Australia Forex

Australian resident enterprises recorded a net asset foreign currency exposure of $2.25 trillion as of March 31, marking a 34.6% increase from March 2022.

The Australian dollar reached a 13-year peak of NZ$1.23 against the New Zealand dollar following shifting interest rate expectations.

ASX-listed global money transfer company OFX Group (ASX:OFX) reported a challenging financial year ended March 31.

OFX Group (ASX:OFX) reported the completion of its new client platform migration across all major international markets.

The Australian dollar surged to its highest level since June 2022 on April 16, reaching a four-year peak of $0.7194.

The Australian dollar surged across the European session on April 6, bolstered by a glimmer of hope for de-escalation in the Iran conflict.

The Australian dollar softened on March 17 following a high-stakes Reserve Bank of Australia meeting where a cash rate hike was delivered.

The Australian dollar remains resilient against global risk aversion and rising oil prices, supported by hawkish RBA interest rate expectations.

The Australian dollar hits 45-month highs against the US dollar as RBA rate hike speculation grows.

Aussie and Kiwi dollars recover as global oil prices plunge 10%, easing inflation fears and providing a vital reprieve for risk-sensitive markets.

The Australian dollar has demonstrated remarkable resilience on March 3, pivoting from its traditional role as a high-beta risk proxy to benefit from a burgeoning "safe haven" bid.

Australian and NZ dollars saw sharp volatility early March 2, plunging on Middle East conflict fears before recovering most losses as markets stabilised.