NewsCase StudiesEvents

Aussie Dollar Finally Sees Plateau

Also in the news...

Getting a corporate bank account for your China business

When setting up a business in China, it can feel like your to-do list is never-ending.

Fiducenter at Going Global 2018

Nearly half of UK workforce would feel comfortable using wearable devices at work

With the international market for wearables having reached a new high in 2017 with 16.9% growth year on year,

Choosing your company name in China

In the words of Shakespeare – what’s in a name? Well when it comes to setting up a business in China, the answer is quite a lot

Insuring physical precious metals – are you fully covered?

Insuring our valuables and the precious things that we have is essential. If you own physical gold, silver or other precious metals, you would not like to risk loss of a part of your wealth. But are you sure that the insurance of your gold and silver really provides full coverage, full in terms of the full value being insured, and in terms of really being insured against all risks?

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.