Aussie at three-week low as buyers seek for safe assets

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Source: WBPonline
© Scanpix\AFP
The Australian currency has dropped to the lowest level in three weeks versus the U.S. Dollar and to over three-year low against the 17-nation currency as traders seek for safer assets amid growing outlook of military decision against Syria. The Aussie declined 0.56% to $0.8935 against the greenback. The Oz dollar retreated 0.78% to $1.5011 versus the Euro.
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Wed, 28 Aug 2013 11:02:11 GMT

Asian stocks hit hard by unrest in Syria; Nikkei at two-month low

Asian shares declined as tension around Syria boosted massive sell-offs, which fueled the save haven Japanese Yen and hurt Japanese overseas sellers. Japanese Nikkei 225 decreased 1.49% to 13,341.83, continuing to decline since August 23, while Australian S&P/ASX 200 index plummeted 1.00% to 5,089.70 and Hong Kong's Han Seng index slipped 1.48% to 21,557.00.

Tue, 27 Aug 2013 16:01:08 GMT

Aussie falls against counterparts as volatility rallies to 6-week high

The Australian currency declined against all 16 major peers as volatility headed towards the highest level in six weeks, curbing demand for the currency. The Australian Dollar plummeted 0.8% to 89.58 versus the U.S. Dollar and New Zealand's Dollar retreated 0.6% to 78.02 against the greenback. One-month volatility for the Australian currency increased to 13.03%.

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