The Australian dollar
fell 13 per cent since the middle of April.
The natural riposte from those who are long of Australian dollars
is that the Australian economy is in better health than that of either the euro zone or the United States.
Every one-cent rise in the Australian dollar
crimps cattle ranchers' revenue by 0.
A spokesperson for Virgin Blue stated that most of the carrier's expenses were in US dollars, which have increased as the Australian dollar
continues to fall.
SYDNEY & HONG KONG -- MoneyGram, (NYSE: MGI), a leading global money transfer provider, announced today that customers in China can now cash out money transfers from Australia in Australian dollars
at any Bank of China (BOC), CITIC Bank or Industrial and Commercial Bank of China (ICBC) branch location.
With this new acquisition, SMC's packaging group expects the contribution of its Australian and New Zealand businesses reach close to 300 million Australian dollars
Overseas merchants who display prices to Australian consumers in Australian dollars
will usually give consumers the choice to pay in the applicable foreign currency or in the Australian dollar
equivalent, as converted by the merchant at their own exchange rate (using a process known as 'dynamic currency conversion').
Blackmore's market capitalization has grown from 550 million Australian dollars
Besides pressure from the greenback, the Australian dollar
was also under pressure from other currencies, trading at 97.
13 September 2012 -- Texas, USA-based money transfer provider MoneyGram, (NYSE: MGI) said that customers in China can now cash out money transfers from Australia in Australian dollars
at any Bank of China, CITIC Bank or Industrial and Commercial Bank of China branch location.
The issue responds to strong demand from a broad range of investors in Australia, Asia, and Europe, and reflects IFC's continued commitment to the Australian dollar
market," said John Borthwick, IFC deputy treasurer and head of the funding programme.
Earlier the Australian dollar
fell on softer than expected consumer price index (CPI) data, dragging the NZ dollar with it but the NZ dollar rose against the Australian dollar