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Topic: Australian dollar

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In the News (Thu 23 May 19)

  Australian Dollar and Australia currency information including currency exchange rates
The Australian dollar, denoted by AUD or A$, is the official currency of the Commonwealth of Australia (including the Australian Antarctic Territory, Christmas Island, Cocos Islands, Heard Island and Mc Donald Islands as well as the independent Pacific island states of Kiribati, Nauru and Tuvalu).
The Australian dollar was first introduced in 1966 when it replaced the Australian pound and introduced a decimal system to the nation.
Robert Menzies, Australian Prime Minister at the time, wished to name the currency "the Royal" other names such as "the Austral" and "the Koala" were suggested as well.
www.gocurrency.com /countries/australia.htm   (983 words)

  Wikinfo | Australian dollar
The Australian dollar (currency code AUD) is the official currency of the Commonwealth of Australia, Christmas Island, Cocos (Keeling) Islands, Heard Island and McDonald Islands, Kiribati, Nauru, Norfolk Island and Tuvalu.
The Australian dollar was introduced in February 14, 1966, not only replacing the Australian pound (long since distinct from the pound sterling) but also introducing a decimal system.
In 1966 following the introduction of the Australian dollar the value of the national currency continued to be managed in accord with the Bretton Woods gold standard as it had been since 1954.
www.wikinfo.org /wiki.php?title=Australian_dollar   (816 words)

 Australian dollar - Wikipedia, the free encyclopedia
On 14 February 1966 the Australian dollar was introduced at a rate of two dollars per pound, or ten shillings per dollar.
All coins portray Queen Elizabeth II on the obverse and are produced by the Royal Australian Mint.
In December 1983, the Australian Labor government led by Prime Minister Bob Hawke and Treasurer Paul Keating "floated" the Australian dollar.
en.wikipedia.org /wiki/Australian_dollar   (1457 words)

 Safe Haven | Analyzing the Australian Dollar - Up, Down, and Under   (Site not responding. Last check: 2007-10-31)
The Australian dollar is the fifth-most-actively traded currency in foreign exchange markets today, behind the US dollar, Euro, Japanese yen, and British pound, accounting for 5.5% of the volume in the $1.9 trillion dollar per day market.
The Aussie dollar is popular with currency traders due to a relative lack of central bank intervention, the general stability of the economy and government, and it lends greater exposure to Asian economies and the commodity super cycle.
Here, the Australian dollar is saddled with a long string of trade deficits, and yet, appreciated against the Japanese yen, which enjoyed a trade surplus of 7.6 trillion yen ($64 billion), and an investment surplus of 11.4 trillion yen ($97 billion) in 2005.
www.safehaven.com /article-4608.htm   (3429 words)

 Australian Dollar News
The Australian dollar lost three cents in a matter of hours when it was heavily sold by hedge funds in New York on Friday, falling from above 65 cents to a nine month low of $0.6225.
In addition, the Australian dollar and the yen were among the currencies sold by a large hedge fund, traders said.
In Australian dollar terms, the Dresdner index fell 1.4 percent in January, reflecting the higher Australian dollar.
www.chartpatterns.com /australiandollarnews.htm   (8563 words)

 A look at Australian Dollar
Movements in the Australian Dollar (Aussie) are also dependent on movements in the Japanese Yen, with the two currencies tending to move in tandem.
As long as the sentiment for Gold is bearish, the Australian Dollar is expected to be weak.
Apart from Inflation, the factor that could support the Australian Dollar is the possibility that with a recovery in Asia, which the USA is not averse to, commodity prices may find a base, if not positively strengthen.
www.kshitij.com /research/aud1699.shtml   (489 words)

 Australian dollar plunge an expression of global tendencies
Last week's fall by the Australian dollar to a new record low of 47.75 cents against the US dollar has prompted further warnings in business and financial circles that Australia is “off the screen” as far as international investors and financial markets are concerned.
The official line from the government and Australian financial authorities is that the “fundamentals” of the economy are sound, and that the fall in the dollar is largely a result of the strength of the US currency.
Since January 2000, the Australian dollar has fallen 28 percent against the US dollar and 20 percent on a trade-weighted basis—putting paid to the claim that the fall is simply a result of the surging greenback.
www.wsws.org /articles/2001/apr2001/aust-a09.shtml   (1257 words)

 Euro2day :: Australian dollar buoyed by banana prices
The New Zealand dollar was also firm, rising 0.5 per cent to $0.6258 to the greenback, as the island nation's trade balance continued to improve, led by exports rising 9.4 per cent in the second quarter, while imports only increased by 1.2 per cent.
The dollar handed back about half of the gains it had made on Tuesday on the back of better-than-expected housing and consumer confidence data, falling 0.5 per cent against both the euro and sterling to $1.2633 and $1.8481 respectively, as traders squared positions ahead of impending US inflation data.
The dollar was also said to have been hurt by comments from Wen Jiabao, the Chinese premier, who pledged to "gradually" increase the flexibility of the exchange rate as part of a plan to prevent the Chinese economy overheating.
www.euro2day.gr /articlesfna/18203428   (1301 words)

