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Currencies

Today

The New York Stock Exchange.

ASX to fall as geopolitical tensions rise, Nvidia rallies

Australian shares are set to open lower amid a renewed focus on Russia’s war against Ukraine. Nasdaq advances on techs. Bitcoin tops $US94,000.

  • Timothy Moore

Yesterday

The New York Stock Exchange.

ASX to rise, Tesla paces Nasdaq advance

Australian shares are set to edge higher. Shares in the EV maker got another Trump boost. Nvidia in focus. Oil, gold and iron ore each rebound.

  • Updated
  • Timothy Moore

This Month

The New York Stock Exchange.

US stocks slump on Trump trade rate-reality check

The Nasdaq paced losses as Amazon, Meta and Nvidia tumbled after strong retail sales data bolstered the case for the Fed to slow the pace of interest rate cuts.

  • Updated
  • Timothy Moore
The New York Stock Exchange.

ASX to rise, Powell further dents rate cut hopes

Australian shares were set to open higher. US stocks extended losses after the Fed boss said the economy’s strength signalled there was no hurry to cut rates.

  • Updated
  • Timothy Moore
The New York Stock Exchange.

ASX to rise, Wall St edges up, bitcoin eases after topping $US93,000

Australian shares are set to open higher. US October CPI lifts bets on December rate cut. Bitcoin extends its record run. US stocks fluctuate.

  • Timothy Moore
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Christian Baylis says a rising US dollar under Donald Trump will make it more difficult for the RBA to cut interest rates.

Interest rates on hold until 2026 not ‘inconceivable’

Expectations of inflationary tariffs from president-elect Donald Trump could result in no interest rate relief in Australia next year, warn analysts.

  • Updated
  • Cecile Lefort
Donald Trump with his sons: The US dollar is among the biggest beneficiaries of the president-elect’s sweeping victory.

US dollar surge to wreak havoc on $A, commodities

The powerful rally in the greenback since the US election has prompted strategists to rapidly adjust currency forecasts as investors flee metals and the Aussie dollar.

  • Alex Gluyas
The New York Stock Exchange.

ASX to drop, US equity rally runs out of steam

Australian shares are set to shed near 1pc, as overseas equities fell. Tesla surge ends. Bitcoin consolidates. Gold extends retreat. US CPI awaited.

  • Timothy Moore
The New York Stock Exchange.

ASX to rise, S&P 500 struggles, bitcoin tops $US88,000

Australian shares are set to open up. The S&P 500 reset its record high then faded. Tesla leaps again, bitcoin rally accelerates on Trump trade inflection.

  • Updated
  • Timothy Moore
The New York Stock Exchange.

S&P 500 resets closing high for 50th time this year

The benchmark US index briefly topped 6000 points during the session. Tesla extends rally with another 8.2pc advance. $A slumps as China disappoints, again.

  • Updated
  • Timothy Moore
US Federal Reserve chairman Jerome Powell has given Reserve Bank of Australia governor Michele Bullock plenty to think about.

Central banks, traders brush off fears of Trump-led inflation spike

Federal Reserve chairman Jerome Powell said the US election would not impact Fed policy after it cut rates and flagged more to come.

  • Cecile Lefort
The New York Stock Exchange.

ASX to rise, US stocks extend rally, Fed cuts quarter point

Australian shares are set to open higher. Fed rate decision was unanimous. Techs stocks continued to power gains in the Nasdaq and S&P 500.

  • Timothy Moore
The New York Stock Exchange.

US equities reset record highs on growth bet

The S&P 500 and Nasdaq each leapt sharply higher and the Dow surged more than 1500 points as investors bet on Trump bolstering the US economy.

  • Updated
  • Timothy Moore

Five charts showing how investors called the US election

Financial markets have ridden the highs and lows of one of the most polarising American election campaigns in history.

  • Alex Gluyas
The New York Stock Exchange.

ASX to rise, Nvidia paces tech rally

Australian shares are set to open higher. Nvidia, Tesla and a surge in Palantir bolster Wall Street. Bitcoin briefly tops $US70,000. Fed in focus.

  • Updated
  • Timothy Moore
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Vice President Kamala Harris has renewed momentum coming into the last day of campaigning, polling showed.

Investors taper Trump trades amid late momentum for Harris

The US dollar hit a two-week low overnight as traders unwind some of their aggressive positioning in expectation the former president will return to the White House.

  • Sarah Jones
The New York Stock Exchange.

ASX to slip, Nvidia briefly takes market cap title

Australian shares are set to open lower. US equities slipped though Nvidia advanced early, then pared its gain. RBA rate decision pending.

  • Timothy Moore
The New York Stock Exchange.

Amazon paces tech rebound on Wall Street

US techs help drive gains in all three benchmarks. Atlassian leaps 19pc. Pending Fed decision and election offset weaker-than-expected jobs report.

  • Updated
  • Timothy Moore
The New York Stock Exchange.

ASX to fall, Wall St drops as megacap techs slide

Australian shares are set to follow US equities lower as AI-enthusiasm wanes. Microsoft, Meta tumble. Apple, Amazon poised to report. Macquarie Group to report.

  • Timothy Moore

October

Wall Street.

ASX to inch down as US data shows robust economy

Australian shares are poised to open slightly down as a mixed set of profit reports from Alphabet and Eli Lilly kept Wall Street treading water.

Original URL: https://www.afr.com/topic/currencies-5w5