NewsCase StudiesEvents

Aussie Dollar Finally Sees Plateau

Also in the news...

Interested in looking at business opportunities in Kazakhstan?

The Euroasia Business Forum will be held on 23-24th April 2015 in Almaty, Kazakhstan.

Berlin Start Ups to Watch

Berlin is one of the most affordable and hippest cities in Europe. Combine these two factors and a flourishing start up market is a natural consequence.

Powering Change In India

In order to deliver on its ambitious plan to position India as a global economic powerhouse over the coming years, the Government of India needs to urgently develop its domestic energy network.

Security expert to head government export sales organisation

Stephen Phipson CBE to become Head of UKTI Defence and Security Organisation

PM celebrates US investment and jobs boost on Washington trip

UK companies have announced US trade and investment deals worth more than 1.1 billion that will create 1,700 new jobs in the UK.

Aussie Dollar Finally Sees Plateau

Back to News

The cent has been expected to fulfil speculation made by regional and international equity markets for some time now.

A currency bucking the recessional trend is the Australian dollar, which finally levelled out today, closing just half-a-cent higher than its America counterpart. However, this came as no surprise. The cent has been expected to fulfil speculation made by regional and international equity markets for some time now.The Australian dollar closed on a trading positive of 65.20 US cents, which was a rise of 48 cents from Thursday.

The Oz Forex manager, Jim Vrondas, had this to say: The market was a bit disappointed with how we finished here, obviously, with our (stock) market being up three per cent, and the Aussie hasn't really followed through with it. But weve had a very good run up already, especially in the last couple of days and it's only natural that in this environment the Aussie would plateau at some point.

You are not logged in!

Please login or register to ask our experts a question.

Login now or register.