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2 Reasons the Australian dollar has charged higher above 69 cents
The Australian dollar (AUD) has charged higher to 69 cents against the US dollar. It is largely been driven by A weaker US dollar Strong iron ore prices A weaker US dollar During the start of the COVID-19 pandemic, the US dollar got stronger and stronger. Fear griped the market, creating massive demand for US dollars and US dollar ‘safe haven’ assets like US treasuries. Since the middle of March, as infection rates in many western countries peaked, markets started to focus on the recovery. As conditions improved, markets became more optimistic, moving money back out of the US dollar, […]
Australian Dollar reaches a 3 month high on recovery hopes
In short The AUD/USD hits a 3 month high of 0.6675 as hopes for an economic recovery increase The Australian dollar is nearly 12 cents higher from its lows in late March The AUD has also rallied higher against the Euro, Yen and British Pound in the past 2 months Time Open Low High Today 0.6625 In the last week 0.6511 0.6675 In the last month 0.6376 0.6675 The Aussie dollar has made a remarkable recovery to hit a 3 month high against the US dollar at 0.6675. As the world entered the economic downturn caused by COVID-19, the Australian […]
How Much Spending Money You’ll Need in the USA for 1, 2 or 4 Weeks
It’s not an easy task to figure out how much spending money to take to the USA. The United States keeps you on your toes with every American state (and sometimes even individual cities within states) imposing its own tax rates and rules. Those rates and rules will affect everything you buy, from your Statue of Liberty souvenirs to tickets to a baseball game. In Montana, for instance, there’s no sales tax. But in Louisiana, it’s 10%. All of that means there’s no standard budget you can apply to every state. On top of that, how much you spend will […]
Australian dollar recovers nearly 10 cents off recent lows
In short The Australian dollar has risen from 55 cents to 64 cents against the US dollar Money that flooded into US dollars as investors seek the safety of ‘safe haven’ assets is now flowing in the opposite direction The AUD has also gone up against the Euro, Yen and British Pound Time Open Low High Today 0.6384 In the last week 0.6133 0.6444 In the last month 0.5530 0.6444 The Australian dollar has bounced back after it fell to 55 cents less than a month ago. It has rallied more than 9 cents against the US dollar but has […]
Using Money in the USA
You’ve got that epic holiday in the US planned. Naturally, you want your money to go as far as possible. This guide provides you with a thorough overview of how to take and spend money to the US so you know not just the ins and outs of the greenback but also how to get the best value during your time Stateside. In this guide, you’ll find info on: Using Cards Using Cash The Best of Both Worlds: Using Cash AND Card!
AUD in GFC style freefall dropping 10 cents in 10 days
In short The AUD is collapsing against the US dollar, Euro and Yen Money is flooding into US dollars as investors seek the safety of ‘safe haven’ assets The Australian dollar has reached parity with the New Zealand dollar Time Open Low High Today 0.5739 In the last week 0.5530 0.6315 In the last month 0.5530 0.6710 The Australian dollar is in free fall. In scenes reminiscent of the Global Financial Crisis, the Aussie dollar crashed to 55 cents before making a minor recovery to end the day just above 57 cents. The AUD to USD exchange rate has fallen […]
