FXA News and Press, Invesco CurrencyShares Australian Dollar Trust From 03/29/23

2023-03-29 07:52:00 ET Summary Equity markets are rallying. The advance in Asia-Pacific was led by tech companies following Alibaba's re-organization announcement. Europe's STOXX 600 is up nearly 1%, and US index futures are up almost the same. The Swiss franc is leading the a...

2023-03-28 08:05:00 ET Summary Banking stress is ebbing. The Topix bank index snapped a three-day decline and jumped nearly 2% today. The STOXX 600 index of EMU banks is extending yesterday's 1.7% advance. Most large bourses in the Asia-Pacific region rose today, led by 1%+ gains ...

2023-03-27 07:55:00 ET Summary Asia-Pacific equities were mixed. China, Hong Kong, Taiwan, and South Korean markets fell, while Japan, Australia, and India rose. Europe's STOXX 600 is up nearly 1% after losing about 1.5% in the previous two sessions. US equity futures are trad...

2023-03-26 23:55:00 ET Summary The banking crisis and the consequential tightening of financial conditions is a new deflationary shock. It renders the next data highlight in the US, the February PCE deflator, less relevant. The impact on monetary policy expectations will last long...

2023-03-24 08:05:00 ET Summary Bank shares remain under pressure today. The Topix bank index fell 0.75% today to take the weekly loss to 1.5% after a 10.55% drop last week. The STOXX 600 bank index in Europe is off 5.7% today, its biggest loss of the week. It is off 2% this week a...

2023-03-23 08:05:00 ET Summary The dollar remains under pressure following the Federal Reserve's rate hike. The Norwegian krone is the strongest of the G10 currencies today, up more than 1%, spurred by a 25 bp hike and a commitment to do more. Hong Kong rallied 2.3% and its in...

2023-03-22 07:56:00 ET Summary The market has concluded that the Fed will hike rates today. Meanwhile, the banking crisis continues to ease, and Europe's STOXX 600 bank index is up 1.5%. The US KBW bank index rallied almost 5% yesterday. While the dollar drew support from the ...

2023-03-21 07:35:00 ET Summary The large markets in the Asia-Pacific traded higher, led by more than a 1% gain in Hong Kong and China's CSI 300. Europe's STOXX 600 is up 1.35%. If sustained, it would be the first back-to-back gain in two and a half weeks. US S&P and Dow fu...

2023-03-20 08:05:00 ET Summary Asia-Pacific equities was a sea of red, led by a 2.65% drop in the Hang Seng and a 2.2% fall in its index of mainland shares. Japan and Australia's indices shed more than 1%. Europe's STOXX 600 is off fractionally, but the bank index is off 2.5%....

2023-03-18 10:13:00 ET Summary The market has thought it heard Fed Chair Powell endorse a 50 bp hike in testimony to Congress in early March. The FOMC meeting ending March 22, which will update the Summary of Economic Projections (dot plot), and the seeming fragility of the financ...