Tuesday, Jun 27 2017 | Time 08:56 Hrs(IST)
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  • Copper prices ease on weak US data, firm dollar
  • Nikkei hovers near 2-year highs as weak yen supports
  • SKorea won edges up ahead of Yellen speech; shares at record high
  • Pharmacy exec tied to 2012 US meningitis outbreak gets 9 years in prison
  • Guatemala, Honduras see growth boost as customs union takes effect
  • Unemployment looms for Australia's cricketers - union
  • US says it appears Syria planning another chemical weapons attack
  • US endorses India on Pak's proxy war, Trump insists on 'rapid' actions on Korea
  • No decisive winner in Mongolia presidential vote forces second round
  • US says it appears Syria planning another chemical weapons attack
  • Japanese stocks approach 2-yr high, euro sags after Draghi's comments
  • US judge expands order blocking Iraqis' deportation
  • Prez Trump "gladly accepts" Modi's invite for India visit
  • Federer and Nadal primed for dream Wimbledon final reprise
  • US says it appears Syria planning another chemical weapons attack
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Australia dlr runs into resistance at 4-mth top, NZ dlr awaits dairy sale

By Wayne Cole and Tom Westbrook
SYDNEY/WELLINGTON, Mar 21 (Reuters) The Australian dollar held near four-month peaks on Tuesday as the country's central bank stepped up warnings about overheating in the housing market, leading investors to pare the already scant chance of a further cut in interest rates.
The Aussie was standing at $0.7710 after reaching $0.7748 overnight, which was the highest since early November when it got as far as $0.7778.
A break of November's barrier would put it in territory not visited since April last year and set up a push to the next chart target around $0.7836. That also makes these levels extremely tough resistance, which could be hard to pierce.
The gains have mostly been driven by broad weakness in the U.S. dollar after the Federal Reserve emphasised further tightening would be gradual following its rate hike last week.
The Reserve Bank of Australia (RBA) is nowhere near raising rates itself, but any chance of a cut has vanished as it highlighted risks in the local housing market.
Minutes of its March policy meeting out Tuesday showed housing was very much on the mind of board members.
"The language around the housing market conveyed a sense of increased concern over the medium-term risks emerging from rising prices, increasing supply, and weak rental returns," said Su-Lin Ong, a senior economist at RBC Capital Markets.
"Our sense is that there is building pressure for additional macro prudential action."
Regulators have already told banks to limit growth in their mortgage books to 10 percent a year and many have recently been raising rates on investment loans.
As a result, rate futures are now pricing in virtually no chance of another cut in the cash rate and some possibility of a hike early next year.
The New Zealand dollar was a shade softer at $0.7045 after touching a two-week peak at $0.7080 overnight.
The kiwi is back on a "slow-grind-higher trajectory", ANZ Bank senior rates strategist David Croy said in a research note.
"Growth is enviable, interest rates are enviable, the political scene is stable, and even the current account is under control. There isn't much not to like here, even if some recent data has come in a bit below expectations," he said.
The currency still has to weather a global dairy auction late Tuesday, which could well see another drop in prices for the country's biggest export earner.
New Zealand government bonds gained, sending yields 1.5 basis points lower.
Australian government bond futures were little changed. The three-year bond contract was flat at 97.950, while the 10-year contract added 1.5 ticks to 97.1500.
REUTERS JW PM0907
Top News
Prez Trump

Prez Trump "gladly accepts" Modi's invite for India visit

Washington, Jun 27 (UNI) The US President Donald Trump would be visiting India soon as Mr Trump today gladly accepted Prime Minister Narendra Modi’s invitation to visit India.

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27 Jun 2017 | 8:35 AM
US endorses India on Pak's proxy war, Trump insists on 'rapid' actions on Korea

US endorses India on Pak's proxy war, Trump insists on 'rapid' actions on Korea

Washington, Jun 27 (UNI) In a major diplomatic development, the United States today in a clear manner vindicated India's well known stand vis-a-vis proxy war by Pakistan and in a strong message urged Islamabad to "expeditiously" bring to justice the perpetrators of the 26/11 Mumbai and Pathankot attacks.

