Yen Weakens for Third Day as Stock Rally Reduces Haven Demand

Aussie gains with kiwi as Chinese central bank injects funds Dollar weaker as Fed’s Dudley damps September speculation The yen weakened for a third day against the dollar as Asian stocks followed gains in U.S. equities, damping demand for haven assets. The Australian and New Zealand dollars advanced after the...


RBA’s Kent Signals Worst Likely Over for Aussie Jobs Market

Reserve Bank of Australia Assistant Governor Christopher Kent signaled the worst is probably over for the nation’s jobs market, suggesting a three-month pause in interest rates could be extended. “Developments suggest that there will be slightly less spare capacity in the labor market than earlier anticipated,” Kent said in...


China’s Falling Exports Drive Retreat for Aussie, Kiwi Dollars

The currencies of Australia and New Zealand retreated, following gains of at least 1 percent Friday, after disappointing trade data in China deepened concern that demand for commodities will weaken in their key export market. Australia’s dollar had the steepest decline among major currencies against the greenback on Monday,...


July job gains may favor September interest rate rise

The number of U.S. jobs probably rose at a healthy pace in July and wages likely rebounded in data due on Friday, providing further signs of an improving economy that could allow the Federal Reserve to raise interest rates in September. A Reuters survey of economists forecast U.S. nonfarm...