At 1700 AEST on Wednesday, the currency was trading at 97.82 US cents, down from 98.17 cents on Tuesday. The Australian dollar fell following the release of the Westpac/Melbourne Institute May consumer sentiment survey, which showed pessimists ...
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 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.
After US Federal Reserve Chairman Ben Bernanke announced a step back from US bond buying in the early hours of Thursday morning AEST, the Australian dollar immediately fell one cent against its US counterpart. The S&P/ASX 200 (XJO.AX) (^AXJO) ...
The Myer boss said a lower Australian dollar would deter consumers from buying on foreign websites and travelling overseas, while also attracting more tourists to our shores.
It's been a volatile morning for the Australian dollar as the chairman of the US Federal Reserve was grilled about the future of economic stimulus to the American economy.
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