Australian Dollar retraces recent losses as China’s Trade Surplus widens in October – FXStreet
The Australian dollar strengthens as China's trade surplus widens in October due to better-than-expected exports. Australia's trade surplus in September fell to 4.609 billion, compared to the expected 5.3 billion. The US Federal Reserve is widely expected to cut its benchmark interest rate by 25 basis points on Thursday. The Australian dollar (AUD) rose following […]
Australian Dollar plunges around 2% as Trump trades optimism boosts US Dollar – FXStreet
The Australian dollar fell as traders grew cautious ahead of the US presidential election results. The Australian dollar could regain momentum after RBA Governor Michelle Bullock reaffirmed her hawkish stance on Tuesday. Exit polls in Georgia give Mr. Trump a 10% lead over Ms. Harris, based on less than 1% of votes counted. The Australian […]
Australian Dollar rises amid hawkish RBA guidance – FXStreet
AUD/USD strengthens as RBA Governor Michelle Bullock emphasizes the need to maintain a restrictive interest rate stance. The US presidential election remains the main driver for AUD/USD ahead of the Trump and Harris elections. Trump's victory is expected to be detrimental to the Australian dollar, as he has promised to raise tariffs on China. In […]
Australian billionaire, Tim Heath, fights off kidnappers in Estonia
An Australian billionaire has fought off kidnappers who allegedly tried to kidnap him in Estonia. The target of this brazen attack was crypto gambling mogul Tim Heath. Mr Heath, who is ranked 62nd on Australia's list of 250 richest people, was allegedly attacked in his apartment in the Estonian capital Tallinn in late July. The […]
Australian Dollar holds gains due to hawkish sentiment surrounding the RBA – FXStreet
The Australian dollar is Hawkish sentiment surrounding the RBA's policy outlook. The Australian dollar could face challenges due to increased risk aversion amid concerns about a potential resurgence of inflation in the US. The yields on US 2-year and 10-year bonds are 4.02% and 4.19%, respectively. The Australian dollar (AUD) reversed recent losses against the […]
King Charles heckled by Australian lawmaker: ‘You are not my king’
An Australian lawmaker was taken away by security after yelling 'You're not my king!' and heckled visiting King Charles III. Indigenous Australian independent senator Lydia Thorpe, who once called Queen Elizabeth II a colonialist during her 2022 swearing-in ceremony, went after King Charles inside the Great Hall of Parliament House in Canberra on Monday. “Give […]
King Charles heckled by Australian senator shouting ‘you are not my king’: ‘F–k the colony’
King Charles' speech to the Australian Parliament on Monday was thrown into chaos after a senator shouted “You are not my king” and accused him of “competing genocide against his people” . The 75-year-old cancer-stricken monarch is currently on a five-day tour Down Under with his wife Queen Camilla as part of an official state […]
Australian Dollar defends position due to hawkish sentiment surrounding the RBA – FXStreet
The Australian dollar has strengthened as strong employment data makes it less likely that the Reserve Bank of Australia will cut interest rates in 2024. In the third quarter, China's gross domestic product reported growth of 4.6% year-on-year (previously measured at 4.7%). Strong US retail sales data supported the US dollar and raised the possibility […]
Left-Wing Australian PM Anthony Albanese Kicks Off Affordable Housing Plan, Buys $4.3 Million Oceanfront Mansion
Anthony Albanese, Australia's left-wing prime minister, boasts that he has a “good income” after spending $4.3 million on a seaside mansion for himself and his soon-to-be-born wife, but he also admits that he is “not sure what the hardships are”. He also said that he knew what was going on. The purchase was revealed as […]
Australian Dollar loses ground as traders expect Fed to deliver nominal further rate cuts – FXStreet
The Australian dollar has fallen due to economic instability in China. This week's ANZ Roy Morgan Consumer Confidence Index remained unchanged at 83.4. The US dollar is being supported by the fading possibility of further bumper rate cuts by the Federal Reserve. The Australian dollar (AUD) remained weak against the US dollar (USD) on Tuesday, […]