Tag Archives | Australian dollar

Australian Dollar Declines On Caution Ahead Of Greek Election

After showing choppy trading in the Asian session on Thursday, the Australian dollar dropped against other major currencies in early European deals as investors remained cautious ahead of the second round of Greek elections, which will take place this weekend. Also, Italy will hold another key bond auction today, with the government aiming to raise [...]

Australian Dollar Recovers!

 The Australian dollar recovers from the deep plunge. According to National Australia Bank’s Australian business confidence plunged 10 points in August. There is doubts whether business will keep hiring employees. Unfortunately unemployment has increased the last few months. The Australian dollar is the most vulnerable currency for the time being but everything indicates that it [...]