The first trading session of the final month of the second quarter of the year began with the shared currency of the European Union advancing against the world’s reserve currency, spurred by stronger than expected economic data, Bloomberg reports.
The Australian dollar dropped to its lowest value since October 2011 against the world’s reserve currency on Wednesday amid concerns that mining investment is slowing, Bloomberg reports.
Speculation about the central bank of Australia preparing to cut borrowing costs pulled down the Australian dollar on Tuesday, Bloomberg reports. The prospective action by the Reserve Bank of Australia is viewed as an economy-spurring measure and it comes as the Australian government forecasts the nation's pace of development and growth will reduce its pace.… Read more.
Friday saw the Australian dollar dive toward parity with the world's reserve currency for the first time since the beginning of the second half of last year as concerns about Australia's economy were gaining momentum, according to Bloomberg. The Aussie's losses were linked with the Australian central bank cutting the country's projections for inflation as… Read more.
Strong employment data released by both New Zealand and Australia prompted the South Pacific nations' monetary units to gain in value against the majority of their rivals on Thursday, according to Bloomberg. Three consecutive days of losses for the Kiwi against the U.S. dollar ended while the Aussie rose against the monetary unit of Japan… Read more.
Tuesday saw the common currency of the European Union rise against the majority of its counterpart currencies, pushed up by Germany's release of stronger-than-anticipated economic data about industrial orders, Reuters reports. The euro is unlikely to hold those gains as the central bank of the region is projected to intervene as a method of spurring… Read more.
The Australian dollar is poised to mark another week of losses against the New Zealand dollar on Friday as the Reserve Bank of Australia is likely to cut borrowing costs next Tuesday when it convenes, Bloomberg reports. Speculation also is mounting that the central bank of the U.S. will not reduce measures to spur the… Read more.
Wednesday saw the Australian dollar remain high against the world's reserve currency as the Aussie preserved its strength from two consecutive trading sessions of gains, Bloomberg reports. The Aussie is poised to continue its upward drive as policy makers with the U.S. Federal Reserve convene for the second day of meeting on Wednesday. The Federal… Read more.
The reduced pace of production in China tugged down the monetary unit of Australia against many of its counterpart currencies on Tuesday, prompting speculation about the likelihood of additional intervention by the Reserve Bank of Australia, Bloomberg reports. For a third-straight day, the Australian dollar has lost value against the U.S. dollar. Australian and New… Read more.
Thursday saw the Australian dollar lose value against the majority of its counterpart currencies, strengthening speculation that the central bank of the South Pacific nation will slash interest rates to prompt development and growth, Bloomberg reports. The yields on three-year Australian bank notes dipped on Thursday after two-straight trading sessions of gains. New Zealand's manufacturing… Read more.