On Bad Global Outlook, Aussie dollars continue to slide

Trader — Tue, 13 Jan 2009 01:31:00 +0000

The worsening global financial outlook has its equivalent worst effect to the economic situation of Australia. Australian dollar, including that of New Zealand’s dollar has continue to slide still due to global economic slowdown and commodity prices.

Australian government bonds advanced, pushing the two-year yield down 11 basis points, or 0.11 percentage point, to 2.64 percent, according to data compiled by Bloomberg. The price of the 5.25 percent note due August 2010 rose 0.170, or A$1.70 per A$1,000 face amount, to 104.011.

New Zealand’s two-year swap rate, a fixed payment made to receive floating rates, declined to 4.06 percent from 4.23 percent late in Asia yesterday.

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Aussie dollar hits three months high

Trader — Tue, 06 Jan 2009 23:01:00 +0000

Australian dollar was getting a god comeback this new year but its performance was recorded even two months before the year end. The firmed dollar was due to the a positive signed and improved sentiment on Wall Street.

“The Aussie dollar is still considered a riskier-asset, but has that higher yield.”

Firmer prices for commodities also lifted the commodities-driven currency, Mr Richardson said.

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On Bad Global Outlook, Aussie dollars continue to slide

Aussie dollar hits three months high