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The Australian dollar has hit a 5 year low

On Tuesday midday it was at 0.62, meaning one Australian dollar can be exchanged for 62 US cents.

Heading on an overseas holiday? The Australian dollar tumbles – but it’s not all bad news

The Australian dollar plummeted despite the fact that the Federal Reserve has recently cut rates three times.

Market Mantra: Worst week since October 2020 amid Ukraine crisis

A recent poll done by Reuters found that the RBA will raise interest rates for the first time in over a decade in the July-September quarter.

Market Mantra: ASX records third straight weekly gain on strong earnings

Gold recorded its best week in nine months as mounting tensions between Russia and the Western World over Ukraine lifted bullion’s safe-haven appeal.

Market Mantra: Shares market fall while Australian dollar rises on inflation concerns

Speculations of an interest rate rise due to rising worries, the upcoming RBA meeting on Melbourne Cup day will be particularly important.

Must-read

Melbourne family shattered by loss of 16-year-old son, calls for better pedestrian protection

Chris Rua Antony died in hospital on February 20, a week after he was struck by a car while walking home from school along Pound Road in Narre Warren South.

Gaza’s endless War: Proxies, misinformation, and the civilians caught in between

Many senior Hamas leaders have lived for years in luxury abroad, in places such as Qatar and elsewhere, far removed from the consequences of the war they help direct.

Albanese and ministers join Ramadan celebrations, encouraging wider community participation

Social Services Minister Tanya Plibersek described Ramadan nights in Lakemba as one of Sydney’s great traditions, pointing to the bustling streets and strong sense of community.
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