Tag: Growth | Import | Export

The Australian dollar has slipped below parity with the US dollar overnight, trading as low as US 99.961c overnight, remaining below parity in morning trade.

Australia’s largest certifier – Australian Certified Organic (ACO) – has made an exclusive agreement with Japanese Organic Cosmetic Organization (JOCO), empowering them to use JOCO branding without additional certification.

Aussie winemakers are being urged to consider exporting to the booming Chinese market by the Australia China Development Company (TACDC.com.au), with Chinese demand outstripping Australian wine supply to the country.

There has been much talk and speculation recently with the Australian dollar hitting parity twice with the US dollar in the last month alone (the last time parity occurred was in July 1982).

The Aussie dollar has surged past parity with the US dollar, reaching as high as US1.0062 after the US Federal Reserve announced that it would buy $600 billion in treasury bonds in an additional round of ‘quantitative easing’ to prevent deflation.

The Aussie dollar has failed to reach parity with the US dollar after coming as close as US 99.94 cents yesterday as profit takers moved into the market ahead of the release of US economic data tonight Australian time.

UK Trade & Investment (UKTI), the British Government’s trade and development arm, yesterday kicked off the UK Market Entry (UK-ME) business competition in Sydney to help Australian companies expand into the UK, Europe and the world.

The Australian dollar has hit US99.37c this morning as concerns the United States Federal Reserve will reflate the currency as soon as November continue to weaken the US dollar.

Everyone is talking up whether our dollar will reach parity with the US. In my opinion, the Australian dollar will not only reach parity but move to between $1.10 and $1.20 over the next 6 to 12 months.

Australian MiMedia Holdings Melbourne has signed a license agreement for its new internet radio application miRoamer with Pearl Group India, establishing a joint venture for India, Sri Lanka and Bangladesh.