The Australian dollar slumped to a near three-year low during Asia trade after local economic data disappointed and Goldman Sachs warned the resource-rich country was at risk of a steep economic downturn. New government figures today ...
Tags: Australian Dollar, Service
The Australian dollar has closed firmer following an upbeat consumer sentiment reading and renewed pressure on the greenback. The currency touched US94.63c in late afternoon trading, up from US94.02c late on Tuesday. Twenty minutes ...
Tags: Consumer Sentiment, Service
The Australian dollar has closed firmer following an upbeat consumer sentiment reading and renewed pressure on the greenback. At 5pm today, the currency touched 94.63 US cents, up from 94.02 cents yesterday. Twenty minutes after ...
Tags: Australian Dollar, US Dollar
THE days of the Australian dollar soaring above the 100 US cent mark are over. So whether you're despairing that you can no longer afford that holiday in New York or rejoicing that your business is now more competitive, one thing is ...
Tags: Service
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
Simplot’s Tasmanian factory. Simplot Australia employees at the Bathurst, NSW and Devonport, Tasmania food manufacturing plants have been told that their places of work are under threat of closure. The company is experiencing ...
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
Simplot Australia, a subsidiary of US based J.R. Simplot, is evaluating the closure of its vegetable processing facilities in Bathurst, New South Wales and Devonport, Tasmania, a move which will result in 325 job losses. According to the ...
The Australian dollar fell to its lowest level since October 2011 amid weakness on global stock markets. The currency dropped to a low of 95.11 US cents early this morning. By 7am AEST it had recovered slightly and was trading at 95.46 US ...
Tags: Australian Dollar, Stock Markets
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
After their expectations reached a 24-year low in the previous quarter, businesses are indicating that price rises are on the agenda in the new financial year as they seek to retain profits while compensating for cost pressures and low ...
Tags: Service, Bank, Price Expectations
The Australian dollar is almost half a US cent lower after global investors reacted to yesterday' s interest rate decision. At 7am AEST the currency was trading at 96.50 US cents, down from 96.93 cents at yesterday’s local close. ...
Tags: RBA Statement, Australian Dollar
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