Currencies are exchanged around the world in a 24-hour cycle every weekday. Why? Apart from tourists and travel, there’s international trade (import/export of goods & services) and investment. And of course, people overseas who send money to support family and friends back home. There’s a constant fluctuation in
The Australian share market and dollar have been beneficiaries of Emmanuel Macron's victory in the first round of the French presidential election, as the centrist looks increasingly likely to win the run-off. The biggest initial beneficiary of the outcome was the euro, which jumped around 2 US cents to $US1.
When it comes to foreign currency transfers, especially by consumers and small to medium-sized businesses, what you find are big financial institutions bouncing your money around the world like a pinball from one fee-charging bank to another, using a complex and expensive relationship network – a desperate stand-in for an efficient
The Australian Dollar has dropped against the Canadian Dollar due to a concerning report about AU-US ties. The report looked at Australia’s relationship between the US and China, and the potential difficulties of trying to alter these relationships. With the US looking increasingly protectionist, Australian officials have considered whether
Australian startup FlashFX was designed from the ground up to outperform traditional financial institutions by providing fast, secure and very affordable foreign exchange conversion services as an alternative to the existing opaque, siloed and inefficient banking networks. And it does so without the hidden fees typically imposed by the banks.
The Australian dollar surged back above the 0.7700 level on Thursday morning, propelled higher by renewed US dollar weakness after yesterday’s US Federal Reserve [https://www.federalreserve.gov/newsevents/press/monetary/20170315a.htm] lifting interest rate by 25 basis points. The gain in the AUD/USD was the
With rental yields tightening around Australia and house price growth cooling, should Aussie investors look beyond our borders? Investors may be able to take advantage of a possible currency upside. Ben Kingsley, chair of the Property Investment Professionals of Australia (PIPA) told News.com.au “If there is an improvement
Zac Crellin writes in the SMH [http://www.smh.com.au/business/markets/currencies/aussie-dollar-slump-kneejerk-reaction-to-fed-20161215-gtbond.html] "Strong hints by the US Federal Reserve that interest rates will rise at a faster pace in 2017 have sent the greenback flying against most major currencies but analysts doubt the Australian dollar will
The Wall Street Journal reports that the dollar extended its powerful rally, spurring central banks in developing countries to take steps to stabilize their own currencies and threatening to create headwinds for the long-running U.S. expansion. AUD/USD has been in a downward spiral since the Trump victory, and