澳元又升了(页 1) - 房地产贷款投资专区 -
2007-8-7 18:05
zwilliam
澳元又升了
check this out:
Australian, New Zealand Dollars Gain on Return to Carry Trades
By David McIntyre
Aug. 7 (Bloomberg) -- The Australian and New Zealand dollars rose against the yen, recouping most of yesterday's losses, as a rally in U.S. stocks prompted a return to so-called carry trades.
The gain in the currencies versus the yen trailed only that of the Indian rupee in the Asia-Pacific region during the past year as investors bought Australia's and New Zealand's higher- yielding assets funded with loans from Japan. U.S. stocks rallied the most in four years yesterday on speculation the government will take steps to limit losses in mortgage lending.
``There was a pretty solid retracement in all the U.S. equity markets, so that gave yen-funded carry trades a boost,'' said Sue Trinh, a currency strategist at RBC Capital Markets.
The Australian dollar rose 0.9 percent to 101.94 yen at 4:29 p.m. in Sydney from 101.07 yen late in Asia yesterday, when it fell 1 percent. Against the U.S. dollar, it rose 0.2 percent to 85.85 cents.
New Zealand's dollar jumped 1.1 percent to 90.78 yen from yesterday, when it declined 1.6 percent. Against the U.S. dollar, the currency gained 0.4 percent to 76.45 cents.
Australia's dollar may rise to 102.20 yen and New Zealand's to 91.50 yen today, Sydney-based Trinh said.
The Standard & Poor's 500 Index surged 2.4 percent and Fannie Mae, the largest U.S. home loan company, gained the most in 20 years on expectations regulators will loosen restrictions on how much it can spend on home loans.
Investors Encouraged
The Australian and New Zealand dollars' losses yesterday followed a 2.7 percent slump in the S&P on Aug. 3, which encouraged investors to repay loans taken out in Japan.
``For the time being, U.S. and global stock performance is a barometer of global investor risk aversion,'' said Michael Woolfolk, senior currency strategist at the Bank of New York. ``As stock markets bounce back, the previous trends will reassert themselves in foreign-exchange markets, which is negative for the yen and positive for the high yielders.''
New Zealand's official cash rate of 8.25 percent, which the central bank raised four times this year, is the highest after Iceland's among countries with the top credit rating at Moody's Investors Service. Australia's key rate is at a six-year high of 6.25 percent and will be increased a quarter-percentage point tomorrow, according to 26 of 28 economists surveyed by Bloomberg.
Japan's 0.5 percent overnight lending rate is the lowest of any major economy. New Zealand's 7.75 percent rate differential with Japan has helped the currency gain 8.5 percent versus the yen this year. Australia's dollar advanced 8.6 percent on the country's 5.75 percent rate premium. India's rupee has risen 9.6 percent versus the yen so far this year.
Rate Increase
Australia's dollar may gain further on speculation the central bank will raise interest rates to an 11-year high of 6.5 percent tomorrow.
The odds of a rate increase are 76 percent, according to a Credit Suisse Group index based on the exchange of interest-rate swaps. They were at 36 percent before a government report on July 25 showed inflation surged in the second quarter.
``The Australian dollar will move higher as the reserve bank raises rates,'' said Richard Grace, chief currency strategist in Sydney at Commonwealth Bank of Australia, which is forecasting a rate increase. ``The inflation data gives the RBA the fundamental reason to go.''
Higher rates will help the currency close above 86 cents for the first time in over a week, Grace said.
Australian and New Zealand government bonds fell. The yield on Australia's benchmark 10-year note rose 5 basis points to 5.96 percent. New Zealand's equivalent yield gained 14 basis points to 6.53 percent. A basis point is 0.01 percentage point.
To contact the reporter on this story: David McIntyre in Sydney at
check this out:
Australian, New Zealand Dollars Gain on Return to Carry Trades
By David McIntyre
Aug. 7 (Bloomberg) -- The Australian and New Zealand dollars rose against the yen, recouping most of yesterday's losses, as a rally in U.S. stocks prompted a return to so-called carry trades.
