The Reserve Bank is determined to talk the Australian dollar down but opinion remains split about where the currency will be at the end of 2014 or 2015, with forecasts ranging anywhere from US91� to US80�.
The Australian dollar rose in late trading on Thursday after easing lower throughout the day on mounting bets that the US will hike rates sooner than expected and that the next move in Australian rates will be down rather than up.
The Australian dollar was the largest mover of the major currencies, gaining 0.69 percent to US$0.9455 after a higher-than-expected reading of a key gauge of underlying inflation in June in Australia dented market speculation of future rate cuts.
The Australian dollar jumped after business confidence data showed an unexpected improvement, and analysts tipped the currency could receive a boost from Japan's moves to unleash its $1.3 billion pension vault on global markets.
UK Pound To Australian Dollar (GBP/AUD) Exchange Rate Lower On Better Than Forecast Chinese Data. Posted on 22 Jul at 3 PM 2014 (Updated 24 Jul) by Adam Solomon - Tags: Euro, US Dollar, Australian Dollar, British Pound, Consumer Price Index, ...
The Australian dollar is hovering below US94� amid easing concerns over the health of Portugal's biggest listed bank. At 6.30am AEST on Monday, the local currency was trading at 93.77 US cents, down from 93.87 cents on Friday.