Currency

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Hamilton’s political enemies unduly tarnished his legacy. 'Hamilton' via www.shutterstock.com

It’s all about the Hamiltons, baby

Alexander Hamilton's story is our story. It would be a mistake to remove him from the $10 bill.
Puzzled by movements in the Aussie dollar? You’re not alone. Image sourced from Shutterstock.com

Obsessed with the dollar? What to expect from the Aussie in 2015

The Australian dollar is a curious currency. It is the fifth most traded in the world and it gyrates pretty wildly – having traded below 48 US cents and above 110 in the decade or so from mid 2001 to 2011…
Now is the winter of our discount cents. Kosala Bandara

Soaring Swiss franc causes havoc on currency markets

In one of the most remarkable days in the foreign exchange market for at least 20 years, the Swiss franc rose by an astonishing 30% against the euro in a mere five minutes. This is as a result of the announcement…
Six global currency-dealers have agreed to pay a total of US$4.3 billion to regulators in the US, UK and Switzerland. Image sourced from www.shutterstock.com

The fix is in: how banks allegedly rigged the US$5.3 trillion foreign exchange market

Suppose you’re in the supermarket shopping for groceries. While you’re strolling the aisle with your cart, a shadowy figure looms over your shoulder and changes the prices on the items you want to buy…
The dollar’s sharp rise in recent months stands to benefit consumers but exporters will suffer. Shutterstock

King dollar is back – for now

Recent months have seen a sharp jump in the value of the greenback, with more gains expected in the months ahead. After a period of prolonged weakness, the US currency once again is walking tall. Americans…
Punching above its weight? The Aussie dollar has captured the attention of Australians and international investors alike. Rebecca Le May/AAP.

Key events in the tumultuous life of the floated Aussie dollar

Further reading The float Australia had to have? Intervene or wait? The RBA faces a tricky path to a lower dollar Reasons we should expect a lower Australian dollar The boom has made the dollar a dazzler…
Who’s afraid of Bitcoin? BTC Keychain/Flickr

NAB’s Bitcoin ban a symptom of the digital currency threat

Virtual currency Bitcoin is not a subject that ever draws neutral reactions. Against those who see the radical possibilities of a frictionless payment system designed for the internet, there is a growing…
It’s hard to keep track of all this currency. epSos.de

Changing traders and tech won’t stop currency rigging

Authorities in New York have announced they are launching an investigation into the manipulation of the world’s biggest financial market – the US$5.3 trillion a day traded in currencies. New York regulators…
Can - and should - the RBA intervene to lower the Australian dollar? Image sourced from www.shutterstock.com

Intervene or wait? The RBA faces tricky path to a lower dollar

Reserve Bank Governor Glenn Stevens has again weighed in on the value of the Australian dollar, telling a group of economists the bank is open to the idea of intervening to bring its value down. With the…
China has far more to lose from too few US dollars than it does from a dollar surplus. Urbanartcore.eu/Flickr

US economic policy: the right settings, disastrous process

The US debt crisis is over for now, but legislators have just kicked the can down the road. In this series on the US debt ceiling, academics from Australia, the UK and the US assess the lingering global…
What does a shilling get me? epSos.de

Bankers have no reason not to fix currency rates

This week it was revealed that the UK’s Financial Conduct Authority (FCA) is investigating allegations that London-based currency traders in large financial institutions were manipulating exchange rates…
Burning a hole in your virtual pocket. zcopley

Bitcoin’s dilemma: go mainstream, or stay radical?

Bitcoin enthusiasts and libertarians the world over are in a state of confusion about the slowness with which the outside world is catching on to their new way of exchanging money. But regulators and lawmakers…
Unrest in Syria has raised concerns about world oil supplies. potomo

How the Syrian unrest affects world markets

Prospective US and UK military action in Syria has created jitters in the financial and commodities markets around the world. Stock markets have experienced significant losses, whereas commodities and…
A currency conversion deal between Australia and China, which would allow the renminbi to be traded directly against the Australian dollar, would slash costs for thousands of businesses. AAP

What would a Chinese currency conversion deal mean for Australia?

Julia Gillard leaves Australia for China tomorrow, her second trip to the Middle Kingdom as Prime Minister. As befits China’s status as Australia’s most important trading partner, the trip has attracted…

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