The gain in the currencies versus the yen trailed only that of the Indian rupee in the Asia-Pacific region during the past year as investors bought Australia's and New Zealand's higher- yielding assets funded with loans from Japan. U.S. stocks rallied the most in four years yesterday on speculation the government will take steps to limit losses in mortgage lending.
``There was a pretty solid retracement in all the U.S. equity markets, so that gave yen-funded carry trades a boost,'' said Sue Trinh, a currency strategist at RBC Capital Markets.
The Australian dollar rose 0.9 percent to 101.94 yen at 4:29 p.m. in Sydney from 101.07 yen late in Asia yesterday, when it fell 1 percent. Against the U.S. dollar, it rose 0.2 percent to 85.85 cents.
New Zealand's dollar jumped 1.1 percent to 90.78 yen from yesterday, when it declined 1.6 percent. Against the U.S. dollar, the currency gained 0.4 percent to 76.45 cents.
Australia's dollar may rise to 102.20 yen and New Zealand's to 91.50 yen today, Sydney-based Trinh said.
The Standard & Poor's 500 Index surged 2.4 percent and Fannie Mae, the largest U.S. home loan company, gained the most in 20 years on expectations regulators will loosen restrictions on how much it can spend on home loans.
Investors Encouraged
The Australian and New Zealand dollars' losses yesterday followed a 2.7 percent slump in the S&P on Aug. 3, which encouraged investors to repay loans taken out in Japan.
``For the time being, U.S. and global stock performance is a barometer of global investor risk aversion,'' said Michael Woolfolk, senior currency strategist at the Bank of New York. ``As stock markets bounce back, the previous trends will reassert themselves in foreign-exchange markets, which is negative for the yen and positive for the high yielders.''
New Zealand's official cash rate of 8.25 percent, which the central bank raised four times this year, is the highest after Iceland's among countries with the top credit rating at Moody's Investors Service. Australia's key rate is at a six-year high of 6.25 percent and will be increased a quarter-percentage point tomorrow, according to 26 of 28 economists surveyed by Bloomberg.
Japan's 0.5 percent overnight lending rate is the lowest of any major economy. New Zealand's 7.75 percent rate differential with Japan has helped the currency gain 8.5 percent versus the yen this year. Australia's dollar advanced 8.6 percent on the country's 5.75 percent rate premium. India's rupee has risen 9.6 percent versus the yen so far this year.
Rate Increase
Australia's dollar may gain further on speculation the central bank will raise interest rates to an 11-year high of 6.5 percent tomorrow.
The odds of a rate increase are 76 percent, according to a Credit Suisse Group index based on the exchange of interest-rate swaps. They were at 36 percent before a government report on July 25 showed inflation surged in the second quarter.
``The Australian dollar will move higher as the reserve bank raises rates,'' said Richard Grace, chief currency strategist in Sydney at Commonwealth Bank of Australia, which is forecasting a rate increase. ``The inflation data gives the RBA the fundamental reason to go.''
Higher rates will help the currency close above 86 cents for the first time in over a week, Grace said.
Australian and New Zealand government bonds fell. The yield on Australia's benchmark 10-year note rose 5 basis points to 5.96 percent. New Zealand's equivalent yield gained 14 basis points to 6.53 percent. A basis point is 0.01 percentage point.
To contact the reporter on this story: David McIntyre in Sydney at
2007-8-7 22:10
树奈
:P that's good for ppl whos earnin AUS $$!
2007-8-8 03:26
georgewujj
end of this month,around 84
2007-8-8 03:40
slking32167
难说，市场对美股的反应比加息大多了，这两天的高息货币一直都不好过
2007-8-8 05:55
slking32167
现在急切盼升了，在0。8516的地方刚刚下了一单，呵呵，现在都几百块了
2007-8-8 12:46
树奈
:') 哇~厉害...真的会飙升?
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