The recent landmark currency agreement between Australia and China is good news for Australian manufacturers. Under the agreement, exporters will be able to directly trade the Australian dollar with the yuan and vice versa. The deal, ...
Tags: Currency Deal, Boost Trade
Holden managing director Mike Devereux has cited the decline in Holden Cruze sales as “mostly attributable” to the Adelaide manufacturing job losses announced today. Devereux listed the strength of the Australian dollar, ...
Tags: Holden Cruze, car, Auto
The Australian dollar was lower yesterday after worldwide confidence was dented by news on Friday of weaker than expected employment growth in the US last month. At 5pm, the dollar was buying $US1.0379, down US0.36c. The US jobs report ...
Tags: Aussie Dollar, Dollar
The Australian dollar was lower today after world-wide confidence was dented by news on Friday of weaker-than-expected employment growth in the US in March. The Australian dollar was trading at $US1.0373 in late afternoon trading compared ...
Tags: Australian dollar, dollar
THE Australian dollar sits below 104 US cents heading into the start of the local trading week. At 6.30am AEST, the Australian dollar was at 103.63 US cents, down about half a cent from Friday's local close of 104.15 US cents. During ...
Tags: Australian Dollar
Australian investors will be keeping an eye out for Chinese and US economic data this week, as well as any developments in North Korea. The Australian market is expected to open lower today after falls on Wall Street and in Europe. The ...
The cotton growers of Australia are likely to produce 4.15 million bales of 217 kg each by the end of this fiscal year, which ends on June 30, 2013. According to Cotton Australia, a leading body for Australia’s cotton industry, ...
Tags: Cotton, Cotton Industry, Cotton Market
A sharp fall in the value of the yen has pushed the Australian dollar lower against the greenback. Tthe currency was trading at at $US104.15c in later afternoon trading, down from $US104.41c late yesterday. Commonwealth Bank currency ...
Tags: Australian Dollar, economy, Traders Dump
The Australian dollar was trading just below its two-month high late today after government data showed retail sales surged again in February. Retail sales rose a seasonally adjusted 1.3 per cent in February from January, when they rose ...
After moderating in February, Australian manufacturing performance was marginally weaker in March, hit by a decline in exports and fall in new orders. This is the 14th consecutive month the sector has contracted, according to latest ...
THE Australian dollar rose today on better-than-expected February trade data but failed to sustain gains as traders wait for central bank meetings. The Bank of Japan and the European Central Bank hold policy meetings in the coming days, ...
Tags: Australian Dollar, economy
Fewer executives are planning to make a capital investment in their business during the coming months, with investment expectations among Australian businesses fading in the lead-up to the middle of the year. Amid a broad drop-off in ...
THE Australian dollar pushed higher during Asia trade today, helped by a weaker greenback and after the Reserve Bank of Australia said interest rate cuts are starting to flow through the economy, buoying market expectations that the bank's ...
Tags: economy
The Australian dollar fell sharply today after China announced a tightening of controls on high-yielding financial products that form a key part of the country's shadow-banking system. Traders said the announcement highlighted risks that ...
Tags: Financial Rules, Australian Dollar, high-yielding financial products
THE Australian dollar retreated from two-month highs in Asia today largely in line with broad support of the US dollar. Traders said speculation of further monetary policy easing in Japan dominated trading in Asia, weakening the yen and ...
Tags: Australian Dollar, economy