| 06 Mar 2018 20:26 | The Business Times |
[SYDNEY] The Australian and New Zealand dollars ran into turbulence on Wednesday as renewed concerns about the risk of a global trade war spooked investors, while a soft reading on Australian economic growth added insult to injury.
moreThe Australian Dollar had a hard time making up its mind up on what to think of a local GDP release, probably because of distractions on prior developments.
more| 26 Feb 2018 15:11 | Business Insider Australia |
Likewise the weakness we saw in the US dollar during Asia washed away also with the DXY largely unchanged.” McKenna says Powell will likely “play a straight bat, or at least try to, but that it will be hard for him not to sound hawkish”.
moreFind out what the retail foreign exchange community makes of the Australian Dollar's chances here at the DailyFX Sentiment Page.
moreFollowing the release of the minutes at 11.30 AEDT, the Aussie dollar dipped from 75.58 US cents to 75.33 US cents by 12.47 AEDT - the lowest level since June.
moreThe Australian dollar hit a four-month low of $0.7574 the previous day on surprisingly weak reading on wages. It was last at $0.7587 AUD=D4.
moreThe Australian oil and gas company was reportedly the target of a proposed 11 billion Australian dollar ($8.34 billion) takeover, Reuters reported earlier, citing the Australian Financial Review.
more| 14 Aug 2017 14:52 | NEWS.com.au |
To put all this in perspective, the long term average of the Australian dollar against the greenback is in the mid to low 70 US cents.
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