THE Australian dollar is higher after a comment from Reserve Bank governor Glenn Stevens that caused the local currency to fall to a three-year low was dismissed as a lighthearted remark. At 5pm today, the local unit was trading at 91.06 ...
Toyota Australia has reported an after-tax profit of $149.1 million for the 2012-2013 financial year ending March 31. The positive fiscal result represents a $181.7 million turnaround from the natural disaster-affected 2011-2012 financial ...
Tags: Toyota, Transportation, car
The Australian dollar has opened firmer despite some positive US manufacturing activity data. At 6.30am AEST the local unit was trading at 92.36 US cents, up from 91.99 cents at yesterday’s local close. The currency regained ...
THE Australian dollar has opened at its weakest level since August 2010 as US equity markets slide. At 6.30am AEST the local unit was trading at 91.17 US cents, down from 92.62 cents at Friday's local close. The currency fell below 92 ...
Tags: Australian Dollar, economy
CENTRAL banks loaded up on the Australian dollar in the first quarter, just before the currency began a steep descent that would see it touch its lowest level in nearly three years, data from the International Monetary Fund shows. The ...
Tags: Service, economy, Central Banks
THE Australian dollar pared its gains after a change to the nation's leader and weaker-than-expected economic growth figures out of the US prompted an earlier rally. The local unit was trading at 92.75 US cents at 6.30am AEST,down from ...
Tags: economic growth, Australian Dollar, GDP, economic stimulus
The Australian dollar continued to fall today, sparking the biggest one-day sell-off in government bonds since the turmoil in global markets that followed the collapse of US investment bank Lehman Brothers in late 2008. Bond traders said ...
The Australian dollar was slightly lower as the US dollar continued to strengthen following last week's news that the US central bank may wind up its economic stimulus program. At 6.30am AEST the local unit was trading at 92.12 US cents, ...
The Aussie slumped to a fresh 33-month low today as the US central bank signalled plans to rein in its stimulus program before the end of the year and China's economy showed more signs of a slowdown. At 5pm AEST, the Aussie was trading at ...
Hints that the Federal Reserve could pull back on its easing efforts later this year sent stocks broadly lower, with high-dividend-yielding stock sectors leading declines. After falling modestly in the initial minutes following the ...
The Australian dollar fell as speculation of a scaling-down in US stimulus measures boosted the greenback. At 7am AEST the local unit was trading at 94.86 US cents, down from 94.92 cents at yesterday’s local close. With the US ...
Tags: Australian Dollar, Speculation
The Australian dollar weakened despite another firmer finish on Wall Street. At 6.30am AEST the local unit was trading at 95.56 US cents, down from 96.21 cents at yesterday’s local close. The Australian dollar, a risk appetite ...
Tags: Australian Dollar, US Stock
The Aussie fell after the central bank left the door open for more interest rate cuts and forecast the currency might fall further as commodity prices slide. The minutes of the Reserve Bank of Australia's policy meeting on June 4 showed ...
The Australian cane industry is enjoying a period of rejuvenation, helped by an increase in foreign investment. Picture: Lyndon Mechielsen Source: The Australian This year's Australian sugarcane harvest has started in north Queensland ...
Tags: Cane Industry, Australia
The dollar's coming of age as a global reserve currency has resulted in a $200 billion buying spree by central banks and sovereign wealth funds since the global financial crisis, adding an estimated US6c-US8c to the dollar's value, ...
Tags: Australian Dollar, JP Morgan