FXA News and Press, Invesco CurrencyShares Australian Dollar Trust From 08/22/23

2023-08-22 07:15:00 ET Summary The dollar is softer against all the G10 and most of the emerging market currencies. Despite stepped-up efforts by Chinese officials and a firmer yen, the yuan remains on the defensive and is one of the handful of EM currencies softer on the day. ...

2023-08-21 07:12:00 ET Summary Chinese banks failed to pass through last week's 15 bp cut fully into the lending prime rates, which was a major disappointment. The yuan and yen are softer, as are more local Asian currencies, while most G10 currencies are posting small gains agains...

2023-08-20 03:35:00 ET Summary The US economy is showing resilience with above-trend growth, while Europe and China are struggling. The monetary tightening cycle is nearing its end, with rate cuts expected from the Federal Reserve and European Central Bank. The US dollar is st...

2023-08-18 06:45:00 ET Summary Dollar bulls continue to dominate as contrasting economic performance fuels buying of the greenback. Chinese developers' negative news and the sell-off in equities contribute to the dollar's strength. Bond market recovers from sell-off, while gol...

2023-08-17 07:00:00 ET Summary US data suggests the economy is accelerating, leading to a rise in the US 10-year yield and the dollar's strength against major currencies. Disappointing employment data from Australia puts pressure on the Australian dollar. The yen is undervalue...

2023-08-16 08:25:00 ET Summary The US dollar is trading with a slightly heavier tone, stalling in front of key levels against the yen and yuan. Sterling has extended gains after wage figures and CPI data, while the dollar is softer against most emerging market currencies. Asia...

2023-08-15 10:00:00 ET Summary China surprises with a rate cut after disappointing economic data, while Japan reports stronger than expected Q2 GDP. UK sees a sharp jump in average weekly earnings, renewing speculation of a 50 bp rate hike by the Bank of England. US dollar is ...

2023-08-14 06:55:00 ET Summary The greenback rose to new highs for the year against the Japanese yen and Australian dollar before steadying. Outside of the Swedish krona, which is off nearly 0.5%, the G10 currencies are nursing small losses late in the European morning, mostly les...

2023-08-13 06:45:00 ET Summary The end of the Bretton Woods currency arrangement led to the era of floating currencies and volatile exchange rates. Attempts to resurrect Bretton Woods miss the point that the asymmetry of power that made it possible no longer exists. The volati...

2023-08-11 07:00:00 ET Summary The US dollar remains firm, rising against major currencies and emerging market currencies. US quarterly refunding completed successfully, with a slight downgrade in chances of a Fed hike next month. China's lending figures for July were unexpect...