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2004

Currency Trade News

Jobs Report Fuels Dollar's Recovery From 11-week Low

Friday April 8, 2005
The dollar worked hard yesterday, adding more than half a cent after jobs figures showed 57,800 Australians entered the workforce last month. The stronger-than-expected employment report helped the currency recover from an 11-week low following the Reserve Bank's decision on Tuesday to leave interest rates on hold.

Analysts See Volatility Ahead For Dollar Whatever Reserve Decides

Wednesday April 6, 2005
Markets are bracing for a tumultuous morning of trading following the Reserve Bank's interest rate announcement at 9.30am today. The dollar shed half a US cent yesterday, finding only temporary relief in figures showing a shrinking trade deficit.

Into The Big Borrowers' League

Wednesday April 6, 2005
Australia has become the second largest consumer of international capital, with trade figures suggesting the current account deficit will remain close to its highest level in half a century.