The villain has been Australia's dollar: Up 77 percent versus the yen since October 2008, it has helped send Japanese car imports to a record and sales of domestically made vehicles down 18 percent in four years.

It came as Goldman Sachs's Hong Kong office said in a note overnight that its �top trade recommendation� was to be short the Australian dollar versus the Norwegian Krone. Last week, high profile Bell Potter stockbroker Charlie Aitken predicted that a ...

The Australian dollar is back on a downward spiral, reversing solid gains made overnight, as markets continue to react to recent statements from United States Federal Reserve Chairman Ben Bernanke.

The Australian dollar has surged more than one-and-a-half US cents higher from Thursday's low point, as the United States dollar lost ground against all the major currencies.

INVESTMENT banks have continued to go cold on the Australian dollar, with Credit Suisse's global strategists telling clients the Aussie could fall to US85c in 12 months because "this time it's structural".

Wall Street saw its biggest one day swing in six months and the Australian dollar dropped overnight as investors raised concerns that the US Federal Reserve will scale back its stimulus program shortly.

The Australian dollar fell 0.6 percent to 96.92 U.S. cents as of 9:52 a.m. in Sydney after yesterday touching 95.94, the least since June 1. It fell 0.2 percent to 99.23 yen.

The Australian dollar appears to be less of a factor than some believe in encouraging offshore investors to buy Australia's commercial property, research by Jones Lang LaSalle suggests.

SYDNEY�The Australian dollar's hefty monthlong decline continued Thursday after U.S. Federal Reserve Chairman Ben Bernanke hinted the central bank might start winding back economic stimulus in the coming months.

At market close yesterday, the Australian dollar was buying just over 96 US cents, a stark contrast from April when it was up around $1.05.