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Australians travelling overseas are set to be badly affected, with the Australian dollar also already at three-year lows against the euro and the British pound sterling.
Having dropped over 2 percent on Tuesday, the Australian dollar weakened a bit more to hit a four-month low of $0.6568 on Wednesday.
Source: https://business.inquirer.net/390028/dollar-hits-3-mth-high-as-powell-flags-higher-rates
'Really, the only way out of this for China in the long run is for their currency to fall and the Australian dollar fall is very attached to the yuan.'
So even though their currency hasn’t depreciated, say, nearly as much against the Australian dollar, they’re not flocking to Australia.
The Australian dollar is having a miserable day, with losses of over 1%.
The Australian dollar is higher, up 0.2 per cent to 66.80 US cents at 7.35am AEDT.
The Australian dollar is the strongest G10 currency this week, while the yen is recovering after a firmer than expected Tokyo CPI.
The Australian dollar is trading quietly on Wednesday.
Source: https://www.marketpulse.com/20230111/australian-dollar-shrugs-as-cpi-jumps/
The Australian dollar, meanwhile, surged in the aftermath of the Reserve Bank of Australia’s (RBA) interest rate decision, rising as much as 1 percent to an intra-day high of $0.
Source: https://business.inquirer.net/385418/dollar-pauses-bullish-run-aussie-jumps-after-rba-rate-decision
The Australian dollar was at close to a 10-day high against its US counterpart, buying 67.14 US cents, from 66.38 US cents at Thursday’s ASX close.
Source: https://thenewdaily.com.au/finance/finance-news/2023/03/17/asx-six-week-losing-streak/
The Australian dollar was buying 65.22 US cents, from 65.34 US cents at Thursday's ASX close.
The Australian dollar was buying 65.51 US cents, from 65.22 US cents at Thursday's ASX close.
Source: https://www.perthnow.com.au/business/australian-shares-rally-on-us-deal-to-avoid-default-c-10802307
The Australian dollar was buying 68.39 US cents, down from 68.95 US cents at Tuesday's ASX close.
Source: https://www.perthnow.com.au/business/markets/australian-shares-fall-as-bond-yields-rise-c-9831987
The Australian dollar was up 0.3 percent to $0.6929, having slid more than 0.5 percent earlier in the session after a surprising fall in Australia’s January employment figures.
Source: https://business.inquirer.net/386933/dollar-eases-as-investors-price-out-armageddon-recession-risk
The British pound was up 0.1 per cent at $US1.2409 ($A1.7775) and the Australian dollar, seen as a liquid proxy for risk appetite, was up 0.6 per cent at $US0.701 ($A1.
Source: https://www.perthnow.com.au/business/markets/european-stocks-rise-on-economic-optimism-c-9537926
The dollar index, which measures the greenback against six other currencies, fell 0.45 per cent as commodities currencies like the Australian dollar gained and the euro rose on the positive French and German inflation data.
Weaker demand for Australian exports will likely weigh on the weak Australian dollar, which is down 2.4% in the month of August.
Source: https://www.marketpulse.com/fundamental/aud-usd-rebounds-as-inflation-expections-dip/kfisher