Australian Dollar

Hard market hits Yanion

Audio-cassette maker Yanion International Holdings saw first-half profit slump 71.85 per cent to $2.86 million because of a sluggish market and keen competition.

Tuesday, 17 September, 1996, 12:00am

Aussie in retreat

Comments by Australian Treasurer Peter Costello that the rise in the country's currency was hurting exporters combined with a high current account deficit in May to send the Australian dollar on a slide.

It traded yesterday at 78.2 US cents, compared with 78.63 cents late on Tuesday. Earlier, it fell to 78.13 cents.

4 Jul 1996 - 12:00am

Outlook for A$ rosy if metals storm passes

If the Australian dollar can weather the copper-inspired correction this week, the currency may continue its steady climb, Graham Bibby, managing director of Richmond Asset Management, says.

8 Jun 1996 - 12:00am

Resources slump as bulls run out of fuel

Australia's share market has been held up in recent weeks by optimism in the resources sector, but with the rise of the Australian dollar it seems that the bull run in resources may have run its course.

15 May 1996 - 12:00am

February deficit seen at US$10b

The first data release this week will be the US trade balance on Tuesday, with February's deficit seen at US$10 billion.

On Wednesday, March durable good orders are forecast to rise 1.5 per cent, and on Thursday, March existing home sales are seen at 4 million. The consumer sentiment index for April, due on Friday, is expected weaker at 92.0.

21 Apr 1996 - 12:00am

US data to clarify strong GDP figure

US data due out tomorrow, including personal income and consumption for September, is expected to show increases of 0.3 per cent.

New home sales for September, due on Tuesday, are expected to be virtually unchanged for the month.

29 Oct 1995 - 12:00am

A$ forecast to resume rally

THE Australian dollar is expected to resume its rally amid strong economic growth and high interest rates. It was last quoted at 75.98 US cents.

Buoyant economic growth is expected to prevent the Reserve Bank of Australia from cutting interest rates.

17 Sep 1995 - 12:00am

Yen slips and rebounds

CURRENCIES in the Asia-Pacific region closed the week with mixed results, largely unaffected by the agreement after protracted talks between the United States and Japan on trade in car parts.

The yen temporarily fell against the dollar after Wednesday's Japan-US car trade accord, but bounced back to end the week little changed from a week earlier.

3 Jul 1995 - 12:00am

Study shows investment low

FEWER investors are committing their money to buy Brisbane's residential properties, a study shows.

A survey by L.J. Hooker shows properties sold to investors have fallen from 45 per cent to 31 per cent, a decrease of 14 per cent over the year to date.

28 Jun 1995 - 12:00am

Pundits plump for semi-permanent peg

THE peg is here to stay, for now at least, was the conclusion of three forecasters at the Hong Kong Management Association annual 'Which Way the Dollar?' luncheon yesterday.

14 Jan 1995 - 12:00am

Gold Peak profits buoyed by bulging order books

BATTERY and electronics maker Gold Peak Industries (Holdings) is poised for a recovery in earnings this year after four years of flat growth.

The last financial year was a challenging one for Gold Peak due to weak demand from Europe and the United States and fluctuating currency rates and commodity prices.

11 Sep 1994 - 12:00am

Theme up smartly on meagre turnover

TRADING in second-line stocks remained mixed yesterday.

Clothing retailer Theme International scored a 7.2 per cent gain, closing 6.5 cents higher at 96 cents.

However, volume traded was a low $142,000.

The company, the garment retailing arm of the Mercuries-Jeantex group, retails major brands, including Essence and Body Glove.

11 Aug 1994 - 12:00am

Western Australia demands trade 'quid pro quo'

WESTERN Australia is no longer satisfied with merely supplying raw materials for the Pacific Rim, according to Hendy Cowan, the state's deputy premier and minister for commerce and trade.

''One requirement in the future will be that if you want Western Australia to be a reliable supplier of raw materials, as we are, there has to be some quid pro quo,'' said Mr Cowan.

21 Jul 1994 - 12:00am

Battery producer receives 7pc boost

BATTERY and electronics maker Gold Peak Industries (Holdings) gained 7.14 per cent yesterday, defying a generally slumping market.

It added 20 cents to $3, on a turnover of 540,000 shares worth $1.6 million.

The company had booked a 7.5 per cent rise in interim profits to $50 million for the six months to September 30.

5 May 1994 - 12:00am

First Australian dollar dragon bond issue set

THE first Australian dollar dragon bond issue will be launched early next week, to be followed by US dollar issues, say market sources.

The issuer of the pioneering Australian dragon is rumoured to be a foreign-owned bank in Australia, believed to be Hongkong Bank of Australia, with the issue lead-managed by Wardley.

17 Feb 1994 - 12:00am