Australia, NZ dlrs tick higher, USD capped as Trump withholds detail

By Swati Pandey SYDNEY, Jan 23 : The Australian dollar stayed near a 2-1/2-month peak on Monday while the U.S. dollar was on the back foot after U.S. President Donald Trump offered no detail on his plans to stimulate economic growth. The Australian dollar stood at $0.7572, within kissing distance of last week’s high of […]

One dead, several injured after car crashes into pedestrians in Australian city Melbourne

By Tom Westbrook and Jamie Freed SYDNEY, Jan 20 : One person was killed and 20 injured when a car hit pedestrians in the centre of Australia’s second-largest city Melbourne today, police and emergency services said. Australian media reported that the car was driving erratically before the incident, which occurred during the city’s busy lunchtime, […]

Australia, NZ dlrs fall off peaks as US$ rallies on Yellen comments

By Swati Pandey and Charlotte Greenfield SYDNEY/WELLINGTON, Jan 19 : The Australian and New Zealand dollars came off multi-week peaks on Thursday as their U.S. counterpart staged a sharp rebound after Federal Reserve Chair Janet Yellen suggested U.S. interest rates could rise quickly this year. The Australian dollar was sitting at $0.7500 in late morning […]

Australia jobless rate ticks up, full-time work extends recovery

By Wayne Cole SYDNEY, Jan 19 : Australian employment rose moderately in December as full-time jobs increased for a third straight month, though the unemployment rate still ticked up to its highest since June as more people went looking for work. Thursday’s data from the Australian Bureau of Statistics showed employment rose a net 13,500 […]

Leader of Australia’s biggest state economy quits politics

By Colin Packham SYDNEY, Jan 19 : The leader of Australia’s biggest state economy, New South Wales (NSW), today announced his resignation from politics two years out from the next election, citing ill-health in his family as one reason for his surprise departure. State Premier Mike Baird has overseen major privatisation and infrastructure investment in […]

Australia, NZ dlrs at multi-week highs as US$ sags

By Swati Pandey and Charlotte Greenfield SYDNEY/WELLINGTON, Jan 18 : The Australian dollar held near two-month highs on Wednesday as traders unwound their long positions in the greenback after U.S. president-elect Donald Trump expressed concerns at the currency’s strength. The Australian dollar stood at $0.7542, a level not seen since Nov.14. It shot past a […]