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Australian dollar cops a beating
THE Australian dollar entered this week after hitting an 11 month low against the US dollar and five month low against sterling on Friday. The Aussie slipped below parity with the US dollar last week...
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Australian dollar begins month on yearly low
THE Australian dollar entered the final week of May weaker on the back of further strong data on the US economy. This provided a nervous currency outlook for the rest of the week ahead of the...
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Australian dollar continues downward spiral
THE world’s fourth most traded currency, the Australian dollar, has hit the skids. Reaching a 20 month low against the greenback on Monday, with similar falls seen recently against all the major...
View ArticleMoneyGram selects OzForex for global payments service
OZFOREX has signed an agreement with MoneyGram, a leading global money transfer provider, to power remittances made in Australia and New Zealand, as part of its new account-to-account money transfer...
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Australian dollar slump not all bad
The Australian dollar experienced a 33 month low against the US dollar last week. The effects of negative investor sentiment along with volatility in Japanese volatility disrupted the possibility of a...
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Australian dollar spirals downwards
THE Australian dollar has fallen to three year lows as investors dump risky assets in the wake of last week’s comments by US Fed Chairman Ben Bernanke Bernanke confirmed what the market had already...
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Australian dollar maintains downwards trend
AFTER enduring its worst week since September 2011, the Australian dollar recovered slightly during the last week of June. The recovery was short-lived however, as falling gold prices also began...
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US job data piles more pressure on Australian dollar
THE movement of the Australian dollar during the past week was largely influenced by two pieces of news: the Reserve Bank of Australia’s 2 July cash rate decision and the 5 July US unemployment...
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Australian Dollar Currency Zone
Register now to take advantage of: First two transfers FREE for Australian Times readers! Better exchange rates than the banks, saving you money Speedy and secure delivery of your funds 24/5 access to...
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Weak Chinese data hurts the Australian dollar
THE Australian dollar came under pressure on Friday night in late trading and revisited the low USD 0.90s. This followed Chinese Finance Minister Low Jiwei saying economic growth in China could...
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Metals bounce supports Australian dollar claw back
FOR the Australian dollar, Wednesday this week will provide another round of manufacturing data being released from China. Strategists say that any hint of further slowdown in Chinese economic...
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Australian dollar rebound short-lived
LOWER than expected Chinese Purchasing manufacturing index (PMI) data has tempered any recovery in the Australian dollar. The Aussie opened last week with hopes of a possible recovery on the back of...
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Aussie dollar plummets ahead of RBA interest rates decision
THE Australian dollar fell to fresh three year lows against major trading currencies over this past week as data and speculation continued to drive down the already weakened currency. A combination...
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Positive Chinese data helps lift the Australian dollar
THE Australian dollar started trading this week (5 – 12 August) stronger after it fell to a three-year low on the previous Friday. The past week saw several local data sets and figures being released,...
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Offshore data assists Australian recovery
OVER the past week US data was received which steered the Australian dollar in its eventual direction. Tuesday saw the release of US retail figures that assisted the Greenback in its rally and saw the...
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Will the Aussie dollar continue its recent resurgence?
SINCE reaching a low around 88 ½ against the Greenback last week the Aussie dollar has rallied to exchange back above the 92 cent mark leaving many scratching their heads asking why? Will it continue...
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Aussie Dollar: Do you feel 21 per cent better off? Well you should, but will...
DAVID JOHNSON, director at foreign exchange specialists Halo Financial, examines the current weakening of the Australian Dollar. Anyone sending funds to Australia at the moment will get an exchange...
View ArticleSyrian fears add to Australian dollar worries
AFTER news emerged that the Syrian government is allegedly using chemical weapons in the ongoing civil war there, the expectation is that the US government will very soon take some form of military...
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Big week ahead for Australian dollar
IT is a very busy week for Australian markets. Key economic data releases are due every day in addition to Tuesday’s Reserve Bank meeting. The highlights for the week will be the RBA’s interest rated...
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Weak US data and strong Chinese data help the Aussie recover
THE Australian Dollar began trading at around 1.7277 to the British Pound last Monday and around 1.1115 against the US Dollar. The Aussie strengthened throughout the week against both currencies to...
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