Wednesday, 22 May 2013
US Dollar Australian Dollar
FOREX : USDAUD
1.0252 22 May 13 09:25 | Change:
0.01 | Open: 1.0185 | High: 1.0265 | Ask: 1.0252 | Volume: 0 |
Change(%): 0.51 | Prev: 1.0200 | Low: 1.0185 | Bid: 1.0252 | Open Int: 0 |
09:07 | 17/5/13
Business Spectator
The Australian dollar has fallen to a new 11-month low, after US stocks lost ground on the back of another batch of weak economic data.
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02:18 | 16/5/13
ETF Trends
CurrencyShares Australian Dollar Trust (NYSEArca: FXA) is down about 6% the past month with noted investors George Soros and Stanley Druckenmiller turning bearish on the commodity-driven currency.
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As Treasurer Wayne Swan was preparing to deliver his budget speech, the Aussie dollar was already trading around 3% lower than this, at a little under $1.00.
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What goes up must come down. This is finally holding true for the resilient Australian dollar that has begun to show weakness against the greenback given the latter's broad-based strength.
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Last week brought what appears to be a critical trend change in the Australian Dollar's path against its US namesake. AUDUSD put in a critical break below the bottom of a range that had contained prices since September of last year, seemingly opening ...
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