It's a similar situation in South Africa, where the Australian dollar is down 5.3 per cent against the South African Rand.
A new report suggests they could be reduced by up to $10-20 billion in revenue each year.
AUD/USD remains under heavy selling pressure below 0.6500 in the Asian session on Tuesday, reversing some losses. Trump's threatened additional 10% tariffs on China, weighinmg heavily on risk ...
WELLINGTON: The New Zealand dollar is forecast to weaken around 6% in the coming months as a slowing economy prompts ...
Suddenly, the New Zealand dollar against the United States dollar is getting more attention, having dipped below US$0.60.The ...
Donald Trump took to his Truth Social platform on Monday to react to the move by special counsel Jack Smith to "dismiss the ...
US Treasuries have added to the gains spurred by the late-Friday announcement of Scott Bessent — a Wall Street veteran who ...
Bessent for US Treasury Secretary is taking the top of US interest rate risk post-election. Oil prices eased on prospect of a ...
Sydney home prices are expected to fall by $20,000-$80,000 next year as affordability challenges and delays in widely anticipated interest rate cuts drag the property market.
Markets and economists widely anticipate that the Reserve Bank of New Zealand (RBNZ) will reduce the Overnight Cash Rate (OCR ...
In emerging markets, China-sensitive currencies, including the South Korean won (KRW), Taiwanese dollar (TWD), and Thai baht (THB), have outperformed currencies in the Central and Eastern Europe ...
Kim has been fighting his extradition to the USA for years, and things have been looking less good recently. Now he reports on X that he has suffered a stroke.