 PlanetPapers - Australian Exchange Rate
Using this theory, the Australian dollar at the present looks to be in a relatively strong position.
The RBA stated that one of the factors prompting it to raise interest rates was the depreciation of the Australian dollar, which was adding to inflationary pressures and putting low inflation at risk.
Other reasons for the appreciation of the Australian dollar include the recent economic figures posted by the government showing Australia to be in a strong economic position, the recent budget deficit and the anticipated rise of interest rates.
www.planetpapers.com /Assets/4788.php   (3033 words)

 Dollar - Wikipedia, the free encyclopedia
The name "Spanish dollar" was used for a Spanish coin, the peso, worth eight reals (hence the nickname "pieces of eight"), which was widely circulated during the 18th century in the Spanish colonies in the New World.
The use of the Spanish dollar and the Maria Theresa thaler as legal tender for the early United States are the reasons for the name of the nation's currency.
Coins known as dollars were also in use in Scotland during the 17th century, and there is a claim that the use of the English word, and perhaps even the use of the coin, began at the University of St Andrews.
en.wikipedia.org /wiki/Dollar   (706 words)

 Australian Dollar
In 2002, the Dollar fell 10% to 17% against the major currencies: at yearend Europe's common currency, the Euro, was trading at $1.05 vs. $.89 a year earlier; the Dollar was at 118.76 Japanese yen vs. 131.67 and the British pound was at $1.6097 vs. $1.456, respectively.
The Dollar's fall accelerated in late 2002, partly due to seasonal factors, but at yearend it was at multiyear lows against some European currencies with the momentum suggesting the weakness would carry into early 2003.
The one exception was the Canadian Dollar which rose against the U.S. Dollar in the first half of 2002, but weakened in the second half and closed the year only a penny or so higher than a year earlier.
www.spectrumcommodities.com /education/commodity/ad.html   (613 words)

 Australian Dollar Forecasts
Forecasts of the value of the Australian dollar are of great importance to importers, exporters, fund managers, and investors.
In forecast updates throughout 2000, the value of the Australian dollar was predicted to rise in six months but instead it continued to fall.
The model incorporates several factors that are relevant to both the fundamental value of the dollar and to speculators.
www.futuretoolkit.com /ozdollar.htm   (419 words)

 PlanetPapers - Flucations in the Australian Dollar
The “Aussie”, as it is referred to in foreign markets, is believed to be dependent on the performance of the Japanese Yen and the new Eurodollar, with the three currencies tending to move in tandem.
The interest rate cuts were caused by the dollars instability and also by, building approvals which were down around thirty per cent comparable to the previous period.
The view is also being advanced that the decline in the dollar's value is an expression of deeper processes, bound up with the changes associated with new technologies and the Internet.
www.planetpapers.com /Assets/3653.php   (1062 words)

 Australian dollar in sharp decline
The sharp drop in the value of the Australian dollar in currency markets last week has revealed a certain nervousness in financial circles that the “miracle” which has seen Australian economic growth rates matching those in the United States may be coming to a close.
In an editorial last Friday, the Australian resumed the offensive, declaring that the sudden weakness of the dollar was a “wake-up call that should ring across the land, but sound loudest in Canberra.
Recalling the dollar crisis of the mid-1980s, which was the signal by international money markets to the Hawke-Keating Labor government to initiate tariff cuts and sharp reductions in government spending, the editorial said the dollar slide contained a new lesson for the start of the 21st century.
www.wsws.org /articles/2000/mar2000/doll-m07.shtml   (857 words)

 Kiwi drags down dollar | | The Australian
THE dollar finished weaker today pulled lower by the huge sell-off in its trans-tasman counterpart after poor economic data.
However, the sell-off in the New Zealand dollar troubled the Australia/US dollar cross.
At 1600 AEST the dollar on the Reserve Bank of Australia's trade weighted index (TWI) was steady with yesterday's close of 63.7.
www.theaustralian.news.com.au /story/0,20867,20236016-29277,00.html   (334 words)

 Australian Dollar - Search Results - MSN Encarta   (Site not responding. Last check: 2007-10-31)
Australian Dollar - Search Results - MSN Encarta
Dollar, name of various coins and paper money formerly or currently in use in parts of Europe, Africa, Asia, Oceania, and the western hemisphere....
US Dollar, monetary unit of the United States of America.
uk.encarta.msn.com /Australian_Dollar.html   (116 words)

