The Australian dollar peaked at 99.2 US cents overnight, the highest it’s been since the dollar was floated in 1983. And while Australian travellers are cheering, exporters and educators are bracing for significant fallout. Crikey intern Jane Vashti Ryan reports.
Australian dollar
Kohler: Marx’s great capitalist creation
Australia’s currency revaluation to US99c last night is as much part of a disorderly global re-balancing and a repudiation of Marxism as a reflection of the stunning strength of the Australian economy.
Markets question ratings, credit worthiness
Markets are starting to question the ratings and creditworthiness of a growing number of countries, as the Aussie dollar falls below 82 US cents.
Economics 101 on the rise and fall of the Aussie dollar
The Coalition and some commentators would have you believe the RSPT debate is affecting the dollar. It’s a fairy story. Glenn Dyer and Bernard Keane explain why.
Business As Usual: The European crisis … Japan holds on … Canwest lifeline
The Aussie dollar’s performance against the euro has snuck up, Greece is in deeper economic woe than anyone thought, Canwest has been thrown a lifeline and the Reserve Bank to speak in today’s business wrap.
Business As Usual: The dollar is travelling well
The booming Aussie dollar is encouraging Australians to travel more overseas, yesterday’s Super Bowl was the most watched game in history and the most watched TV show ever, Clive Palmer is back to his old tricks and more business briefs.
Dollar’s strength leads to a whiff of disinflation
The cost pressures seen in the September quarter, especially from government cost increases, seemed to vanish from Australian industry in the three months ending December 31.
Unsure whether to be happy or sad over the rising dollar?
With news that the Aussie dollar has dropped under 90c today, Tim Boreham writes on the changes — both good and bad — that a strong Aussie dollar brings. It’s not the doom and gloom that many are predicting.
The dollar is not an Aussie battler
Don’t get too excited about the super cheap international holidays available right now. A weak Aussie dollar keeps our manufacturing up, our unemployment down and our exports competitive, writes Tom Elliot.
Kohler: The disaster of a strong Aussie dollar
The rising Aussie dollar may be catastrophic for the manufacturing industry, writes Alan Kohler, and will seriously impact engineering and construction work. How will we cope?
Rising $A smashes exports
The rising value of the Australian dollar has had a dramatic impact on the value of our imports and exports in the three months to September and over the 12 months to the end of the same month.
Political economy: There’s no recession in Washington
Henry Thornton is in Washington, where the public servants, politicians and lobbyists are buying like there’s no tomorrow.
Aussie dollar may hit $US1.10
RBA chief Glenn Stevens and St George Bank’s chief economist both say the Australian dollar may hit parity with US currency as economic growth continues apace.
Spiralling dollar spells current account chaos
Standby for a good, old fashioned current account scare, as the Australian dollar continues to rise as it did last night in the wake of the Reserve Bank rate rise.
Trade figures reveal impact of the rising Aussie dollar
The August trade figures reveal the impact of the sharp rise in the value of the Aussie dollar, especially against the US currency, which has helped drive down the value of imports and export returns.
Political economy: the ‘two-speed’ economy is back
Although Australia appears to have dodged a bullet in the global financial meltdown, the economic situation across the country is far from even, writes Henry Thornton.
$A top notch says New York mag
Australia has weathered the global financial crisis far better than its peers, says Manhattan magazine favoured by socialites.
Crikey Clarifier: The Aussie dollar
Arlene wants to know — if the Oz economy is so much better than the USA one, why has our dollar dropped so much recently against the greenback? Crikey has the answers.
Aussie dollar rebounding. Why the surprise?
The Aussie dollar is on the way back for the time being, much as it should be. So why all the breathless reporting? asks Glenn Dyer.
Bartholomeusz: Support for the Aussie dollar dwindling
The Aussie dollar has plungd dramatically as the heat has come out of commodity prices. But as Business Spectator’s Stephen Bartholomeusz writes, no-one expected it to fall this fast.
The incredible shrinking Aussie dollar
Forget oil and interest rates, watch how the Aussie dollar is travelling to keep your finger on the pulse of the economy.
$AU at 95.50: that’s no Pacific Peso
The Australian dollar is on a high, writes Glenn Dyer.
Inflation climbs, the Aussie dollar follows
Confirmation of a poor set of Consumer Price Index figures for the March quarter won’t draw an interest rate rise from the Reserve Bank, writes Glenn Dyer.
ABARE outlooks fuels commodities illusion
For the sake of the currently highly charged Australian stock market, BHP Billiton had better reveal a big upgrade in its mineral resources in its annual report tomorrow. If it doesn’t, there’s not much to support the market except an illusion built on higher commodity prices, which in turn are being driven by the weakening US dollar.
