Dollar tipped to sink to US75c
RESERVE Bank Governor Glenn Stevens maintains the Aussie dollar is overvalued and that by year’s end it will sink even further against the US dollar.
Reserve Bank
Find the latest news and finance updates for the Reserve Bank on Australia, from cash rate increases to economic forecasts.
Australian dollar freefalling
THE Australian dollar has plummeted to fresh four-and-a-half-year lows after the head of the Reserve Bank said he wanted the currency to fall to 75 US cents.
Australian dollar dips below 85c
THE Australian dollar has slipped back below 85 US cents amid a stronger US dollar and uncertainty about the Reserve Bank’s next move.
Australian dollar below 86c
THE Australian dollar is weaker after a Reserve Bank official hinted at another rate cut.
Australian dollar firmer
THE Australian dollar is firmer despite the Reserve Bank governor telling a business dinner that interest rates are likely to stay at record lows for some years.
Australian dollar bounces back
THE Australian dollar has bounced back from its tumble after the Reserve Bank said it hasn’t ruled out intervention to bring the currency lower.
Australian dollar higher
THE Australian dollar is higher following the Reserve Bank’s steady-as-she-goes statement after its monthly board meeting.
Dollar still overvalued, RBA says
THE Australian dollar is still higher than it should be despite its recent decline to a four-year low of 86.43 US cents, the central bank says.
Australian dollar hits 88 US cents
THE Australian dollar has hit a two-week high, after the Reserve Bank signalled it would not change the cash rate in the foreseeable future.
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Australian dollar lower
THE Australian dollar has continued lower after Reserve Bank governor Glenn Stevens said he would not rule out intervention to bring the currency lower.
Australian dollar hovering
THE Australian dollar is hovering above 93 US cents as investors await the release of the minutes of the Reserve Bank’s August board meeting.
Australian dollar drifts lower overnight
THE Australian dollar has drifted lower overnight as investors await inflation data and comments from Reserve Bank officials.
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Australian dollar down
THE Australian dollar is lower following strong US jobs figures and comments from the Reserve Bank governor about the currency being too high.
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.
Airline fee crackdown fails to fly
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Australian dollar hits one-week low
THE Australian dollar has hit a one-week low after some negative comments on the local economy from the Reserve Bank of Australia.
$A higher after NZ rate hike
THE Australian dollar rose above 94 US cents after the Reserve Bank of New Zealand increased its cash rate.
Australian dollar drifts lower following RBA rally
THE Australian dollar has drifted lower after getting a boost on Tuesday from the Reserve Bank’s monthly statement.
Australian dollar lower
THE Australian dollar is slightly lower in cautious trade ahead of the release of the minutes of the Reserve Bank’s May board meeting.
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