Tag: us dollar
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Aussie Dollar has biggest fall in five years
The Australian dollar has experienced a loss of 2.34% against the US dollar in a single day. This is the largest percentage loss in one day since September of 2011, almost half a decade ago. At 7am this morning, the Australian dollar was trading for US74.85c, its lowest level in seven weeks. The significant fall…
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Aussie Dollar reaches nine month high
The Australian dollar today reached a nine month high of 77 US cents. This is mainly attributed to the strengthening global equity markets and commodity prices. Last night crude oil rose 3%, iron ore reached $US60 per tonne and gold realized its highest quarterly gain in three decades. Indeed, following a business survey, NAB said…