The Australian dollar hit a five-week low after Wall Street was dragged down by falls in the share price of US banking stocks and Apple. At 6.30am AEDT the local unit was trading at 102.94 US cents, down from 103.63 cents at ...
Tags: Australian dollar, dollar
THE sharemarket rose the most in seven sessions after commodities and offshore equities saw some recovery from recent weakness caused by China's disappointing economic growth data, the collapse in gold prices and the Boston bombings. ...
Tags: economy
THE Australian dollar was slightly higher as Wall Street gained 1 per cent, bouncing back after heavy losses yesterday. At 6.30am AEST the local unit was trading at 103.91 US cents, up from 103.72 cents at yesterday's local close.
Tags: economy
With the ongoing trend for businesses to move operations, particularly manufacturing, off-shore, it makes for a refreshing change to see a company going against this trend and electing instead to bolster the number of workers at its ...
Tags: Service
The dramatic sell-off in resources stocks accelerated yesterday and the Australian dollar fell as investors focused on plunging gold and commodity prices and concerns about slowing growth in China. Goldminers again led the local ...
Tags: Markets Tumble, Resources Stocks
The dollar has fallen sharply following news of slower economic growth in China. At 5pm AEST today, the Aussie was at $US1.0433, down from $US1.0546 on Friday afternoon. CMC markets foreign exchange dealer Tim Waterer said the currency ...
The Australian dollar fell sharply in Asian trading yesterday on news that economic growth in China, Australia's largest trading partner, was much slower than expected in the first quarter of this year. At 5pm AEST, the dollar was buying ...
Tags: Aussie Dollar, GDP growth
The Australian dollar neared 105 US cents after falling during weekend offshore trading. At 6.23am AEST the Australian dollar was at 105.11 US cents, down from Friday's local close of 105.46 US cents. During the weekend offshore ...
Tags: Australian dollar, currency
The Wool Market The market has turned down since the lift in prices in January, when the AWEX Eastern Market Indicator (EMI) rose by 39¢ to 1111¢. Unfortunately, a series of downturns during March took the EMI back to 1059¢ ...
Tags: Wool Indicator, AWEX Wool, Wool Market
The former boss of Ford’s global operations says the death of the Australian automotive manufacturing industry appears “inevitable”. Ex-Ford Motor Company CEO and now BHP Billiton chairman Jac Nasser says a combination ...
Tags: Automotive Industry, Ford CEO
The Australian dollar sat just under 105.5 US cents heading into the start of the local trading day. At 6.30am AEST the Australian dollar was at 105.48 US cents, up from yesterday’s local close of 105.21 US cents. During the ...
THE Australian dollar rose above 105.5 US cents in offshore trading. At 6.30am AEST the Australian dollar was trading at 105.42 US cents, up from yesterday's local close of 105.09 US cents. During the overnight session, the local ...
Tags: economy
THE dollar hit a fresh 10-week high following gains on US sharemarkets, but lost some ground after disappointing jobs figures. At 5pm AEST, the currency was trading at $US1.0521, up US0.12c. It had earlier climbed to $US1.0551, its ...
Tags: economy
The Australian dollar opened higher as a fresh bout of US dollar weakness and firmer commodities prices pushed the local currency towards 105 US cents. At 7am AEST the dollar was at 104.90 US cents, up from yesterday’s local close ...
The Australian dollar surged against the US dollar to its highest level in 2 1/2 months on the back of data that showed solid growth in exports to China, the nation's largest trading partner, over the past year. Australian exports to ...
Tags: Dollar, Exports Figures