Australian dollar

For anyone planning a trip to the US in the coming months, the sudden and substantial increase in the Australian dollar will come as welcome news.Against the US dollar, our currency has added nearly 5 per cent over November, the biggest…

The greenback slid against major currencies overnight to push the Australian dollar to its highest level in more than three months. The Australian dollar reached US66.14 on Tuesday morning, its highest since August 10. While markets expect…

Just about everywhere you look, there are worsening signs that Australia is no longer the lucky country.From record-high rents to skyrocketing mortgages, a cost-of-living crisis to the alarming emergence of a ‘working poor’ population, the…

The Australian share market extended its gains for the third consecutive day on Friday to close 2.2 per cent higher over the week of trading.The benchmark S & P/ASX200 increased 1.1 per cent, or 78.5 points, to reach 6,978.2 and…

Binance, the world’s largest crypto exchange, has been booted off a large Australian payments service and banned by Westpac in a bombshell day for the company.Binance Australia stated on Twitter that it could no longer facilitate PayID…

When the Reseve Bank of Australia (RBA) left interest rates on hold in April for the first time in 10 meetings, there was a widespread perception that rate rises were over and a slowing domestic economy would keep the RBA quite…

Brazil has just cut a deal with China to ditch the US dollar when paying each other for trade goods. It’s the latest victory in Beijing’s long-term drive to stomp on the greenback and establish the yuan as the dominant international…

Earlier this week the RBA raised interest rates for the 10th consecutive meeting, with rates now sitting 3.5 per cent above where they were when the rate rise cycle began. With commentary from the RBA continuing to suggest that further rate…

The Australian dollar has hit its lowest value since the start of the Covid-19 pandemic lockdown in March 2020.The dollar was buying US62.65c just before 2pm on Tuesday, down 0.5 per cent in the past day.Commonwealth Bank Global Markets…