Australian Dollar News Page 5.html

The yen lost ground on the dollar today in a reaction to data revealing that Japan’s current account had swung to hit a record deficit in January, reported Reuters. Meanwhile, the Australian dollar dropped on a weak jobs report which kept alive rate cut expectations. Short-term players sold the yen after Tokyo posted a current account...

Expats, pensioners and holiday homeowners are selling up and returning home in large numbers – or at least sending their foreign money back to Britain. UK-based foreign-currency brokers are reporting a massive amount of foreign money being converted back into pounds from overseas. At the same time, property companies from overseas have...

The commodity currencies and the euro suffered heavy losses in Asian trading today as investors cut commanding positions after key events such as the European Central Bank’s injection of cash passed without surprise, reports Reuters. The euro dropped from close to three-month highs after banks in Europe took on 530bn euros of cheap...

The sterling strengthened during European trading hours on Thursday following the announcement by the Bank of England of a £50bn expansion of its assets purchase programme, reports nasdaq.com. As expected, the euro remained steady as investors awaited the latest news on the Greece bailout as well as a decision on interest rates and the...

The Euro has taken a hit today as a meeting between members of Greece’s coalition government failed to result in an agreement over tight austerity measures which would allow the EU and International Monetary Fund to hand over cash which the country could use to pay off its debtors. An agreement has to be made today of Greece wants 130...

British expats living in Australia and Aussies planning jaunts to the UK will be cheering this week as the dollar hit a high of 27 years against the pound. On Tuesday night, the Aussie dollar hit 67.96 pence, the highest it has been since 1985, and stayed close to that yesterday. A major bonus for both Brits living ‘down under’ and...