A survey of sixty central banks found 80% have or are considering investing in Australian dollars, flows out of the yen are finding their way to the Aussie, and Canadian pension funds just love Australian infrastructure.
Wall Street was back in rally mode last night, as if Friday’s weak jobs number never happened. Dow up 48. (Accessible only for subscribers before 10:15 AEST)
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Forex.com’s Kathleen Brooks oversees this week’s actions from central bankers around the world.
The yen crashed 3% last night on announced stimulus, while Wall Street put on a brave face against more weak data. Dow up 55. (Accessible only for subscribers before 10:15 AEDST)
Currency analysts at Commonwealth Bank don’t expect the Aussie to fall back below parity anytime soon.
Weak US data, an unnerving comment from a Fed president and a sudden appreciation of North Korean bellicosity sent Wall Street rushing for the exits last night. Dow down 111. (Accessible only for subscribers before 10:15 AEDST)
Wall Street doesn’t much care about North Korea, or Europe for that matter. Dow up 89. (Accessible only for subscribers before 10:15 AEDST)
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
The world was reminded last night Italy still has no government, while Cyprus has moved to limit money transfers ahead of bank re-openings. Dow down 37. (Accessible only for subscribers before 10:15 AEDST)