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MONEYSAVERHQ .. Australian One Dollar Coins over Black

Australian dollar soars

THE Australian dollar has shot up above 95 US cents after the Reserve Bank of Australia gave a more neutral statement than the market expected.

Dollar
File-This Feb. 18, 2007, file photo shows an unsold 2006 Grand Prix sedan sitting outside a General Motors dealership in Boulder, Colo. General Motors’ safety crisis worsened on Monday, June 30, 2014, when the automaker added 8.2 million vehicles to its huge list of cars recalled over faulty ignition switches. The latest recalls cover seven vehicles, including the Chevrolet Malibu from 1997 to 2005 and the Pontiac Grand Prix from 2004 to 2008. The recalls also cover a newer model, the 2003-2014 Cadillac CTS. GM said the recalls are for “unintended ignition key rotation.” (AP Photo/David Zalubowski, File)

Business news you need to know

IT’S getting worse for General Motors, which has recalled a further 8.4 million vehicles. Meanwhile, housing prices in China has fallen for a second month.

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COST OF RUNNING A CAR .. Australian currency / note / cash

Australian dollar higher

THE Australian dollar is higher against the weakened greenback following more disappointing economic data out of the US.

$A bounces on weak US data

$A bounces on weak US data

THE Australian dollar has rebounded on the back of weaker-than-expected US economic data, bouncing to 94 US cents.

Original URL: https://www.dailytelegraph.com.au/business/markets/australian-dollar/page/130