The Australian dollar on Friday slipped against the U.S. dollar as its top partner for trade and commerce prepares to release what is expected to be weak economic data, Bloomberg reports.
The Australian dollar on Thursday lost value against the U.S. dollar, slumping to its trough of nearly 24 months against the world’s reserve currency, Bloomberg reports.
The reduced pace of development and growth in Australia pulled down the value of the nation’s monetary unit on Wednesday, Bloomberg reports.
The Chinese yuan on Tuesday achieved a second-straight day of advances against the U.S. dollar, Bloomberg reports.
The monetary unit of Australia advanced on Monday on foreign exchange markets amid economic data noting China’s economic hiccups appear to be slowing, according to Bloomberg.
Delayed imports to Japan pulled down wheat futures on Thursday as the grain was pushing toward its sharpest monthly drop since this past February, according to Bloomberg.
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.
The South African rand has been performing poorly because of resistance against it and the monetary unit is weaker than it really should be, the nation's finance minister told Bloomberg news on Thursday. Having lost about 5.8 percent of its value thus far this year against the U.S. dollar, the South African rand is being pinched by… Read more.