Australian dollar


Strong Aussie dollar prompts renewed calls for tourism industry boost

2:11PM | Wednesday, 8 February 2012 |  A tourism lobby group has renewed calls for the government to create more incentive for entrepreneurs to invest in tourist facilities, amidst the high local dollar and a $7.2 billion deficit.

Economist dismisses dollar-pound exchange strength

1:18PM | Thursday, 19 January 2012 |  Companies looking to do business in the United Kingdom shouldn’t expect any short-term gains, an economist says, despite the Australian dollar hitting a 27-year high against the British pound.

Services sector struggles to enter positive territory

1:00PM | Thursday, 5 January 2012 |  The services sector remained in negative territory in December, according to the latest Australian Performance of Services Index, with ongoing weakness across consumer-related sub-sectors.

Online shoppers swayed by Aussie dollar strength: Survey

12:01PM | Tuesday, 13 December 2011 |  One in five Australian consumers would shop less on overseas websites if the Australian dollar fell below US90 cents, a survey shows.

One in three SMEs expecting Christmas sales dip: Report

12:00AM | Tuesday, 6 December 2011 |  Nearly a third of small businesses are expecting a worse Christmas trading period than last year, with conditions “historically weak” for retailers, according to a new report.

Labor flags mini budget in desperate bid to return to surplus

11:57PM | Monday, 14 November 2011 |  The Federal Government has compiled a mini budget in a bid to return the budget to surplus next year, but the controversial measure is unlikely to impact small business.

Australians share wealth but not spending habits: Report

10:14PM | Thursday, 20 October 2011 |  Australia’s wealth is much more evenly distributed than other countries, a new report reveals, but start-ups are still being urged to choose their target markets carefully.

Business conditions and confidence improve amid rate cut talk

10:18PM | Tuesday, 11 October 2011 |  Business conditions perked up in September amid talk of an interest rate cut and the falling Australian dollar, the latest NAB survey shows, but global uncertainty is still having an impact.

Market uncertainty as Aussie dollar falls to 10-month low

10:35PM | Tuesday, 4 October 2011 |  The Australian dollar has dropped to its lowest level in 10 months, dipping to a low of US95.63 cents this morning, with the fall triggering a mixed response from struggling sectors.

Manufacturers at mercy of cotton prices, labour costs

8:25PM | Thursday, 25 August 2011 |  Clothing and footwear wholesaler Pacific Brands has reported a full-year loss of $132 million, highlighting the challenges facing the industry, including cotton prices and Chinese labour costs.