The Australian dollar has jumped to its highest level in more than two weeks following a stronger-than-expected rise in Chinese exports and imports. At 17:00 AEDT, the Australian dollar was trading at $US1.0549, up from $US1.0508 ...
Tags: Australian dollar, Dollar, currency, trade surplus
A big jump in China's trade surplus buoyed the Australian dollar as dealers bet that the world's second-biggest economy was recovering faster than expected. China's monthly trade surplus widened to $US31.6 billion ($29.9bn) in December, ...
Tags: Dollar, trade surplus, Australian dollar, currency
The Australian dollar has pushed back above $US1.05, despite the release of weaker-than-expected retail spending figures. At 5pm AEDT, the dollar was trading at $US105.08, up US0.26c. Easy Forex currency dealer Francisco Solar said the ...
The Australian dollar has continued to rise above 105 US cents in overnight trading. At 6.20am AEDT the Australian dollar was trading at 105.15 US cents, up slightly from yesterday’s local close of 105.08 US cents. During the ...
Australian businesses are increasingly settling their Chinese trade with the local currency rather than US dollars, as the world's second-biggest economy and Australia's biggest trading partner seeks to boost the yuan's global clout. ...
Tags: Australian businesses, Chinese trade, local currency, US dollars
The Australian dollar was trading lower late today after the country posted its widest trade deficit in nearly five years. The trade deficit for November widened to $2.6 billion from $2.4bn in October, the Australian Bureau of Statistics ...
Tags: Australian dollar, trade deficit, Australia, currency
The Australian dollar's moves yesterday reflected the differing pressures on the currency as a major international bank, HSBC, yesterday expressed concern about its long-term strength. The dollar broke through the $US1.05 level in trading ...
Tags: HSBC, dollar, international bank, Australian dollar
THE Australian dollar remained close to 105 US cents after rising slightly during overseas trading. At 6.20am AEDT the Australian dollar was trading at 104.93 US cents, up slightly from yesterday’s local close of 104.82 US cents. ...
Tags: Australian Ollar, overseas trading, Australian economy, Australian dollar
The trade deficit for November widened to $2.6 billion, from $2.4bn in October, the Australian Bureau of Statistics said. That was the biggest monthly shortfall since March 2008 and wider than analysts' expectations of $2.3bn. At 5pm AEDT ...
Tags: trade deficit, Australian Bureau of Statistics, Australia
DATA showing only modest growth in US jobs during December dampened expectations that the Federal Reserve will bring its bond-buying program to an end sooner than expected, weighing on the greenback and helping lift the Aussie dollar in the ...
The Australian dollar rose this morning,after pushing above 105 US cents during the US trading day. At 6.20am AEDT the Australian dollar was trading at 104.87 US cents,up slightly from yesterday's local close of 104.72 US cents. During ...
Tags: Australian Dollar, US cents, trade balance, Dollar
The Australian dollar is expected to face a"difficult year"this year,as concerns about risks to the world economic environment ease and weak domestic factors come into play,according to a new report by HSBC's currency analysts. "While the ...
Tags: Fresh Headwinds, Australian dollar, risk, resilient performance
The Australian dollar fell during Asian trade yesterday after the minutes of the US Federal Reserve's December meeting showed some policymakers were pushing for its bond buying program to end as soon as this year. The Fed minutes showed a ...
Tags: Australian dollar, Asian trade, Federal Reserve, Fed minutes
The Australian dollar is higher, getting some support from stronger iron ore prices and gains on the local sharemarket. Mr Hans Kunnen, St George chief economist said that the local dollar's rise was not because of the US budget ...
Tags: Australian dollar, iron ore, prices, sharemarket
The sharemarket closed higher for a second day yesterday, buoyed by a last-minute budget deal in the US that drove global equities and commodity prices sharply higher on Wednesday night. The benchmark S&P/ASX 200 finished up 0.7 per cent ...
Tags: sharemarket, US, global equities, commodity prices