Gary Cronin of Exportise blogs on Australian tourism: what impact will the strong Australian dollar have on the flailing Australian tourism market?
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Travelex’s Anthony Gray gives an overview of where the Australian market is at. As of 8 April employment is strong, interest rates are steady but the Australian dollar is “dangerously overbought”.
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As 2010 comes to a close, it’s time to reflect on the events of the year that affected Australian exporters. These five, in no particular order, have been chosen for the breadth of their impact although direct effects on exporters have varied. 1. Indian student attacks Two attacks on Indian students in Melbourne, seemingly racially [...]
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The Australian Institute of Export (AIEx) will host a seminar on how importers and exporters can cope with a rising Australian dollar at its November Western Sydney meeting ‘Effectively taming the Foreign Exchange beast!’ Guest presenter Sanjay Gnanadickam from Travelex will speak on the volatile global foreign exchange market, imparting valuable information and advice to [...]
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The Australian dollar rose 1.5 cents against the US dollar yesterday evening following the release of official data showing that Australia had recorded its first trade surplus for more than a year. According to the Australian Bureau of Statistics (ABS), the balance of goods and services recorded a surplus of $134 million in April, seasonally [...]
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A Commonwealth Bank report into currency expectations among Australian importers and exporters has delivered some worrying news. While nearly three out of every four importers and exporters expect the Australian dollar to increase in value by the end of the year, executives at the Commonwealth Bank are forecasting for a currency fall. The Aussie Dollar [...]
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South Australia was the Australian state worst hit by the global economic downturn and a rising Australian dollar, according to the Australian Bureau of Statistics. SA exports dropped more than 20 percent to $8.3 billion on the back of a 51.1 percent decrease in trade with the USA. Car exports declined by a massive 85 [...]
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An FCm Travel Solutions poll has revealed that business travellers are more likely to go overseas when the Australian dollar is strong, confirming that currency movements do have an effect on travel plans. “The strength of the Aussie dollar against the greenback or British pound means corporate travellers don’t have to exchange nearly as many [...]
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A new report by agriculture specialist Rabobank predicts that food commodity prices will rise in 2010 on the back of improved economic conditions, which will be of benefit to Australian agricultural exporters. The latest annual Australian Agriculture in Focus report sees increasing global demand for agricultural commodities such as dairy and sheepmeat, while the supply [...]
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The Australia dollar opened higher this morning on the back of a rise on equity markets and a lift in German business confidence. At 07:00 (AEDT), the dollar was trading at $US0.8919/24, up 0.39 percent from Friday’s close of $US0.8885/89. CMC Markets analyst David Taylor said the dollar had been boosted by further improvement in [...]
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