And since the Australian dollar
is the world s fifth most traded currency, this outcome will matter to our country long-term.
However, a lower prediction for the Australian dollar
will be expected once they have the second quarter GDP data due out next month.
Twelve years ago, in September 2001, the British pound bought more than three Australian dollars
Every one-cent rise in the Australian dollar
crimps cattle ranchers' revenue by 0.
A spokesperson for Virgin Blue stated that most of the carrier's expenses were in US dollars, which have increased as the Australian dollar
continues to fall.
As a result of the weaker Australian dollar
, Aussies are asking where the country's currency is headed over the next 12 months.
The IFC, a member of the World Bank Group has raised 800 million Australian dollars
($794 million equivalent) from its fourth Kangaroo bond issue of the year.
He said earlier there was an unwinding of aussie-kiwi long positions, which kept the NZ dollar bid as people liquidated out of Australian dollars
7m), mainly due to the strengthening of the US and Australian dollar
For convenience, these Australian dollar
amounts have been converted throughout the text of this press release into U.
The value of the Australian dollar
snapped after the central bank said that a recovery was uncertain.
Even though the RBA today left rates on hold, the rate cuts from the banks following the May interest rate reduction, combined with the fall in the Australian dollar
over the past two months, brings with it some relief for the farming sector, Mr Linnegar said.
A soaring Australian dollar
produced a diving Australian sharemarket on Friday as investors decided that record dollar levels are bad for business.
The following six trusts trade on the New York Stock Exchange: CurrencyShares(SM) Australian Dollar
Trust ("FXA"), CurrencyShares(SM) British Pound Sterling Trust ("FXB"), CurrencyShares(SM) Canadian Dollar Trust ("FXC"), CurrencyShares(SM) Mexican Peso Trust ("FXM"), CurrencyShares(SM) Swedish Krona Trust ("FXS"), and CurrencyShares(SM) Swiss Franc Trust ("FXF").
The International Monetary Fund (IMF) today released on its website the quarterly data on the currency composition of official foreign exchange reserves (COFER) with an expanded currency range, separately identifying two additional currencies the Australian dollar
and the Canadian dollar.