FOREX

The Aussie dollar roared higher yesterday having rallied almost 2% from its lows below 86 cents on Monday. Despite no local economic data released demand for the relatively high yielding AUD resurfaced following some better than expected data from across the Tasman. The New Zealand economic data saw Asian investors scramble to purchase both NZD and AUD against the Greenback, a theme that continued into early European trade. This morning sees the AUD open trade around its highs at 0.8730 having o...

Global growth can no longer hinge solely on the U.S. consumer and a global economic recovery remains fragile, Canadian Prime Minister Stephen Harper told CNBC television on Tuesday.

The euro hit a one-year high against a sliding dollar on Tuesday as dealers resumed selling the U.S. currency following its rise the previous day, while markets awaited a Federal Reserve policy decision and Group of 20 summit later in the week.

The Aussie dollar began the week on a softer note drifting lower in Asia from its early morning high around 0.8680 eventually testing support at 86 cents in early offshore trade. A move out of riskier assets heading into the FOMC meeting and a pullback in commodity prices weighed on the AUD which reached an eventual low around 0.8590. North American pared back some of the losses to push the Aussie dollar back to this morning's open around 0.8630 against the Greenback.

The EURO continues to hold the advantage over the Greenback climbing to a near 12 month highs as neutral to positive data continues to roll out of Europe and investors continue to shy away from the once mighty Big Dollar if favour of risker assets.

The Aussie dollar bounced between 0.8650 and 0.8715 during Friday's offshore session weighed down by profit taking on the Euro to open this morning at 0.8670.

President Barack Obama, preparing to meet with other G20 leaders in Pittsburgh, on Saturday stressed the need for regulations to prevent another global economic crisis and German Chancellor Angela Merkel was optimistic agreement could be reached at the summit.

Its sharp decline in the last week has pushed the euro to its highest level in a year and reignited fears that there's only one place for the dollar to go, and that's down. Rhetoric from influential investors like Warren Buffett as well as big foreign buyers of U.S. debt like China and Russia has fed that sense of doom.

The dollar rebounded from a one-year low against the euro on Friday as waning risk appetite cut demand for higher-yielding currencies and boosted safe-haven demand for the greenback. Sterling declined across the board, hitting a near five-month low euro on renewed concerns about the UK banking sector.

President Barack Obama's top economic adviser said on Friday that China's massive holdings of U.S. government bonds are a source of mutual benefit to both countries.

The Australian Dollar has held onto its recent spectacular gains and opens on Friday at 0.8710. The Aussie ended yesterday's local session at a new 13-month high of 0.8774 as stronger-than-expected economic data from the United States adds to signs the global economy is edging towards recovery.

Dollar interbank lending rates paused at record lows on Thursday after a report that Federal Reserve policymakers were divided on when to begin raising interest rates.

Bank of Japan Governor Masaaki Shirakawa said on Thursday a stronger yen would push down prices in the near term but might support the economy in the longer run. Japan must look at the overall economy in gauging the impact of the yen's strengthening, Shirakawa told a news conference.

The Australian Dollar opens sharply higher on Thursday at 0.8725 on greenback weakness and a continuation of the recent shift into high-yielding assets.

The Australian Dollar opens higher today at 0.8625 and is buoyed by improved risk sentiment after the release of stronger than expected U.S. economic data overnight.

SHANGHAI, Sept 15 (Reuters) - China's key stock index ended up 0.2 percent on Tuesday supported by improved August FDI data while tyre makers jumped after saying the impact of the U.S. decision to impose special duties on Chinese tyre exports would be limited.

TOKYO, Sept 15 (Reuters) - Japan's Nikkei average edged up 0.2 percent in choppy trade on Tuesday, buoyed by Canon Inc (7751.T) and other exporters as the yen held steady against the dollar, but worries that it may only be a brief respite limited gains.

The Australian Dollar opens on Tuesday at 0.8610. In early domestic trade yesterday, the Aussie moved swiftly beneath US86 cents as local equities opened under pressure after a soft lead from Wall Street last Friday. Given the recent rapid rise of the Australian Dollar, part of the move back down can be attributed to profit taking after a sustained period of one-way price action. During overnight trade, the unit moved between a low of 0.8543 and a high of 0.8630.

The Australian Dollar opens on Tuesday at 0.8610. In early domestic trade yesterday, the Aussie moved swiftly beneath US86 cents as local equities opened under pressure after a soft lead from Wall Street last Friday.

The dollar fell against the euro on Monday, erasing earlier gains, as investors looked past a United States versus China trade dispute and took on more risk. U.S. stocks pared losses .N, illustrating higher risk appetite and reducing safe haven demand for the dollar, as investors stuck to the theme of recent months of changes in risk tolerance driving dollar action.

The Australian Dollar has held onto its recent gains and opens the new week at 0.8610. The Aussie closed higher on Friday after a range of positive Chinese economic data releases which boosted demand for the currency.

The Australian Dollar has held onto its recent gains and opens the new week at 0.8610.

The global economic crisis will continue and countries must do more to adopt financial market regulations, International Monetary Fund Managing Director Dominique Strauss-Kahn told a German magazine on Saturday.

U.S. puts new duty on Chinese-made tyres - Additional 35 percent for first year - China denounces step as dangerous protectionism - China signals possible complaint to WTO - Dispute could spill over into G20 summit (Adds Chinese minister's comments and press comment in paragraphs 3-5, 9 and 25)

With yesterdays Australian unemployment rate coming in on expectations and unchanged at 5.8% local investors took the opportunity to take profit on long AUD positions. Casting some doubt over the figures was the change in seasonally adjusted estimate of full time employment decreased by almost 31k jobs prompting a move lower in the AUD/USD which was trading around 0.8630 at the time of the release.

The Aussie dollar faltered at attempts to reach 87 cents in local trade yesterday running into some strong intraday selling around 0.8650 following worse than expected economic data.

The Aussie dollar faltered at attempts to reach 87 cents in local trade yesterday running into some strong intraday selling around 0.8650 following worse than expected economic data. With Retail Sales dropping 1% in July, Home Loans and Investment lending also falling the AUD traded below 86 cents to finally find support at 0.8565 during European trading. Risk sentiment once again improved in U.S trade following the Federal Reserve Banks Beige Book report taking the Australian dollar back above ...

The UK's deficit on trade in goods and services was £2.4 billion in July, unchanged from June, originally published as a deficit of £2.2 billion.

:: Australian Dollar: The Aussie dollar continued to power ahead holding on to the psychological 85 cent support level to open this morning around 0.8550. Yesterdays ANZ job advertisement survey revealed a 4.1% rise in August from the previous month, the first monthly rise since April 2008. The news gave investors some confidence that this Thursday's employment report will show continued improvement in the labour market spurring the AUD higher. With the U.S on holidays it was a relatively quiet ...