Australian Dollar pares gains as US Dollar remains steady due to cautious Fed – FXStreet
The Australian dollar faces challenges due to increased risk aversion. Minutes of the RBA meeting could provide further insight into the central bank's policy outlook on Tuesday. The US dollar strengthened after hawkish comments from Federal Reserve officials. The Australian dollar (AUD) came under downward pressure against the US dollar (USD) on Monday. However, Reserve […]
Flights resume to Bali after huge volcanic ash cloud caused Australian airlines to cancel travel | Australia news
Thousands of Australians are stranded in Bali or have had their holidays canceled after a volcanic eruption near the island produced dangerous volcanic ash. On Thursday morning, Qantas and Jetstar resumed some flights between Bali and Australia, while Virgin operated all scheduled flights. Three airlines had previously canceled flights to and from the island due […]
Australian Dollar recovers losses as PM Albanese shares about trade discussion with Trump – FXStreet
The Australian dollar rose as Prime Minister Albanese shared trade talks with President Trump last week. Australia's wage price index rose 3.5% year-on-year in the third quarter, slowing from a 4.1% rise in the second quarter. The North American session will focus on the announcement of the US consumer price index. The Australian dollar (AUD) […]
Australian scientists reveal mysterious black balls on Sydney beaches are mini blobs of poop
Oh shit! Thousands of mysterious black balls that washed ashore and closed off a popular Australian beach last month have turned out to be tiny clumps of poo. Initially thought to be made of tar, scientists at the University of New South Wales discovered that the sticky balls were actually made up of “fatbergs” (human […]
Former Australian PM deletes critical tweets of Trump after winning election: ‘Most destructive president’
Kevin Rudd, a former Australian prime minister and current ambassador to the United States in Washington, deleted a tweet criticizing President-elect Donald Trump after winning the presidential election. Rudd described Trump as “the most destructive president in history” in a 2020 post, NDTV reported. He served as Australia's 26th Prime Minister and leader of the […]
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 […]