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FOREX - AUSTRALIAN DOLLAR OPENS WEAKER - SEPT 3, 2007.
SYDNEY, Sep 3 Asia Pulse - The Australian dollar opened weaker today on the back of an unwinding in carry trades.
At 0700 AEST, the Australian dollar was trading at .8159/63, compared to Friday's close of 0.8244/45.
Over the weekend, it traded between a low of $US0.8107 and a high of 0.8251.
RBC Capital Markets senior currency strategist Sue Trinh said the Aussie dollar lost ground after US Federal Reserve chairman Ben Bernanke failed to give a clear signal on Friday that the Fed would soon cut interest rates.
Mr Bernanke's failure to spell out the Fed's plans prompted an unwinding in carry trade and the Australian dollar suffered as a result.
"Heading in to the London and New York sessions on Friday it was expected by many that Fed chairman Bernanke would reiterate the White House's announcement during the Asian time zone of plans to ...
- FOREX - AUSTRALIAN DOLLAR ENDS STRONGER - MAY 14, 2007.
- News wire article from: AsiaPulse News May 14, 2007 700+ words
SYDNEY, May 14 Asia Pulse - The Australian dollar ended stronger today after commodity price...8349 during the local session. Buying of the Australian dollar linked to carry trade activity had given the domestic unit a boost...
- FOREX - AUSTRALIAN DOLLAR OPENS WEAKER - AUG 6, 2007.
- News wire article from: AsiaPulse News August 6, 2007 700+ words
...0700 AEST, the Australian dollar was trading at...Hampton said the Australian dollar was hit by further carry trade liquidation as...currencies like the Australian dollar and New Zealand...expect with the carry trade unwinding...
- FOREX - AUSTRALIAN DOLLAR CLOSES STRONGER - APRIL 20, 2007.
- News wire article from: AsiaPulse News April 20, 2007 700+ words
...April 20 Asia Pulse - The Australian dollar closed stronger today as...interest rates. Meanwhile, carry trade activity pick up today...yielding currencies such the Australian dollar. "We've seen the carry trade come back on," Mr Whiting...
- FOREX - AUSTRALIAN DOLLAR OPENS FIRMER - NOV 21, 2006.
- News wire article from: AsiaPulse News November 21, 2006 700+ words
...she said. Meanwhile, the carry trade remains favourable as seen in the strong demand for Australian dollar-denominated Uridashi bonds. "The favourable carry trade is giving the Australian dollar a boost and helping offset...
- FOREX - AUSTRALIAN DOLLAR OPENS HIGHER - JUNE 25, 2007.
- News wire article from: AsiaPulse News June 25, 2007 700+ words
...Pontikis, said the Australian dollar was confined within...Mr Pontikis said the Australian dollar was unable to sustain the carry-trade-driven 18-year high...Mr Pontikis said the Australian dollar would continue to consolidate...
- FOREX - AUSTRALIAN DOLLAR WEAKER AT NOON - MARCH 5, 2007.
- News wire article from: AsiaPulse News March 5, 2007 700+ words
...Asia Pulse - The Australian dollar continued to be sold...Koukoulas said the Australian dollar was under pressure following recent carry trade-driven strength...Koukoulas said. The Australian dollar was trading at 90...
- FOREX - AUSTRALIAN DOLLAR ENDS HIGHER - NOV 16, 2006.
- News wire article from: AsiaPulse News November 16, 2006 700+ words
...providing underlying support. "The Australian dollar is receiving underlying support from the carry trade," she said. Under the carry...higher interest rate, such as the Australian dollar. However, Ms Deda warned that...
- FOREX - AUSTRALIAN DOLLAR WEAKER TO NOON - AUG 6, 2007.
- News wire article from: AsiaPulse News August 6, 2007 700+ words
...Pulse - The Australian dollar remained weaker...another round of carry trade unwinding. At 1200 AEST, the Australian dollar was trading...market. The Australian dollar was down sharply...against its main carry trade support, the...
Source: HighBeam Research, FOREX - AUSTRALIAN DOLLAR OPENS WEAKER - SEPT 3, 2007.