The Australian dollar has dropped back below 78 US cents following a surge in the greenback and suggestions that the Reserve Bank is willing and able to cut rates again. 138 more words
Tags » AUSTRALIAN DOLLAR
The Australian dollar has reached a new record low against the New Zealand dollar ahead of Thursday night’s European Central Bank policy meeting.
At 8:05am AEDT on Thursday, the local currency was trading at 102.88 New Zealand cents, down from 103.51 cents on Thursday – the lowest level since the kiwi was floated in 1985. 12 more words
Corporate watchdog ASIC has confirmed it is looking into a sharp jump in the Australian dollar moments before yesterday’s rate announcement.
The Australian dollar strengthened sharply against the US dollar yesterday, just seconds before Australia’s central bank surprised some investors by holding rates steady. 50 more words