FOREX

Aside from Korea skirmiches and the FBI raids of several US hedge funds, rising Eurozone credit spreads extend beyond Ireland as Portuguese, Spanish, Greek and Italian 10- year spreads relative to Germany hit their highest sinc Nov 11-12). Good US data (US Q3 GDP revision to 2.5% from 2.0%) is good for the US dollar as was proven after last week's Philly Fed survey, as data weakens the case for buying the entire $600 bln in QE2. Korean border fire, FBI raids of US hedge funds & prolonged Iris...

The AUD has opened slightly weaker this morning as some risk aversion trading came into play overnight with continued concerns over Europe.

The Aussie (0.9860) moved above US99 cents during domestic trade on Monday after some short-term relief was provided to markets with the announcement of the European Union's (EU) bailout plans for Ireland.

The Australian Dollar has opened today's trade firmly in the mid 0.9800's after a raft of announcements last week locally and internationally.

The Aussie opens a shade lower against its US counterpart today at 0.9860.

After drifting around USD0.9800/0.9850 yesterday, the AUD rallied back towards USD0.9900 overnight as investor sentiment turned positive once again.

The Aussie rallied for a second day grappling with the US Dollar at 0.9900 offshore.

It's been a mixed night for the AUD, with the local unit initially bought up through USD0.9800 before retreating back to USD0.9790 this morning

Wages in Australia rose by 1.1% over the third quarter, gaining 3.5% in the year ending September. Although less than the 1.2% increase the market have expected,

The Australian Dollar continued to trade lower overnight following the sell off in equity markets on concerns over European sovereign debt.

The Australian dollar fell to its lowest level in over 2 weeks to 0.9724 against the US Dollar after minutes from the Reserve Bank showed its decision to raise interest rates another 25bp to 4.75% was 'finely balanced'.

While the AUD strengthened during the offshore session, pushing back above USD0.9900, a late sell off of US equities has seen our local currency weaken back to the levels seen yesterday.

Motor vehicle sale figures in Australia for October decreased by -0.6% compared to the month prior.

The Australian Dollar has opened trade this morning in the high 0.9800's after touching a low of 0.9825 on Friday night.

U.S. stocks sank Friday, ending a lackluster week as investors already on edge about global growth prospects became concerned that China could take steps to brake its economy's expansion

The Aussie fell as much as 1.75% against the Greenback as trading moved offshore following a shocking 5% decline in Chinese stocks.

The Australian dollar has opened below parity for the second time this week as concerns out of Europe hit risk sensitive investors.

Yesterday's unemployment data seemingly provided the markets with nothing more than volatility as an extra 29,700 jobs were created in the last month, 9.5K above expectations, followed by the announcement of an unexpected increase in the actual unemployment rate to 5.4%.

Renewed concerns over European sovereign debt pushed the AUD back below parity overnight.

The Australian Dollar started trading yesterday with a very brief dip below parity; however a 1.3% rise in home loans placed in effect a morning rally which was capped at 1.0070.

U.S. stocks rose slightly Friday, extending their climb to fresh two year highs as investors were encouraged by a report of stronger than expected job growth for October.

The Australian Dollar reached highs near 1.0180 on Friday however almost a cent was wiped from the currency pair as the recent risk rally lost steam during Friday's European session.

US payrolls rose by 151,000 in October, well ahead of expectations for jobs growth of 60,000.

The AUD has opened higher this morning, touching a fresh post float high early.

U.S. stocks rallied to their highest level since their September 2008 plunge during the bankruptcy of Lehman Brothers as investors applauded the Federal Reserve's latest effort to stimulate the struggling economy.

The Australian Dollar managed to hang onto its gains above parity yesterday despite softer-than-expected retail sales data. Australian retail sales rose just 0.3 per cent in September reducing expectations as to the pace of rate hikes in 2011.

US jobless claims rose by a larger than expected 20,000 to a seasonally adjusted 457,000 in the last week.

US dollar selling is once again the name of the game following the overnight announcement from the US Federal Reserve of their intentions to pump more money into the US economy.

U.S. stocks bounced in and out of positive territory but are now rising, while the dollar and the 10 year Treasury plunged, after the Federal Reserve said it would buy $600 billion in longer-term securities by the middle of next year as part of its latest effort to prime the domestic economy.