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Currencies

This Month

$A hit with longest stretch of losses in a year on China woes

The Australian dollar fell for a seventh session below US67¢ as concerns about China’s economy weigh on the currency and commodity prices. 

  • Joanne Tran
US Vice President Kamala Harris.

Traders seek shelter in hard-hit assets on US election twist

Investors are bracing for volatility in the lead-up to the US presidential vote, so emerging market specialists are hiding out in South America and India.

  • Carolina Wilson, Vinícius Andrade and Ronojoy Mazumdar
Ether has soared 50 per cent this year on ETF hopes.

US regulators approve ether ETF in latest crypto milestone

The SEC has signed off on a spot ETF that invests directly in the world’s second-largest cryptocurrency. The digital asset has already jumped 50 per cent this year.

  • Emily Graffeo
Nvidia CEO Jensen Huang. Tech companies are racing to get access to the company’s GPUs.

Struggling bitcoin miners seek deals with AI companies

They now hope to benefit from a surge in demand for powerful but scarce chips which are used in both crypto mining and AI processing.

  • Nikou Asgari and Tim Bradshaw
Donald Trump is helped off the stage.

Haven rush, ‘Trump trades’ on investor minds after shooting

Investors will likely rush into assets like the US dollar, gold and bitcoin after the assassination attempt of the former US president.

  • Ruth Carson
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The Aussie dollar’s furious rally could continue into the second half of 2024.

Why the Aussie dollar rally could just be getting started

It’s a good time for Australians to be heading overseas, with the currency’s surge to a six-month high likely to extend into the second half of this year.

  • Alex Gluyas
The Aussie dollar touched its highest level since January 9.

Growing bets on Fed rate cuts boost $A to six-month high

Evidence of weaker US growth and a deteriorating job market bolstered conviction that the Fed will cut rates imminently, triggering a rally in commodities.

  • Alex Gluyas

June

RBA governor Michele Bullock is facing fresh calls to raise the cash rate.

Bond yields retreat as traders temper RBA rate hike fears

Traders have pared bets that the RBA will raise rates this year, with some economists warning that financial markets overreacted to May’s inflation figures.

  • Alex Gluyas
Bank of Japan governor Kazuo Ueda.

Yen’s free fall exposes the Fed’s grip on markets

The yen is plunging through milestone levels in rapid succession and likely won’t stop until the Federal Reserve finally pivots on rates.

  • Carter Johnson and Anya Andrianova
Protesters hold flares and banners during a demonstration against the far-right and racism in central Paris.

Why now’s a good time to visit Europe (and it’s not the Olympics)

French political turmoil is good news for Australians heading to Europe with the dollar trading at its highest level against the euro in a year.

  • Cecile Lefort
The first bitcoin EFT on the ASX will list on Thursday.

ASX bitcoin ETF launch opens gates to wider cryptocurrency industry

The markets watchdog has told investors to “only put in what they are prepared to lose” after Australia’s main exchange operator opened the door to bitcoin.

  • Updated
  • Joshua Peach

Original URL: https://www.afr.com/markets/currencies