The Currency Converter

Currency Report: Australian and New Zealand Dollar Exchange Rates

November 23rd, 2010

News of a likely slow down in China sparked fears of the Australian economy’s prospects and the Australian dollar duly fell against the US dollar but remained on the up against the euro, pound and New Zealand dollar as investors decided that on balance, the problems in these parts of the world were more serious than those faced by the Australian economy.

The New Zealand dollar fell heavily against the pound and US dollar after Standard & Poor’s downgraded New Zealand’s sovereign credit outlook over the weekend.

News of the latest skirmish between the two Koreas did nothing to aid risk appetite and with the heavy falls in the Asian stock markets overnight came further losses for the risk appetite driven Australian and New Zealand dollars.

Related posts:

  1. Australian and New Zealand Dollar Rate Update
  2. Australian Dollar Currency News
  3. Currency News: The US Dollar