The Australian dollar appears to be less of a factor than some believe in encouraging offshore investors to buy Australia's commercial property, research by Jones Lang LaSalle suggests.
At 1700 AEST on Wednesday, the currency was trading at 97.82 US cents, down from 98.17 cents on Tuesday. The Australian dollar fell following the release of the Westpac/Melbourne Institute May consumer sentiment survey, which showed pessimists ...
The Australian dollar has surged more than one-and-a-half US cents higher from Thursday's low point, as the United States dollar lost ground against all the major currencies.
The Australian dollar is slightly lower, as traders speculate over the likelihood the United States central bank will wind down its economic stimulus program.
SYDNEY--The Australian dollar's hefty month-long decline continued Thursday after U.S. Federal Reserve Chairman Ben Bernanke hinted the central bank might start winding back economic stimulus in the coming months.
The Myer boss said a lower Australian dollar would deter consumers from buying on foreign websites and travelling overseas, while also attracting more tourists to our shores.
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