By 22 June, the Australian dollar traded at 1.01 USD per AUD, which was 1.3% stronger than in the same day of the previous month. The figure, however, follows on a 6.9% depreciation recorded in the month of May, when the currency traded at 0.97 USD per AUD, marking the lowest end-of-month reading since September 2010. On an annual basis, the AUD traded 9.2% weaker than in the same month last year. The Australian dollar fell sharply in May due to heightened risk aversion on the back of a further deterioration of the debt crisis in the Euro area periphery. However, the Australian dollar gained strength at the beginning of June following the positive stream of news from Greece, where the elections saw a victory of the pro-austerity parties, easing concerns over a Greek exit from the Eurozone.
Australia Exchange Rate
Australian dollar picks up after reaching 20-month low versus USD
June 22, 2012
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Australia Exchange Rate Chart
Note: Daily spot of U.S. dollar (USD) against Australian dollar (AUD).
Source: Reserve Bank of Australia (RBA).
Australia Economic News
October 12, 2016
The Westpac-Melbourne Institute Survey of Consumer Sentiment increased 1.1% in October as the index rose from September’s 101.4 to 102.4.
October 11, 2016
The business confidence index published by the National Australia Bank (NAB) was stable in September at August’s 6 points.
October 5, 2016
Nominal retail sales inched up 0.4% in August from the previous month in seasonally-adjusted terms, up from July’s flat reading.
October 4, 2016
At its 4 October monetary policy meeting, the Reserve Bank of Australia (RBA) kept its policy rate steady at an all-time low of 1.50% after cutting its rate by 25 basis points twice this year, once in May and once in August.
September 15, 2016
The labor market lost 3,900 net new jobs in August compared to the previous month in seasonally-adjusted terms.