Currency news

$A plunges as August rate cut looms
The Australian dollar has plummeted after the Reserve Bank slashed its inflation outlook, raising the chances of an August rate cut.
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NZD gains to two-month high vs Aussie
The New Zealand dollar rose against its Australian counterpart after the Reserve Bank of Australia lowered its forecast inflation track.
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$A fallen on weak commodities, strong $US
The Australian dollar is sharply lower and faces further headwinds from the US non-farm payrolls report for April due on Friday night (AEST).
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$A lower, facing further downward pressure
The Australian dollar has managed to stay above 74.50 US cents since the Reserve Bank cut rates on Tuesday, but the currency is facing downside risks.
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NZ dollar falls as greenback strengthens
The NZ dollar loses ground against the US dollar ahead of the release of key jobs data Stateside.
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$A lower ahead of RBA statement
The Aussie has dropped almost half a US cent again, remaining in a holding pattern since the RBA cut rates on Tuesday.
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Stronger trade data halts $A fall
Data showing Australia's trade deficit improving in March has halted the freefalling Australian dollar which is trading around 75 US cents.
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NZ dollar edges up before RBA statement
The kiwi saw a slight rise against its Australian counterpart ahead of the Reserve Bank of Auatralia's monetary policy statement on Friday.
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Shrinking trade deficit halts $A's fall
Figures showing Australia's trade deficit improving by almost 30 per cent to $2.1 in March have arrested the freefalling Australian dollar.
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Investors selling off $A after RBA cut
The Australian dollar is dropping rapidly with nervous investors believing that the Reserve Bank is set to cut rates again.
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