said. "These trends should help to keep inflation low." (PR)
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  • Apr. 1, 2013, 4:46 PM
    CurrencyShares Australian Dollar Trust (FXA) announces monthly distribution of $0.1874. For shareholders of record Apr. 03. Payable Apr. 08. Ex-div date Apr. 01.
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  • Mar. 13, 2013, 9:34 PM
    A big jobs number out of Australia sends the aussie (FXA) to its highest level in 6 weeks, +0.8% to $1.0378. The country added 71.5K jobs in February, far greater than the 10K expected. The unemployment rate held steady at 5.4% vs. forecasts for 5.5%. The dashing of rate cut expectations is hitting shares (EWA), the ASX 200 -0.8%.
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  • Mar. 6, 2013, 1:57 AM
    Australian GDP climbs 3.6% in 2012, representing the strongest growth since 2007 and one of the best performances in the developed world as rising exports and resource investment offset a slump in manufacturing and construction. In Q4, GDP slips to +0.6% Q/Q from +0.7% in Q3 and vs consensus of +0.6%. On year, Q4 GDP stays at 3.1% vs consensus of 3%. The Aussie is +0.3% vs the USD. (PR)
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  • Mar. 5, 2013, 2:40 AM
    As expected, the Reserve Bank of Australia leaves its benchmark interest rate unchanged at 3% but says there is "scope to ease policy further" if necessary. "Tactically it pays the RBA to be dovish because it keeps monetary conditions loose, and should hold the Aussie dollar down somewhat," says HSBC economist Paul Bloxham.  Still, the Aussie is +0.35% vs the USD. (PR)
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  • Mar. 1, 2013, 10:35 AM
    CurrencyShares Australian Dollar Trust (FXA) announces monthly distribution of $0.1746. For shareholders of record Mar. 05. Payable Mar. 08. Ex-div date Mar. 01.
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  • Feb. 28, 2013, 10:45 AM
    The aussie (FXA) was overvalued by about 15%, the RBA believed in September, according to documents obtained by Bloomberg (it was in the $1.02-$1.06 level then vs. $1.0236 now). The papers also show the currency to be a popular one among central banks, with maybe 34 holding reserves in it.
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  • 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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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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