The value of the Australian dollar fell Wednesday against the U.S. dollar after a government report showed the country's trade deficit widened the most in almost four years, Bloomberg reports. Though the Reserve Bank of Australia pulled down interest rates by 0.25 points on Tuesday, the likelihood that the body will cut rates again is… Read more.
The monetary unit of Australia remained low against the world's reserve currency on Tuesday as a report was forecast to note consumer confidence in France is dropping as the sovereign debt crisis lingers in the euro zone, Bloomberg reports. The dollars of Australia and New Zealand were not too demanded in the aftermath of an… Read more.
Early Thursday saw the common currency of the European Union's steepest fall in roughly two months against the U.S. dollar, a third straight day of losses, Bloomberg reports. The embattled monetary unit fell after an index of services and manufacturing in the euro zone fell to its lowest in about 36 months. The euro also… Read more.
Friday saw the monetary unit of Australia push to its highest value in four weeks against the U.S. dollar as the world's reserve currency reeled in the aftermath of Fed chief Ben Bernanke announcing on Thursday that the Fed will implement a third round of quantitative easing, Bloomberg reports. The Bernanke announcement also continued to… Read more.
Wednesday saw the monetary unit of Australia climb to its top value in almost three weeks against the world's reserve currency as demand for riskier assets grew, Bloomberg reports. The Australian dollar also benefited from speculation about the globe's two largest economies preparing to implement strategies of spurring renewed activity, climbing against most of its… Read more.
The common currency of the European Union drove toward its two-week high against the monetary unit of Japan on Tuesday as speculation grew about the European Central Bank announcing later this week that it will purchase bonds of nations suffering under the duress of the sovereign debt crisis, according to Bloomberg. The 17-nation currency also… Read more.
The Australian dollar was advancing toward its highest level in four months on Monday in anticipation of a rate cut for the Reserve Bank of Australia when the body convenes on Tuesday, Bloomberg reports. Also rising in value was the New Zealand dollar, which headed toward its top level in three months. Another factor benefiting… Read more.
South Pacific dollars were driving lower in value on Monday, marking the second consecutive session of drops as the severity of the sovereign debt crisis deepens, Bloomberg reports. The Australian dollar lost value against the Japanese yen as economic data indicated inflation in Australia relaxed while the New Zealand dollar lost value against all 16… Read more.
South Pacific currencies lost value against their major counterparts on Friday, pulled down by Asian stocks' poor performance, according to Bloomberg. The Australian dollar dipped again on Friday against the U.S. dollar after economic data indicated the nation's trade deficit was thinner than projected to be. Australian Reserve Bank Governor Glenn Stevens warned that monetary… Read more.
The value of the Australian dollar dropped against all 16 of its counterpart currencies on Wednesday as a consequence of economic data indicating retail sales unexpectedly fell, according to Bloomberg. Calls became louder for the nation's central bank to reduce interest rates as a measure of spurring growth as the Aussie barreled toward its largest… Read more.