It was the star of this year’s Detroit auto show, however speculation that the all-new Chevrolet Corvette Stingray will be produced in right-hand-drive and make it to Australian shores has been hosed down by General Motors. GM vice ...
Tags: Chevrolet Corvette, Oz, Commodore Ute, US
The Australian dollar rose steadily yesterday as Chinese stocks started the week with a strong performance. However, it was well down on Friday. The Shanghai Composite index was up 2.1 per cent, buoyed by remarks from the head of China's ...
The Australian dollar fell, despite getting a boost from a 2 per cent surge on the Shanghai share market during the local trading day. At 5pm AEDT the Australian dollar was trading at 105.56 US cents, down from Friday's local close of ...
Tags: Australian dollar, share market, US cents
The Australian dollar was slightly higher ahead of a speech by US Federal Reserve chairman Ben Bernanke. At 6.30am AEDT the currency was trading at 105.68 US cents, up from 105.56 US cents at yesterday’s local close. The currency ...
Tags: Australian dollar, currency, stock markets
The Australian dollar was almost half a US cent lower after investors sold off the currency on Friday night in response to Chinese inflation figures. At 6.30am AEDT the Australian dollar was trading at 105.39 US cents, down from 105.82 US ...
Tags: Australian Dollar, Chinese inflation figures, currency, economy
In a speech to be delivered today in Hong Kong, the Treasurer says he is due to hold further talks with Hong Kong financial secretary John Tsang this week in a bid to increase yuan investment and trade with Australia. The negotiations to ...
Tags: Hong Kong, Treasurer, finance, global trade payments
The Australian dollar surged and shares reversed early falls as China trade data showed the economic recovery of the world's second-largest economy is accelerating and exceeding market expectations. China's trade surplus rose sharply last ...
Tags: Australian dollar, shares, economic recovery, trade surplus
The Australian dollar is close to 106 US cents after touching a near four-month high in offshore trading on the back of a stronger gold price, a rally on equity markets and positive comments from the European Central Bank (ECB). At 7am ...
Tags: Dollar, stocks, gold rally, US cents, gold price
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