Company operating profits in Australia soared 20.1 percent on quarter in the fourth quarter of 2016, the Australian Bureau of Statistics said on Monday. more...
Private capital expenditure in Australia was down a seasonally adjusted 2.1 percent on quarter in the fourth quarter of 2016, the Australian Bureau of Statistics said on Thursday - coming in at A$27.579 billion. more...
Australia's resource exports are expected to make a significant contribution to output growth, offsetting the drag on growth from the falling mining investment, policymakers of the Reserve Bank of Australia said at the board meeting held on February 7. more...
The AUD/USD has started Tuesday’s trading breaking out to a new 2017 high at .7384. However, the pair was quickly rejected by resistance found at a 61.8% retracement value at .7385. As seen in the image below, this retracement has been measured using the distance between the December 2016 high and low, found at.7524 and .7159 respectfully. If prices continue to trade beneath this value, it may suggest a daily turn back in the direction of the pairs primary trend. Alternatively if the AUD/USD rebounds ...
INTRODUCTION TO AUSTRALIAN DOLLAR Like Canada, Australia's economy is a service based economy, with over 68% of GDP coming from the service sector. Although agriculture and mining account for only 4.7% of Australian GDP, they account for over 65% of the country's exports. This makes the currency highly sensitive to increases or decreases in the price of commodities, especially gold, as Australia is the world's 3rd largest exporter of gold. While the country and currency ...
Recent Comments