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Aug 14, 2015

Australia, NZ dlrs find footing after turbulent week

SYDNEY/WELLINGTON, Aug 14 (Reuters) – The Australian dollar
was ending the week on a steadier note after China looked to
have stopped lowering its yuan for the moment, though its New
Zealand counterpart took a knock from soft retail data at home.

The Australian dollar was holding out at $0.7363,
down around 0.7 percent for the week but well above a six-year
trough of $0.7217 hit on Wednesday when yuan uncertainty was at
its worst.

Aug 11, 2015

Global Markets – U.S. dollar up as China devalues yuan

SYDNEY (Reuters) – The U.S. dollar lurched higher on Tuesday as China allowed its yuan to fall to levels last seen in 2012, a move that could provide a competitive boost to exports from the world’s second largest economy.

Asian stocks mostly held firm as investors weighed the implications of the surprise move, which seemed to end months of officially sanctioned yuan strength.

Aug 11, 2015

Asia stocks swing higher, Google jumps

SYDNEY (Reuters) – Asian stocks swung higher on Tuesday as a periodic revival in investor risk appetite led to a bounce in beaten-down commodities and a small step back for the U.S. dollar.

Shares in Google jumped over 5 percent, adding $25 billion to its market value, after announcing a new holding company called Alphabet which will separate the core web advertising business from newer ventures.

Aug 5, 2015

Dollar, bond yields up on Fed rate risk

SYDNEY (Reuters) – Asian shares markets got off to a watchful start on Wednesday as the mounting risks of a hike in U.S. interest rates as early as next month lifted the dollar and sovereign bond yields, pressuring currencies across the region.

Moves were minor with Japan’s Nikkei .N225 off 0.1 percent

and South Korea’s KOSPI .KS11 up 0.1 percent. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS dipped 0.3 percent.

Aug 4, 2015

Australia’s central bank holds rates, tempers call for A$ fall

SYDNEY (Reuters) – Australia’s central bank held interest rates at record lows on Tuesday in a widely expected decision, but surprised markets by toning down calls for a further fall in the local dollar.

The currency jumped half a U.S. cent to $0.7348 after the Reserve Bank of Australia (RBA) dropped a reference to a further decline being necessary, saying only that the Aussie was adjusting to weak commodity prices.

Aug 3, 2015

Australia home price surge to keep RBA at bay

SYDNEY, Aug 3 (Reuters) – Home prices across Australia’s
capital cities surged in July as demand in Sydney and Melbourne
remained red hot, presenting an increasingly high hurdle to
further cuts in interest rates even as the wider economy
struggles.

Annual growth in home values picked up to 11.1 percent, from
9.8 percent in June. Most of the gains were concentrated in
Sydney, where prices were up over 18 percent for the year, while
Melbourne advanced by 11.5 percent.

Jul 29, 2015

Asia stocks edge up, markets hushed for Fed

SYDNEY (Reuters) – Asian shares clung to modest gains on Wednesday on hopes that Beijing could stem the rout in its markets without damage to the economy, while caution ruled elsewhere ahead of a policy decision from the U.S. Federal Reserve.

The major European markets were also expected to open higher, while the calmer mood prompted a bounce in some hard-beaten commodities including copper.

Jul 29, 2015

Asia stocks hope for calmer China markets, wary of Fed

SYDNEY (Reuters) – Asian shares attempted a rebound on Wednesday on hopes that Beijing could stem the rout in its markets without damage to the economy, though caution was the watchword ahead of a policy decision from the U.S. Federal Reserve.

Australia’s main index rose 0.9 percent in early trade, while Japan’s Nikkei .N225 flitted in and out of positive territory. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS firmed 0.5 percent.

Jul 27, 2015

Asian shares skid as Fed monetary meeting looms

SYDNEY/HONG KONG, July 27 (Reuters) – Asian shares began
the week on a plaintive note amid losses on Wall Street and
worries over China, while investors braced for a Federal Reserve
meeting that might take another small step toward lifting U.S.
interest rates.

Financial spreadbetters expected Britain’s FTSE 100
0.3 percent lower, Germany’s to open 0.4 percent down,
and France’s CAC 40 to open 0.3 percent lower. UBS’s
stronger-than-expected results may help markets.

Jul 27, 2015

Asian shares broadly softer as Fed looms

SYDNEY (Reuters) – Asian shares began the week on a plaintive note amid losses on Wall Street and worries over China, while investors braced for a Federal Reserve meeting that might take another small step toward lifting U.S. interest rates.

Japan’s Nikkei slipped 0.5 percent, while MSCI’s broadest index of Asia-Pacific shares outside Japan lost 0.8 percent.