Advertisement
Powered by MOMENTUM MEDIA
lawyers weekly logo
Growth

Australian dollar soars

by Staff Reporter3 minute read
The Adviser

The Australian reached 104 US cents this morning, the highest level since the currency was floated in December 1983.

Analysts say the sudden jump in the Australian dollar can be attributed to a dramatic slump in the US unemployment rate and weak ISM manufacturing data.

The Australian dollar is expected to trade between 103US cents and 104US cents today.

default

JOIN THE DISCUSSION

You need to be a member to post comments. Become a member for free today!
magazine
Read the latest issue of The Adviser magazine!
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Read more
You have 0 free articles left this month.
Register for a free account to access unlimited free content, or become a PREMIUM MEMBER to enjoy a wide range of benefits