News Australia

The Australian dollar is trading higher, after the US Federal Reserve said interest rates could stay at their record lows until mid-2013. Around midday, the dollar was trading at 103.21 US cents, up from 102.25 cents on Tuesday afternoon. RBC Capital Markets currency strategist Michael Turner said the Australian dollar rallied around three US cents [...]

The Australian dollar was almost two US cents lower at noon as a combination of weak data, locally and in the US, and the central bank keeping the cash rate on hold weigh on the currency At 1200 AEST on Wednesday, it was trading at 107.04 US cents, down from 108.90 cents on Tuesday. The [...]

The Australian dollar was higher at noon after a deal was reached to raise the US government’s borrowing limit. At 1200 (AEST) on Monday, the Australian dollar was trading at 110.52 US cents, up from 109.54 cents on Friday. On Monday morning (AEST) political leaders in Washington agreed to raise the US government debt ceiling [...]

THE Australian dollar has reached an 11-week high, benefiting from weakness in the US dollar and growing uncertainty surrounding America’s debt crisis. At noon (AEST), the Australian dollar was trading at 108.83 US cents, its highest value since May 11, and up from 108.13 US cents on Monday afternoon. The domestic currency reached 110.11 US [...]