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27 Jun 2017 | 8:35 AM
India, US in joint statement ask Pakistan to act against terror perpetrators

India, US in joint statement ask Pakistan to act against terror perpetrators

Washington, Jun 27 (UNI) In a clear message and in quite a diplomatic setback to Islamabad, India and the United States today vowed to strike at the Islamic terrorism and the "safe heavens" and also urged Pakistan to expeditiously bring to justice perpetrators of terror attacks like 26/11 and Pathankot.

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27 Jun 2017 | 8:34 AM
Pakistan violates ceasefire along LoC in Rajouri dist

Pakistan violates ceasefire along LoC in Rajouri dist

Jammu, Jun 26 (UNI) Pakistani Army today again violated ceasefire agreement by firing unprovoked on the Line of Control in Rajouri district of Jammu and Kashmir.

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26 Jun 2017 | 11:56 PM
Burn victims overwhelm Pakistani hospitals after tanker fire kills 146

Burn victims overwhelm Pakistani hospitals after tanker fire kills 146

By Mubasher Bukhari

LAHORE, Pakistan, Jun 26 (Reuters) Pakistani hospitals today struggled to treat scores of severely burned victims of a fuel tanker explosion that killed at least 146 people, as Prime Minister Nawaz Sharif flew back from an overseas trip to visit the injured.

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26 Jun 2017 | 10:39 PM
All eyes on PM Modi & US President Trump meeting, delegation level talks

All eyes on PM Modi & US President Trump meeting, delegation level talks

Washington, Jun 26 (UNI) All eyes will be on maiden meeting between Prime Minister Narendra Modi and the US President Donald Trump as both the leaders are expected to take major issues like regional security, counter terrorism and defence partnership for talks here late tonight.

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26 Jun 2017 | 7:35 PM
GST, 'Transformed India' to help US businesses, says Modi

GST, 'Transformed India' to help US businesses, says Modi

Washington, Jun 26 (UNI) Hours before his first meeting with US President Donald Trump, Prime Minister Narendra Modi today said a "transformed" India presents abundant opportunities for the American businesses.

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26 Jun 2017 | 3:01 PM

UNI NEWS DIGEST AT 2000 HRS FOR JUNE 26, 2017

26 Jun 2017 | 8:05 PM

New Delhi :Jaitley urges Mufti to introduce GST from July 1 (DI 12) Washington :GST, 'Transformed India' to help US businesses, says Modi (DF 1) :All eyes on PM Modi & US President Trump meeting, delegation level talks (DF 2) Patna :Fireworks at its full blaze between JD(U)-RJD over Prez polls (CA 29) New Delhi :Scientist Kasturirangan to head Panel on National Education Policy (DI 11) :Markets closed today on account of Eid-uk-Fitr (DC 1) Chandugarh:Haryana CM says police arrested one accused involved in Junaid killing case (DR 22) Guwahati :Ambubachi Mela ends, CM, others pay obeisance (CA 20) Chennai :Frequent abduction of fishermen show Lanka's intolerant attitude, EPS writes to PM again (MS 13) Vijayawada :Mercury poured on Sabarimala temple mast with devotion: MLA (MS 27) Begaluru :BJP on strong footing to return to power in Karnataka: Yeddyurappa (MS 18) Panaji :2 women booked for hurling abuses at Goa Health Minister, insulting tri-colour (BY 12) Mumbai :55 college students rescued in Raigad (BY 8) Guatape :Search continues for missing after Colombia tourist boat accident (FN 75) New Delhi :Kohli second most followed Indian on Facebook after PM Modi (SPD 11) UNI AKC SHK 2005.

Unemployment looms for Australia's cricketers - union

27 Jun 2017 | 8:14 AM

MELBOURNE, Jun 27 (REUTERS) More than 200 of Australia's top cricketers face unemployment within days, with a bitter pay dispute "extremely" unlikely to be resolved by a deadline on Friday, players' union boss Greg Dyer has said.

MARKET-GUJ-SUGAR

26 Jun 2017 | 7:36 PM

Ahmedabad, Jun 26 (UNI) The Ahmedabad Sugar market showed an easy trend here today.

JPCC celebrates 26th death anniversary of former Prime Minister Rajiv Gandhi

21 May 2017 | 6:22 PM

Ranchi, May 21 (UNI) The Jharkhand Pradesh Congress Committee today paid floral tributes to former Prime Minister Bharat Ratna late Rajiv Gandhi on his 26th death anniversary which was celebrated by the party as ‘Shahdat Diwas’.

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