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  • September 24, 2014
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  1. Business - Comment - MONITOR

    More bad news for expats: the Aussie dollar will stay strong

    Posted Aug 29th 2012, 12:00am by Tom Holland

    ... dollar will stay strong "What's going on with the Australian dollar? Why is it so strong?" asks a colleague who wants to transfer money down under. "Surely it should be much ... has suspended investment projects worth tens of billions of US dollars on worries about further declines in the prices of industrial metals. Yet despite the bad news, the Australian dollar has ...

  2. Business - Money

    Aussie, NZ dollars off two-week highs, hold fire in Asian trade

    Posted Sep 11th 2012, 11:02am

    ... Reuters in Sydney and Wellington The Australian and New Zealand dollars retreated from two-week highs on profit-taking on Tuesday, ahead of a key German ruling on the euro zone’s bailout funds and the US Federal Reserve’s policy decision later in the week. The Australian dollar edged lower to US$1.0324, from US$1.0355 in late local trade on Monday and US$1.0401 on Friday, its ...

  3. Business - Money

    Aussie dollar languishes despite latest GDP data

    Posted Sep 05th 2012, 03:04pm

    ... Reuters The Australian dollar was pinned near six-week lows on Wednesday, weighed by falling commodity prices and a slowdown in China even as data showed the Australian economy grew at a healthy pace last quarter. The Aussie dipped as low as US$1.0190, its weakest since July 25, from US$1.0285 in late local trade on Tuesday. The Aussie has fallen nearly 4 percent in the past month ...

  4. Australia seeks direct yuan conversion, a threat to US dollar's dominance

    Posted Jul 12th 2012, 12:00am

    ... George Chen george.chen@scmp.com Australia plans to work with China to allow direct conversion between the Australian dollar and the yuan, which would make it the third country to have such a bilateral currency arrangement. The move is designed to help the Sino-Australian commodities trade and would pose a fresh challenge to the world dominance of the US dollar. It comes just two weeks ...

  5. Business - Economy

    Gillard links budget surplus pledge to trend economic growth

    Posted Dec 07th 2012, 10:54am by Bloomberg

    ... election-year commitment. “Our last economic update had us at trend growth and that is why the last economic update had us with a surplus,” Gillard said in an interview with Australian Broadcasting ... for an election due late next year. Ministers are preparing to dump the surplus pledge if growth slips below trend-- a long-term average of just above 3 per cent-- in the December quarter, the Australian ...

  6. Business - Economy

    Australian growth slows as govt cuts spending

    Posted Dec 05th 2012, 10:42am by Bloomberg

    ... the weakness in external growth, particularly in Asia, led exports to stall.” The local dollar traded at US$1.0476 in Sydney morning trade after the number was released compared with US$1.0477 before ... to meet Chinese demand and foreign investment funds seeking a haven have spurred gains in the currency, which closed above parity with the U.S. dollar for all but 23 days this year. The Aussie has ...

  7. Business - Economy

    Australia jobless rate unexpectedly falls

    Posted Dec 06th 2012, 01:19pm by Bloomberg

    ... to see the Aussie dollar remain well over parity into 2013 and the RBA’s work is nearly done.” The local dollar traded at US$1.0469 at 1:03 p.m. in Sydney, compared with US$1.0447 before ... of Australian construction jobs fell by 70,200 to 978,000 in the 12 months through August. Mining employment gained by 44,600 over the same period to 271,000, according to government figures. ...

  8. Business - Money - ASK MELANIE

    Should I switch my HK dollar savings?

    Posted Oct 01st 2012, 12:00am by Melanie Nutbeam

    ... to melanie.nutbeam@hfs.com.hk Does changing my Hong Kong dollars make any cents? Should I switch my Hong Kong dollar savings to Australian, or New Zealand, dollar term deposits to get better returns? Current returns ... would be about 1 per cent per annum whereas that same amount converted to Australian or New Zealand dollars and invested for the same period would give you a return about four times higher. ...

  9. Business - Economy

    Australia home-loan approvals rose less than expected in October

    Posted Dec 10th 2012, 11:25am by Bloomberg

    ... debt, preventing a strong rebound in housing finance,” Matthew Circosta, an economist at Moody’s Analytics in Sydney, said before the release. The Australian dollar was little changed ... Bloomberg in Sydney Australian home-loan approvals rose less than economists forecast in October even after central bank interest-rate reductions aimed at stimulating the economy ...

  10. Business - Money

    Dollar, euro gain in Asian trade after China PMI

    Posted Nov 01st 2012, 01:59pm by AFP

    ... The US dollar eased to 41.18 Philippine pesos from 41.22 pesos, to S$1.2204 from S$1.2207, and to 53.78 Indian rupees from 54.18 pesos. The Australian dollar edged down to US$1.0370 from ... Agence France-Presse in Hong Kong The dollar and euro climbed against the yen in Asia on Thursday as positive Chinese manufacturing data boosted risk sentiment, while traders were also ...




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