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Tag: Australian Dollar

Australian Dollar Rises From One-Week Low; N.Z. Dollar Declines

By Candice Zachariahs
March 10 (Bloomberg) — Australia’s dollar rose after touching a one-week low as rising domestic stocks revived demand for the currency. New Zealand’s dollar fell.

Yen Drops for Third Day on Concern Japan’s Economy Is Worsening

By Yasuhiko Seki and Ron Harui
March 10 (Bloomberg) — The yen fell for a third day against the euro before government reports that analysts say will show Japan’s recession is deepening, reducing the appeal of the currency.

Australia, New Zealand Dollars Slide as Equities Touch New Lows

By Candice Zachariahs
March 6 (Bloomberg) — The Australian and New Zealand dollars fell as U.S. equities plunged and Australia’s stock benchmark headed for its lowest close in 6 1/2 years after China quelled speculation the government will add to its stimulus plan.

Australia, New Zealand Dollars Reach 1-Week Highs on China Plan

By Candice Zachariahs
March 5 (Bloomberg) — The Australian and New Zealand dollars advanced to the highest in a week on speculation China will add to $585 billion of stimulus plans, raising demand for commodities that comprise a majority of the two nations’ exports.

Australian Dollar Drops to One-Month Low After Economy Shrinks

By Candice Zachariahs
March 4 (Bloomberg) — Australia’s dollar fell to a one- month low after a government report showed the economy unexpectedly shrank last quarter, adding pressure on the central bank to resume interest-rate cuts. New Zealand’s dollar slid.

Australian, N.Z. Dollars Slip as Asia, U.S. Slumps Deepening

By Candice Zachariahs
Feb. 26 (Bloomberg) — The Australian and New Zealand dollars slid after government reports in Asia, Europe and the U.S. increased concerns the global recession is deepening.