Australia is no longer an emerging market. Its economy has developed enough for its currency to be put on a par with the US dollar, the yen, the pound, the Swiss franc and the euro. But Australia may not actually like that. The IMF data, suggesting ...
THE dollar's coming of age as a global reserve currency has resulted in a $200 billion buying spree by central banks and sovereign wealth funds since the global financial crisis, adding an estimated US6c-US8c to the dollar's value, according to new ...
The Australian dollar is weaker as traders continue to sell in the absence of any good news on the local economy. At 1200 AEST, the Australian dollar was trading at 94.69 US cents, down from 94.92 cents on Tuesday. Easy Forex currency dealer Tony ...
The Australian dollar was lower Tuesday after the central bank left the door open for more interest rate cuts and forecast the currency might fall further as commodity prices slide.
The Australian dollar might fall further as export prices eased, the country's central bank said, as it repeated that it had room to cut interest rates again, according to minutes of its June 4 meeting, at which it held the bank rate steady.
MARKETS SPECTATOR: Betting on a Bernanke boost. If, as expected, Ben Bernanke signals no end to quantitative easing this week the Australian dollar might add to its 3.1 per cent rise seen over the past seven days.
Information is provided "as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed. To see all exchange delays, please see disclaimer.