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The Latest Breaking News from Australian Dollar

Why further RBA interest rate hikes are less likely now than even 1 week ago

Since Australia’s Reserve Bank hiked interest rates two weeks ago, there have been two important developments – one in the United States and the other in the United Kingdom.

The Conversation

Aust shares gain again, close just under key level

The ASX200 spent the day hovering above and below the 7,000 level, eventually finishing just under it, while the Australian dollar hit a three-month high.

AAP

Australian shares rebound again to close up slightly

The local share market was down as much as 0.65 per cent in early trading but just as it did on Friday, staged an afternoon comeback to close slightly higher.

AAP

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Can Warmer Weather Increase Australian Dollar Trader Profits?

Australia's second quarter is typically associated with seasonal trends in tourism and travel. The country attracts many international tourists as Australia's weather becomes more favorable during this period. The influx of visitors can influence the demand for the Australian Dollar. Could this put profits in traders' accounts this year?

Barchart

Petrol price surge further stretches household budgets

Motorists have been hit in the hip pocket by petrol price rises and the latest spike may put a dent in the Reserve Bank's fight against inflation.

AAP

Unraveling the Seasonal Pattern Affecting the Australian Dollar During Their Fiscal First Quarter

As one of the major global currencies, the Australian dollar's performance can significantly impact international trade and financial markets. In this article, we will delve into the seasonal patterns of the Australian dollar, specifically focusing on its fiscal first-quarter performance.

Barchart

High interest rates are not bad news for everyone. Just ask savers, importers and Australians heading overseas

It is a universally acknowledged truth that interest-rate rises are always a bad thing for the average Australian household.

The Conversation

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Why is the Australian dollar falling so fast – and what does it mean?

Some analysts believe the dollar may go below US60c, bringing joy to exporters and tourists, but encouraging further interest rate rises

The Guardian - AU

Australian shares close lower as interest rate and debt ceiling worries spook traders — as it happened

The Australian dollar slides with shares closing lower after a "risk-off" drop on Wall Street. KPMG writes email to staff saying it 'can no longer sit by' after PwC tax leaks. Follow the day's events on the ABC News live markets blog.

ABC News

ASX lower as global geopolitical tensions weigh, ASIC suspends licence of FTX Australia, Deliveroo goes under

Australian investors were rattled after an explosion in eastern Poland left two people dead amid worries the war in Ukraine could spill across the border. The corporate regulator suspends the financial services licence of crypto currency firm FTX Australia. Nufarm, Graincorp and Aristocrat Leisure see a rise in profits.

ABC News

ASX edges lower, RBA admits reputational damage over low rates forecast, AGL investors back board overhaul

Australian stocks ended in the red as Wall Street assesses where official US interest rates are going, and the Reserve Bank says its has suffered reputational damage over interest rate forecasts. CBA makes multi-billion dollar first quarter profit.

ABC News

Weak Australian dollar driving up petrol prices

Petrol prices are sitting just shy of $2 per litre on average, with the weak Australian dollar boosting prices at the pump.

The New Daily

Australian police offer $633,000 reward for Indian suspect

Australian police have offered a 1 million Australian dollar ($633,000) reward for information on the whereabouts of an Indian national who is suspected of murdering a woman on a tropical beach four years ago before returning to his homeland

The Independent UK

Australian dollar sinks to 29-month low on 'rising risk' of global recession, ASX drops 1.4 per cent

The Australian dollar falls to its weakest level since late April 2020, while the local share market begins its week lower, tracking sharp losses on Wall Street as worries about higher interest rates and a potential recession in the United States hurt investor sentiment.

ABC News

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ABC News

The Aussie dollar is dropping against the US currency, but it’s not all bad news

A higher US dollar isn't great news for global trade, but some Australian businesses are able to benefit and travellers have reason to smile as well.

ABC News

ASX boosted by miners, Dow Jones index in bear market, Australian dollar comes off lows

The Australian share market regains some ground, as the Dow Jones index enters a bear market, while the Bank of England says it will not hesitate to raise interest rates. The Australian dollar falls to the lowest since May 2020.

ABC News

ASX dives again amid rate rise and recession fears, gold and oil stocks fall

The ASX and Wall Street stumble again on worries about steep interest rate rises next week by the Federal Reserve, and after the Reserve Bank governor says more rate rises are needed to curb inflation. The World Bank warns of a global recession because of higher rates.

ABC News

ASX slumps, Wall St suffers biggest falls since 2020 after US inflation shock

An unexpected rise in US consumer prices sees global share markets take fright on worries about more aggressive interest rate rises by the US central bank. The Australian dollar plunges on a surging greenback.

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ABC News

Qantas' takeover of FIFO airline hits roadblock, ASX slips as UK inflation surges to highest since 1982

The Australian share market snaps its three-day rally after a volatile session on Wall Street, consumer inflation in Britain surges to its highest level in 40 years, while the competition regulator flags concerns about Qantas' proposed takeover of Alliance Aviation.

ABC News

Telstra profit falls but dividend rises, ASX surges after US inflation cools

Telstra sees a drop in annual profit, but increases dividend for the first time in seven years. The ASX and Wall Street rally as cooling inflation eases interest rate hike fears, and the Australian dollar surges to 71 US cents as the greenback declines.

ABC News

Oil prices sink on 'fear of recession', ASX struggles as Australian dollar hits two-year low

The Australian share market falls in afternoon trade as European stocks tumble on recession fears, while the Australian dollar sinks to a two-year low and oil prices plunge by more than 9 per cent.

ABC News

Janet Yellen says US inflation at 'unacceptable levels', ASX rises but banks make big losses on rate hikes

The US Treasury secretary says North America is facing unacceptable levels of inflation. Meanwhile, the ASX regains some ground lost in yesterday's super-sized interest-rate-rise-fuelled rout, but the banks see their worst day in a year. Australian dollar rises on the RBA's super-sized interest rate increase.

ABC News

ASX closes higher on miners and tech, Australian dollar jumps, Wall Street gains on tech

The Australian share market closes higher after a strong session for miners and tech, while the Australian dollar jumps.

AAP

Aussie hits 22-month low against US dollar

The Australian dollar has made its first sustained move below 70 US cents since early in the pandemic.

ABC News

Australian share market suffers $55 billion loss on China lockdown fears

Plunging commodity prices dragged the ASX lower, while the Australian dollar fell to a two-month low, despite a stunning rebound on Wall Street as Twitter agreed to be taken over by billionaire Elon Musk.

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