The Australian dollar is hovering at its weakest point in months as traders wager the local cash rate will stay at a record low for some time yet compared to th…
The Federal Reserve raised US interest rates again, the seventh increase since 2015 when the central bank resumed raising rates after the last recession.
The US Federal Reserve has signalled that a June rate rise is firmly on the agenda if economic conditions continue to improve.
The Australian dollar has soared to a nine-month high on the back of the US Federal Reserve’s dovish comments about interest rates.
Federal Reserve chair Janet Yellen has made clear that she expects US interest rates to be raised from their current record low before the end of the year.
Australia's two largest banks are now the nation's biggest currency bears.
The Australian dollar has fallen to a new four-and-a-half-year low after the US central bank issued a more upbeat assessment of the US economy.
Throughout the year, the US Federal Reserve has been softening up for the world for what - at the moment at least - appears to be inevitable.
The Federal Reserve decided in December to start tapering its bond-buying campaign because officials concluded the program had served its purpose, despite linge…