INVESTMENT banks have continued to go cold on the Australian dollar, with Credit Suisse?s global strategists telling clients the Aussie could fall to 85 US cents in 12 months because "this time it's structural". "While a rebound remains ...
Tags: economy
The dollar continued to test fresh 11-month lows, extending a week-long decline built on rising concerns about the outlook for the resources-rich economy and renewed strength in the US dollar. Late today, the Aussie was trading at ...
Tags: Dollar Down, Service, Economic Outlook
The Australian dollar opened below 99 US cents as another rally on Wall Street boosted the greenback. At 7am AEST, the local currency was trading at 98.92 US cents, down from yesterday’s local close of 99.80 US cents, marking the ...
Tags: Dollar, US Markets, Service
The sharemarket rose for a third-consecutive session after the dollar weakened further overnight. Non-resources companies with US dollar income remained in demand, although commodity price falls restrained the resources sector. The ...
Tags: Stocks, Aussie Fall
The sharemarket rose for a third consecutive session yesterday after the Australian dollar weakened further in offshore trade. Non-resources companies with US-dollar income remained in demand, although commodity price falls restrained the ...
Tags: Bourse, Greenback Exposure
The Australian dollar has remained below parity with the greenback as healthy American retail data underpinned strength in the US currency. At 12pm AEST today the dollar was trading at 99.77 cents, down almost a quarter of a US cent from ...
Tags: Australian Dollar, Retail Data
High-profile stockbroker Charlie Aitken has weighed into the debate around the Australian dollar, saying that a wave of hedge funds could be set to short the currency and the biggest winners would be industrial stocks, not resources. As ...
Tags: Australian Dollar, Charlie Aitken
The stockmarket was awash with fresh optimism that the dollar may finally be on a sustained decline as it plays catch-up to the fall in interest rates and commodity prices, reversing a major earnings headwind several sectors have faced for ...
The Australian dollar was holding marginally above parity with the US greenback after slipping below that level at the weekend for the first time in 11 months. The currency fell to 99.61 US cents on Saturday morning AEST, putting it ...
Tags: Australian Dollar, US greenback
The dollar remained below parity with the greenback as speculation about a winding back of US quantitative easing buoyed the American currency. The Australian dollar fell below 100 US cents shortly after 9am AEST today, repeating its ...
Tags: Australian Dollar, US Currency
The AWEX Regional Indicators finished 2.7% higher, on average, at sales in Sydney, Melbourne and Fremantle this week when the US exchange rate rose by 0.1%. It was a much stronger market in a small sale this week. There were good rises ...
Tags: AWEX Wool Indicator, Textile
The Australian dollar tumbled almost two US cents to its lowest level in more than 11 months and could move back below parity with the greenback in the next 24 hours. The currency fell to 100.47 US cents early today, its lowest level ...
Tags: Australian Dollar, currency
Chinese economic policy and an improving US economy appear to have achieved what the Reserve Bank couldn't this week: taking the wind out of Australia's plucky currency, which fell to 11-month lows in early trading yesterday and is expected ...
Local shares rose slightly in mixed trading yesterday as a lower Australian dollar led investors to sell banks and other high-yield plays in order to buy shares of companies that stand to benefit from a sustained fall in the exchange rate. ...
Investors will be watching the Australian dollar closely this week following its drop of nearly US2c late last week to just above parity with the greenback. The Australian currency closed in US trading on Friday at $US1.0017 after briefly ...
Tags: economy