Australia's dollar has received its fair share of whacking lately and perhaps it's time to give the currency a bit of a break, currency strategists say.

Australian dollar gains at noon. 8 hours ago. Markets · Currency · Australian Dollar. Local currency recovers from falls on profit taking in early trade ahead of Bernanke speech.

Strong bull markets in stocks have historically coincided with Australian Dollar strength, and indeed the 2009 lows in the S&P occurred almost exactly as the AUDUSD established a lasting bottom.

The Australian dollar was little changed on the release of the minutes of the Reserve Bank of Australia's May board meeting.

The Australian dollar has surged past 98 US cents as the American currency takes a breather from its rally ahead of an economically-busy week.

The Australian dollar is overdue for a correction and is likely to settle around US90� this year as a continuing recovery in the world's biggest economy pushes the US dollar higher, currency experts say.

The Australian dollar is slightly firmer on Monday, after spending most of the past week in a downward spiral. At 1700 AEST the currency was trading at 97.57 US cents, up from 97.37 cents on Friday.

Australian dollar lifts on Wall St rally. 20 May, 7:38 AM. Markets · Currency · Australian Dollar. Local currency slightly higher after US stocks closed week at record highs.

Australia's currency is falling. One Australian dollar buys 97 cents, down from roughly $1.04 at the start of the year.

Predictions of a further drop in the Australian dollar have been welcomed by Hunter exporters who have struggled to remain competitive in global markets.