Wild night: Aussie dollar crashes back to earth
![The Australian dollar rose as high as 77.32 US cents before crashing back to earth.](/content/dam/images/g/j/e/a/j/g/image.related.afrIndexLead.320x210.grcfjh.png/1473383498490.jpg)
The Australian dollar has fallen back to earth after a wild night that briefly saw the currency hit a three-week high, before slumping nearly a whole cent.
The Australian dollar has fallen back to earth after a wild night that briefly saw the currency hit a three-week high, before slumping nearly a whole cent.
The RBA governor says it is 'not polite' to say so but other central bankers are deliberately setting policy to keep their currencies weak and drive up the Australian dollar.
ECB president Mario Draghi can't stand in the way of a rising euro, according to Morgan Stanley.
Australia's government could do with a weaker currency to help lure back foreign bond buyers.
Selling the krona to buy the Aussie dollar has been a winning strategy over the past three months.
The greenback fell after data showed the US service sector grew at its slowest pace since early 2010
Yuan bears are turning rallies in the Chinese currency into increasingly short-lived affairs.
Nobel laureate Joseph Stiglitz argues that after the unhappy marriage of the euro, the EU must either commit fully or agree to divorce.
A resurgent US dollar is likely to keep pressure on the $A, but inflation remains key for RBA.
Australia's new $5 note features world-first technology that makes it harder for counterfeiters to copy.
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