THE Australian dollar was slightly higher yesterday after taking a roller-coaster ride in the previous 24 hours. On Thursday afternoon the currency dropped to an almost three-year low of US94.35c, but in offshore trade on Thursday night ...
Tags: Service
THE Australian dollar has jumped sharply higher in a morning of volatile trading. The currency hit a two-and-a-half year low of 94.35 US cents shortly after midnight AEST before staging an impressive recovery. It climbed almost ...
Tags: Service
The Australian dollar is slightly higher after it was taken on a roller coaster ride over the past 24 hours. The currency dropped yesterday afternoon to an almost three-year low of 94.35 US cents, but in offshore trade last night it ...
Tags: Dollar, US Economic Figures
Further falls have been forecast for the Australian dollar, which yesterday dived below the US95c mark to levels not seen since October 2011. Speculation that the US Federal Reserve will begin to slow its monetary stimulus sooner than ...
Tags: Aussie Dollar, US95c
The Australian dollar came under a fresh wave of selling yesterday on news of weaker-than-expected economic growth in the first quarter, which reignited talk of further rate cuts this year. Government figures showed gross domestic product ...
Tags: Australian Dollar, Rate Cuts
The Australian dollar was more than one US cent higher following the release of disappointing US manufacturing figures. At 7am AEST the currency was at 97.70 US cents, up from 96.46 US cents at yesterday’s local close. Westpac New ...
Tags: Australian Dollar, US Factory Data
The worst month on the stockmarket in a year has taken the wind out of investors, with confidence retreating from highs earlier this year amid increasing concern about the global economy and the endgame for stimulus from central banks. ...
Tags: Stockmarket, May
Better than expected economic data provided a cushion for the Australian dollar yesterday, with a sharp rebound in home building and still-resilient corporate investment plans easing the need for the central bank to cut rates again. But ...
Tags: Aussie Dollar, RBA
The Australian dollar fell after another batch of good US economic data cemented hopes of a winding down of economic stimulus measures by the US central bank. At 7am AEST the local unit was trading at 96.16 US cents, down from 96.55 cents ...
Tags: dollar, Australian, US Data
The S&P/ASX200 has closed down 2 per cent at 5062.4, as slower Chinese manufacturing activity in May combined with signs that the US Federal Reserve could start rolling back its bond-buying program to send the local sharemarket to its ...
RATTLED investors are on high alert after the stockmarket suffered its worst week in a year and the Australian dollar slid to a 12-month low on fresh concerns about the slowing pace of global economic growth. Capping a wild week for ...
Tags: Sharemarket, Horror Week, Alert
A SHOCK contraction in Chinese manufacturing and the prospect that the US Federal Reserve could soon unwind its quantitative easing measures rocked local markets yesterday, pushing the Australian dollar close to an annual low and wiping ...
According to the provisional data released by the Central Bank of the Republic of Turkey, in May this year the capacity utilization rate in the Turkish basic metal manufacturing industry was 75 percent, down 2.7 percentage points compared ...
Nepalese billionaire Binod Chaudhary is reportedly planning to install a state-of-the-art cement plant in Jaffna, eastern Sri Lanka. At a cost of US$75 million it has not yet been reported what the production capacity of the new plant will ...
Tags: Shows Market, Construction
THE stockmarket opened lower after comments the Federal Reserve overnight suggested stimulus activity in the US may soon be eased. At 10.34am AEST the benchmark S&P/ASX200 index was down 44.5 points, or 0.86 per cent, at 5120.9 points. ...
Tags: economy