The Latest Breaking News from Australian Dollar

Australia's second quarter is typically associated with seasonal trends in tourism and travel. The country attracts many international tourists as Australia's weather becomes more favorable during this period. The influx of visitors can influence the demand for the Australian Dollar. Could this put profits in traders' accounts this year?

Motorists have been hit in the hip pocket by petrol price rises and the latest spike may put a dent in the Reserve Bank's fight against inflation.

Australian investors were rattled after an explosion in eastern Poland left two people dead amid worries the war in Ukraine could spill across the border. The corporate regulator suspends the financial services licence of crypto currency firm FTX Australia. Nufarm, Graincorp and Aristocrat Leisure see a rise in profits.

Australian stocks ended in the red as Wall Street assesses where official US interest rates are going, and the Reserve Bank says its has suffered reputational damage over interest rate forecasts. CBA makes multi-billion dollar first quarter profit.

Petrol prices are sitting just shy of $2 per litre on average, with the weak Australian dollar boosting prices at the pump.

Australian police have offered a 1 million Australian dollar ($633,000) reward for information on the whereabouts of an Indian national who is suspected of murdering a woman on a tropical beach four years ago before returning to his homeland

The Australian dollar falls to its weakest level since late April 2020, while the local share market begins its week lower, tracking sharp losses on Wall Street as worries about higher interest rates and a potential recession in the United States hurt investor sentiment.

A higher US dollar isn't great news for global trade, but some Australian businesses are able to benefit and travellers have reason to smile as well.

The Australian share market regains some ground, as the Dow Jones index enters a bear market, while the Bank of England says it will not hesitate to raise interest rates. The Australian dollar falls to the lowest since May 2020.