Posted On: May 14, 2013
The Australian dollar plunged on Tuesday against the world's reserve currency amid bets that the central bank of the South Pacific nation will slash interest rates as a measure of spurring the economy, according to Bloomberg.
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Posted On: May 10, 2013
The monetary unit of Australia was nearing parity with the U.S. dollar on Friday on foreign exchange markets, marking the first time that the currency was upon that point since July of last year, Bloomberg reports.
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Posted On: May 09, 2013
South Pacific monetary units surged against most rival currencies on Thursday on foreign exchange markets, spurred higher in the aftermath of economic data indicating reduced joblessness in both countries, Bloomberg reports.
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Posted On: May 06, 2013
The Australian dollar was slumping on Monday on foreign exchange markets after economic data revealed the retail sales earlier this month were weaker than expected, according to Bloomberg.
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Posted On: May 03, 2013
Speculation about the central bank set to slash interest rates next week is pushing the Australian dollar toward its lengthiest run of weekly losses against the New Zealand kiwi on foreign exchange markets on Friday, according to Bloomberg.
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Posted On: May 01, 2013
The monetary unit of Australia preserved two-days-worth of advances against the U.S. dollar on foreign exchange markets on Wednesday amid confidence that the U.S. central bank will keep intact its adherence to quantitative easing programs, according to Bloomberg.
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Posted On: April 26, 2013
The monetary units of Australia and New Zealand achieved a third consecutive trade session of gains on Friday on foreign exchange markets against the U.S. dollar amid speculation that worldwide central banks will continue with monetary stimulus programs, according to Bloomberg.
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Posted On: April 23, 2013
The Australian dollar was losing value against most of its rival currencies on Tuesday on foreign exchange markets amid indications of the reduced pace of manufacturing in a top trade partner, according to Bloomberg.
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Posted On: April 11, 2013
The monetary unit of Australia dropped against most of its top rivals on Thursday on foreign exchange markets, adding to the growing belief that the Reserve bank of Australia will reduce interest rates as a strategy of spurring growth, according to Bloomberg.
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Posted On: April 10, 2013
South Pacific monetary units achieved gains on Wednesday against their top rivals on foreign exchange markets after a top trade and commerce partner released strong economic data, according to Bloomberg.
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