Wayne's Feed
Sep 19, 2014

As heat leaves mining, rest of Australia gets to breathe

SYDNEY, Sept 19 (Reuters) – Australia’s miners face tough
times amid a meteoric fall in the price of their cash cow, iron
ore, but there are plenty of reasons to believe the rest of the
economy can weather the storm and perhaps even profit from it.

Instead, the cool down in mining should be a relief since it
offers breathing space for the 90 percent of the economy that
doesn’t involve digging up resources – much of it sucked up by
China, Australia’s major export market.

Sep 18, 2014

Dollar soars to six-year peak on yen after Fed, Tokyo stocks cheer

SYDNEY/TOKYO (Reuters) – Japanese shares jumped on Thursday after the dollar vaulted to a six-year peak on the yen as the Federal Reserve’s outlook for rising rates underlined the diverging path between the United states and the rest of the rich world.

In other regional share markets, the reception was mixed, with MSCI’s index of ex-Japan Asian shares falling to 12-week lows, on the spectre of rising U.S. rates and slower economic growth in China.

Sep 18, 2014

Tokyo stocks cheer, dollar surges to 6-yr peak on yen

SYDNEY (Reuters) – Japanese shares jumped on Thursday after the dollar vaulted to a six-year peak on the yen as the Federal Reserve’s outlook for rising rates underlined the diverging path between the United states and the rest of the rich world.

The euro skidded to a 14-month trough while gold hit an eight-month low as the dollar swept higher across the board, a move that many investors have been itching to wager on all year.

Sep 18, 2014

Dollar surges to six-year peak on yen, Tokyo stocks cheer

SYDNEY (Reuters) – Japanese shares jumped on Thursday after the dollar vaulted to a six-year peak on the yen as the Federal Reserve’s outlook for rising rates underlined the diverging path between the United states and the rest of the rich world.

The euro skidded to a 14-month trough while gold hit an eight-month low as the dollar swept higher across the board, a move that many investors have been itching to wager on all year.

Sep 17, 2014

Asia shares rise on Fed, China policy speculation

SYDNEY (Reuters) – Asian shares were tentatively higher on Wednesday after Wall Street rebounded on speculation the Federal Reserve would maintain a pledge on low rates when a two-day policy meeting ends later in the session.

The Dow hit a fresh record while the U.S. dollar took a knock after the Wall Street Journal’s Fed watcher Jon Hilsenrath said the central bank would keep the words “considerable time” in its policy statement, though it might qualify them.

Sep 17, 2014

Asia shares edge up as investors second-guess Fed

SYDNEY, Sept 17 (Reuters) – Asian shares crept cautiously
higher on Wednesday after Wall Street rebounded on speculation
the Federal Reserve would maintain a pledge on low rates when a
two-day policy meeting ends later in the session.

The Dow hit a fresh record while the U.S. dollar took a
knock after the Wall Street Journal’s Fed watcher Jon Hilsenrath
said the central bank would keep the words “considerable time”
in its policy statement, though it might qualify them.

Sep 12, 2014

Dollar gains, commodities lose as markets mull Fed risk

SYDNEY, Sept 12 (Reuters) – The U.S. dollar was riding high
in Asia on Friday as unceasing speculation about the prospects
for rising U.S. interest rates undermined commodity prices and
spurred investors to unwind leveraged trades in higher-yielding
currencies.

Talk the Federal Reserve might take a hawkish turn at its
policy meeting next week, possibly by dropping its commitment to
keeping rates low, has seen U.S. Treasury yields steadily creep
higher and injected new life into the dollar.

Sep 12, 2014

Dollar gains from Fed risk, Japan stocks hit highs

SYDNEY, Sept 12 (Reuters) – The U.S. dollar was riding high
in Asia on Friday as unending speculation about the prospects
for rising U.S. interest rates undermined commodity prices and
spurred investors to unwind leveraged trades in higher-yielding
currencies.

Talk the Federal Reserve might take a hawkish turn at its
policy meeting next week, possibly by dropping its commitment to
keepiong rates low, has seen U.S. Treasury yields steadily creep
higher and injected new life into the dollar.

Sep 12, 2014

Dollar’s rise pressures commodities amid Fed anxiety

SYDNEY, Sept 12 (Reuters) – The U.S. dollar was riding high
in Asia on Friday as incessant speculation about the outlook for
U.S. interest rates undermined commodity prices and unwound
leveraged trades in higher-yielding currencies.

Talk the Federal Reserve might take a hawkish turn at its
policy meeting next week has seen U.S. Treasury yields steadily
creep higher and injected new life into the dollar.

Sep 11, 2014

Australia jobs rise by most on record, in huge surprise

SYDNEY, Sept 11 (Reuters) – Australian employment surged by
the most on record in August and far beyond the most optimistic
forecast, on the face of it a stunningly strong report that
should calm recent concerns about the health of the economy.

The local dollar leaped and markets are virtually
pricing out the chance of a rate cut as Thursday’s data from the
Australian Bureau of Statistics showed 121,000 jobs were created
in August. That was the largest rise since the series began in
1978 and dwarfed expectations for a 12,000 increase.