Australia&#39;s foreign exchange market booms
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The Reserve Bank says there has been a sharp increase in activity on Australia&#39;s foreign exchange markets over the past three years.
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SYDNEY (Dow Jones)--As Australia consigns the lengthy federal election campaign to history, the outlook for interest rates returned to center stage Monday as housing
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Australia&#39;s economy expanded 1.6 percent in the March quarter, posting its strongest growth in three years and sending the Australian dollar to a 17-year high, official data released Wednesday showed.
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2004 in review Market booms, busts - all in one year
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Fresh highs and international volatility. Sound familiar?
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TONY EASTLEY: For years Australia&#39;s economy has been going at a cracking pace. Boom and surge were the words that accompanied the Treasurer&#39;s descriptions of the economy as Australia enjoyed growth not seen since the 1960s.
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The euro jumps to an all-time high against the dollar, raising fears about European growth, and the price of gold rises as people switch out of the dollar.
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A bidding war for Australia&#39;s biggest hotel owner has helped push the Australian share market into record territory yet again.
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The Australian share market has rebounded and recovered almost all of its losses from yesterday. At the end of trade the All Ordinaries was 23.
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Foreign exchange markets felt the impact of China's growing economic muscle this week when a report claiming the country's central bank had sold US Treasuries helped push the euro to all-time highs, underscoring market sensitivity about a possible yuan revaluation.
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SYDNEY (Dow Jones)--Australian data released Monday confirmed a story of reaccelerating economic growth in the second quarter as company profits surged while inventories
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The Australian share market renewed its climb Tuesday, led by gains on Wall Street and a turnaround in the miners that had driven the market to its biggest fall in six months the day before.
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With the U.S. currency falling, more investors are thinking about the foreign exchange market. But experts advise caution
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The dollar roared higher on Tuesday as  investors unwound bets on a further near-term decline after the  currency had plumbed several record lows against the euro in  the final days of 2004.
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Indonesia&#39;s financial markets have reacted with shock to an explosion at the Australia embassy, with both shares and the currency sliding.
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The dollar recovered on Thursday,  buoyed by profit-taking in other currencies and comments by the  European Central Bank's top official urging Asia to adopt more  flexible foreign exchange regimes.
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New Zealand&#39;s foreign exchange market turned over an average of $US7.5 billion ($NZ11.4 billion) per day, according to Reserve Bank survey published today.