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Australian Dollar Outlook 21/7/2010

The Australian Dollar has opened higher after the Reserve Bank of Australia (RBA) said the next rate movement was all but dependent on official inflation data due next week.

Professor backs South Australia coroner’s proposed suicide toll

South Australia Coroner Mark Johns is suggesting a victims-of-suicide toll similar to the road toll saying this may prevent 200 people in the state from taking their own lives every year.

African nations threaten to quit Kimberley

All diamond producing African antions are now rallying behind Zimbabwe threatening to leave the Kimberley Process Certification Scheme if Zimbabwe was not allowed to market its diamonds freely. African countries, led by diamond rich Namibia, has already conveyed this decision to the KP.

Australian Dollar Outlook 20/7/2010

The AUD has opened fairly unchanged this morning currently trading around USD0.8690.

More news

Oil falls below $76 as poor U.S. data fans fears

Oil prices fell below $76 a barrel on Monday, extending the previous session's decline, on concern about the U.S. economic outlook after data showed consumer sentiment fell to a near one-year low. News that the IMF and European Union has suspended a review of Hungary's funding program at the weekend has also ignited fresh eurozone jitters, as the country will not have access to remaining funds in its $25.1 billion loan package set up in 2008 until the review is concluded.

Euro dips, pulls away from 2-month high

The euro pulled back from two-month highs on Monday, as investors booked profits on its rally while lingering concerns about Europe's sovereign debt problems looked likely to keep a lid on future gains. High-yielding currencies like the Australian and New Zealand dollars were also under pressure as subdued U.S. data and falling equities .SPX led investors to shun risky trades.

Healthscope agrees to $1.7 billion TPG, Carlyle offer

Australia's Healthscope Ltd on Monday recommended a $1.73 billion takeover offer from private equity firms TPG and Carlyle following a bidding war for the nation's second-largest hospital owner.

Australian Dollar Outlook 19/7/2010

The Australian Dollar once again retreated during Friday evening's trade as concerns about the global economic recovery emerged and equity markets headed down in Europe and the US.

Austerity hurts consumers in Europe but Asians upbeat

A drop in consumer confidence in Europe amid worries about the region's debt crisis is holding back a recovery in global consumer sentiment and weighing on the broader economic outlook, a survey showed on Sunday.

Oil stays below $77 in Asia as stocks slip

Global oil prices remained under $77 in highly volatile Asian trade as equity markets fell across the region while concerns over potential storms on the east coast of US helped the black gold. Light sweet crude for August delivery was seen trading at $ 76.71 a barrel at 11.30 a.m Singapore time while ICE Brent for September, the front-month contract after August expired on Thursday, gained 1 cent to $76.10 on the Comex.

Australian Dollar Outlook 16/7/2010

The AUD has opened slightly stronger this morning as ongoing concerns about the recovery in the US economy weakened the USD.

Australian Dollar Outlook 15/7/2010

The AUD has had a relatively quiet trading session overnight and we're likely to see a similar trading pattern this morning as the local market awaits the release of a wave of Chinese data due out around lunchtime.

Daily Forex Commentary 15/7/2010

Consumer sentiment in Australia markedly improved rising to 11.1% the most in 13 months, following 3 months of decline.

Australian Dollar Outlook 14/7/2010

The Australian Dollar has opened over one US cent higher this morning and is trading above USD0.8800.

Australian Dollar Forecast 13/7/2010

The AUD has opened slightly firmer this morning after some nervousness from traders yesterday ahead of the US reporting season saw the AUD move back towards USD0.8700.

Daily Forex Forecast 13/7/2010

Australia's dollar fell from its highest level in almost three weeks to an intraday low near 87 cents on the back of a drop in imports of iron ore and copper by China, the nation's biggest trading partner.

Survey shows doctors opposition to diabetes treatment fund

A June survey of 500 GPs across Australia showed that 88 percent are against the government's plan to pay them to treat patients with diabetes.

Lloyds unit to sell A$598 million auto-loan backed debt

A unit of British group Lloyd's plans to sell A$598 million ($524 million) of debt backed by auto-loans, a joint lead manager said on Monday.

Expert warns world facing ‘HIV holocaust’

Australia's top expert on HIV and AIDS has warned of a rolling holocaust facing the world as the pandemic kills two million people each year and many are denied treatment

Euro rally stalls; commodity currencies hold gains

A rally that pushed the euro to its highest level in more than two months stalled on Friday and the currency fell due largely to technical factors as investors took profits before the weekend. The euro rose 1.3 percent this week and touched $1.2723 earlier in the session, its highest level since early May, supported by strong German factory data, a positive U.S. jobs report and more clarity on European bank stress tests.