At 7.30am (AEST), the Australian dollar was buying US93.73c, down from US93.92c at the close of local trading yesterday. Over the past 24 hours the currency has moved within a tight band of US93.70c to US94.02c.
The Australian dollar has drifted back below US94� as the greenback strengthens on dwindling risk appetite. At 10:15am AEST on Monday, the local currency was trading at US93.92, down from 94.15 cents on Friday.
The Australian dollar is set to dive to its lowest level in half a decade. This year's BusinessDay economic survey has it hitting US86� by June 30, a fall of 8 per cent from its recent range of US93� to US94�.
The Australian Dollar (AUD) to US Dollar (USD) exchange rate (AUD/USD) is currently trading down at 0.9385, after concerns over geo-political tensions have caused volatility for the Australian commodity currency.
Pound Sterling To Australian Dollar (GBP AUD) Exchange Rate Volatility Depends On UK Data. Posted on 27 Jul at 8 PM 2014 (Updated 27 Jul) by Yvic Carr - Tags: Euro, US Dollar, Australian Dollar, British Pound, Forex Trading, Currency News, Currency ...
The Australian dollar rose in late trading on Thursday after easing lower throughout the day on mounting bets that the US will hike rates sooner than expected and that the next move in Australian rates will be down rather than up.