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.

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 ...

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.

SYDNEY--The Australian dollar slipped during quiet Asia trade on Wednesday as dealers wait for testimony by U.S. Federal Reserve Chairman Ben Bernanke.

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.

Economists aren't convinced current weakness in the Australian dollar will continue, according to a survey of 15 banks by The Wall Street Journal on Monday.

Australian dollar gains at noon. 21 May, 1:15 PM. Markets · Currency · Australian Dollar. Local currency recovers from falls on profit taking in early trade ahead of Bernanke speech.

Excitement is building that the Australian dollar might fall further and deliver better export returns to agriculture. At lunchtime, the dollar fell to 97.9 US cents, after weaker consumer figures were released in Australia.

THE Australian dollar lost ground after commodity prices fell in overnight trade and as traders await tonight's testimony to Congress by US Federal Reserve Chairman Ben Bernanke.

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