Inflation Comes in Higher Than Expected – The Australian currency surged almost a full US cent to $US1.1063 after the government reported key measures of underlying inflation rose by 0.9 per cent in the second quarter. That was above forecasts of a moderate 0.7 percent rise and matched the worrying increase recorded in the first [...]
Tags: Aussie Dollar, Inflation
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Aussie Dollar Just Keeps on Climbing – The dollar rose as high as 67.59 pence before closing at 67.54 pence, up from 67.25 pence after the Bank of England left rates at a record low yesterday. Market players today have stayed on the sidelines ahead of a key US employment report. At 5pm (AEST), the [...]
Tags: Aussie Dollar
Posted in Money
Last week the Australian dollar hit 98 U.S. cents putting a smile onthe faces of australian shoppers but putting a strain on australian exporters. The american economy is still reeling from a nasty recession. They have high unemployment numbers and their housing market is still a disastor. All these factors have contributed to a weak [...]
Tags: American Dollar, American Economy, Aussie Dollar, Australian Dollar, Australian Economy, Australian Exporters, Disastor, Faces, Housing Market, Nasty Recession, New Numbers, Parity, Shoppers, Smile, Thailand, Unemployment Numbers, Vietnam
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Australian Dollar Continues It’s Rise – The Australian dollar traded near a two-year high, after the release of central bank minutes pointing to increased odds of an October interest rate rise. At 5pm Australian Eastern Standard Time, the dollar was trading at 94.54 US cents, a touch down from yesterday’s close of 94.55 cents. The [...]
Tags: Aussie Dollar, Australian Dollar, Australian Eastern Standard Time, Bank Of Australia, currency, Eastern Standard Time, Guidance, Interest Rate Rise, Leads, Mulcahy, Odds, Profits, Reserve Bank Of Australia, risk, Second Time, Sidelines
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Importers are struggling to cope with a weaker Australian dollar after the 11-month rally that drove it as high as 94 US cents came to an abrupt end. Turmoil on international markets, triggered in large part by debt default fears for several European nations, has stoked global growth jitters. The Aussie dollar, tied closely to [...]
Tags: Aussie Dollar, Australian Dollar, Christmas Sales, Commodity Prices, Corporate Clients, currency, Debt Default, Fears, Global Growth, Importers, International Markets, Jitters, Local Businesses, Profits, Purveyors, Queries, Rally, Retail Sector, Senior Consultant, Turmoil
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