 Australian Dollar Coins   (Site not responding. Last check: 2007-10-31)
In 1984, an aluminium-bronze coin showing a young profile of Queen Elizabeth designed by Arnold Machin, was introduced to replace dollar notes.
This, in turn was replaced by a mature portrait of the Queen, designed by Ian Rank-Broadley, on a silver proof in 1998 and on circulation coins in 1999.
In the three years 1988 to 1990, the Royal Australian Mint, Canberra, issued one dollar denominated coins as part of 'holey dollar' and 'dump' sets.
www.australianstamp.com /Coin-web/aust/dollar/dollar.htm   (156 words)

 Bloomberg.com: Worldwide
Oct. 31 (Bloomberg) -- Foster's Group Ltd., the world's second-largest winemaker, expects the Australian dollar at a 23- year high to cause a ``significant'' cut to profit this year.
Foster's joins companies including CSL Ltd. and Billabong International Ltd. in warning the Australian dollar's 17 percent gain this year against its U.S. counterpart will lower the value of overseas profit brought home.
The company is facing the worst Australian drought on record that may cut the 2008 grape harvest following a lower vintage reported for 2007.
quote.bloomberg.com /apps/news?pid=20601087&sid=aiYNYceFHPmo   (449 words)

 Australian dollar recoils at noon - Breaking News - Business - Breaking News
The Australian dollar recoiled at noon in tandem with the struggling New Zealand dollar after both nations released unimpressive labour figures.
Australia also released its employment data, which showed the nation's unemployment rate was a seasonally adjusted 5.1 per cent in April, slightly higher than the five per cent in March.
At 1200 AEST the yield on the Commonwealth Government April 2015 bond was 5.825 per cent from 5.810 per cent at Wednesday's close and the yield on the August 2008 bond was 5.765 per cent from 5.745 per cent.
www.smh.com.au /news/Business/Australian-dollar-opens-firmer/2006/05/11/1146940644209.html   (346 words)

 Australian Dollar Analysts Comments
Forexnews.com - "The Australian dollar got a boost from a stronger-than-expected CPI released late Tuesday, which increased the expectations for a 25 basis point rate hike to 6.25% in November.
Australian CPI rose at a 3.9% yearly rate in third quarter, exceeding the estimate of 3.7%.
Forexnews.com - "The Australian dollar climbed past the 0.76-level following the release of higher than expected Q3 CPI data, raising anticipation of RBA rate tightening before year end.
www.fxstreet.com /news/analysts/aud   (649 words)

 Australian dollar likely to track sideways - AMP Capital Investors - Forbes.com   (Site not responding. Last check: 2007-10-31)
SYDNEY (AFX) - The Australian dollar is likely to track sideways rather than fall further after touching 18-month lows this week as the New Zealand dollar slid to 22-month lows and Australia's interest rate differential narrowed, AMP Capital Investors said.
Oliver noted some have argued the fall in the Australian dollar, at a time when commodity prices are still strong, suggests global growth is about to collapse and high commodity prices are living on borrowed time.
Overall, he said, the recent weakness in the Australian dollar is unlikely to represent the start of a renewed downtrend.
www.forbes.com /markets/feeds/afx/2006/03/30/afx2632658.html   (837 words)

 CNN.com - Australian dollar at seven-month high - March 21, 2002
HSBC Australia economist Grant Fitzner said Thursday that expectations of an early start to the Reserve Bank's tightening cycle are helping to push the Australian dollar higher.
Fitzner said the dollar touched 53.15 U.S. cents overnight and now appeared to be consolidating around the 53 cent level.
In late trade in Sydney Thursday, the Australian currency was trading between 52.96 and 53.01 U.S. cents.
archives.cnn.com /2002/BUSINESS/asia/03/21/aust.dollar.biz/index.html   (342 words)

 Australian currency: Australian Dollar (AUD)
Australian Dollar (AUD) is the official monetary unit of Australia.
Coins: 1, 2, 5, 10, 20, 50 cents; 1 and 2 dollars.
Notes: 5, 10, 20, 50, and 100 australian dollars.
www.currencyworld.biz /articles/aud   (50 words)

 Australian Dollar Commentary for 25-Oct-06
The Australian dollar moved higher vis-à-vis the U.S. dollar today as the Aussie tested offers around the US$ 0.7615 level and was supported around the $0.7575 level.
Australian dollar bids are cited around the US$ 0.7520/ 00 levels.
Republication or redistribution of this content is expressly prohibited without the prior written consent of theFinancials.com.
www.thefinancials.com /syndicated/EIM/EIMc_Forex_AUD.html   (158 words)

 Lawrence Dryden: The Australian Dollar
In this article, we look at where the Australian Dollar (AUD) is relative to fair value, the implications of trend measures, and the impact of interest rate differentials on potential moves for the AUD against the US Dollar (USD).
If we look at Australian interest rates out for two years, we see they are still rising but at a fairly shallow rate.
The Australian interest rate cycle appears to have at least one more rate increase built in and then the tightening cycle looks to be complete.
www.ssga.com /library/povw/lawrencedrydentheaustraliandollar20041110/page.html   (993 words)

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