The Australian dollar has continued to gain ground after the release of better-than-expected retail spending figures. At 6.30am AEDT the local unit was trading at 102.54 US cents, up from 102.44 cents at yesterday’s local close. ...
The federal government's commodity forecaster expects the Australian dollar to remain strong in the short term, averaging $US1.04 in 2013-14. The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) says the ...
Tags: dollar, Australian dollar, currency
The Australian dollar is more than half a US cent higher ahead of the Reserve Bank of Australia's March interest rate decision. At 6.30am AEDT, the currency was trading at 101.81 US cents, up from 101.25 US cents on Monday afternoon. ...
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The Australian dollar tumbled to its lowest level in eight months in Asian trading yesterday after China announced new measures to cool property prices, fuelling speculation that demand for Australia's commodities may weaken. The dollar ...
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The local sharemarket retreated from a 4 1/2-year high yesterday before last-minute budget talks at the White House aimed at avoiding $US85 billion ($83bn) of automatic US spending cuts, the so-called sequester, which were due to take ...
Tags: sharemarket, Shares, benchmark
Australian manufacturing showed some tentative signs of improvement in February with the rate of contraction across the sector easing in the month. The latest Australian Industry Group Australian Performance of Manufacturing Index ...
Tags: Australian manufacturing, tentative signs, improvement
The Australian dollar was lower late today as the US dollar strengthened broadly in the wake of more solid economic data from the world's largest economy. Initial claims for US jobless benefits last week dropped to 344,000, compared with ...
Tags: Aussie dollar, Australian dollar, US cents
The Australian dollar is lower following the release of weaker Chinese manufacturing data on Friday and the onset of automatic spending cuts in the US. At 6.30am AEDT today, the currency was trading at 101.99 US cents, down from 102.36 US ...
Tags: Australian dollar, currency, US cents
The Australian dollar drifted almost half a US cent lower overnight, partially reversing gains made after the release of domestic capital expenditure figures yesterday. At 6.30am AEDT the currency was trading at 102.28 US cents, down from ...
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Australian shares rose to a 4 1/2 year high yesterday on strength in Asian and European markets. US economic data beat expectations and central bankers in Europe and the US reassured investors easy monetary policy will continue. ...
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The Australian dollar was sharply higher today after companies reported better-than-expected investment intentions for the coming year. The solid investment report triggered heavy buying of the Australian dollar as traders reduced bets on ...
The Australian dollar slumped to its lowest level in more than four months overnight after improved US economic figures and comments from Federal Reserve chairman Ben Bernanke's boosted the greenback. At 7am AEDT the currency was down ...
Tags: Australian dollar, US economic, dollar
The Australian dollar has closed lower in response to weaker than expected Chinese data. At 5pm today, the currency was trading at 102.79 US cents, down from 103.13 cents on Friday. The Australian dollar touched its intraday low of ...
The Australian dollar softened yesterday after weaker-than-expected Chinese manufacturing data raised concerns over the momentum of recovery in the world's second-largest economy and Australia's biggest trading partner. The preliminary ...
Tags: PMI, Australian dollar, dollar
The Australian dollar regained losses incurred after Italian election results added to concerns the debt-ridden country could abandon austerity measures. At 7am AEDT the currency was trading at 102.89 US cents, up from 102.79 US cents at ...
Tags: Australian dollar, currency, US cents