US80¢ is as good as it gets for the Aussie
![The Australian dollar is on track to hit US80¢.](/content/dam/images/g/l/r/1/7/s/image.related.afrIndexLead.320x210.gnum7f.png/1459409003168.jpg)
The Australian dollar is on track to hit US80¢, but it lacks the fundamental support to push higher from there, strategists say.
The Australian dollar is on track to hit US80¢, but it lacks the fundamental support to push higher from there, strategists say.
Official US finger-wagging at the RBA's handling of the exchange rate betrays confusion and hypocrisy on currency matters.
China's Big Three state-owned airlines combined suffered about $3.2 billion in foreign-exchange losses last year after the country unexpectedly devalued the yuan.
Brazil's real advanced after the central bank saw little demand at an auction of contracts that would protect against a falling currency.
The Aussie dollar rocketed higher and remained elevated for most of Wednesday as the US Federal Reserve signalled interest rates would remain low amid global growth uncertainty.
The dollar's strong rise during the past month has given the Reserve Bank fresh reason for concern, but it's unlikely to prompt a rate cut, ...
Brazil's real led losses among its most-traded peers as the central bank stepped in to weaken the currency.
The rupiah has surged 9.6 per cent against the US dollar over the past six months amid slowing inflation and a nascent commodity-price recov...
The Brazilian economy will not be rescued by a change in leadership and its staggering equity market recovery is probably overdone.
Mixed US data has weakened the US dollar, forcing the Aussie to stay high.
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