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Australian Bank Halts Development of ETH-Based Stablecoin
20.6.2024
The National Australia Bank recently abandoned its stablecoin initiative, and the development team behind the project is now involved with the Ubiquity stablecoin. The Australian bank’s decision to shelve the stablecoin project shows that startups are better positioned to innovate or adapt than...
Supreme Court Ruling Bolsters Australian FTX Creditors’ Prospects for Full Recovery
2.2.2024
The prospects of Australian creditors of the crypto exchange FTX getting all their money back recently received a boost after a judge ruled that only those who initiated Australian dollar withdrawal requests are entitled to a share of the $26 million recovered. Australian investors with...
Binance Australia partner hints at rising ‘scams’ after debanking exchange
19.5.2023
Cuscal, the company that handles AUD on-and-off ramping for the exchange, declined to comment specifically on why it decided to pull support for Binance Australia
Binance Australia Halts Australian Dollar Bank Transfers
18.5.2023
Exchange blames third-party payment providers, and says that credit as well as debit cards can still be used
Binance Aus suspends AUD fiat services, citing issues with third party
18.5.2023
Australian dollar deposits and withdrawals have been suspended by the exchange citing a decision made by a third-party prov
Investor Richard Mills Says Economy Is Rushing Into a ‘US Dollar Crisis of Epic Proportions’
20.10.2022
While the U.S. dollar has been extremely robust in recent times, compared to a myriad of fiat currencies worldwide, a number of analysts and economists think the greenback will eventually falter in an inconceivable manner. The owner of aheadoftheherd.com, Richard Mills, published a comprehensive...
USD Index Starts Inching Toward Highs Again, Société Générale Economists Say Rebound Towards 114.8 Peak ‘Is Not Ruled Out’
9.10.2022
In 2022, the U.S. dollar has been very strong, despite the global economy’s downturn and the rising inflation worldwide. 12 days ago, the U.S. Dollar Index (DXY) rallied to a high of 114.8 and since then, the index has pulled pack and a recent analysis from economists at Société...
Australia Issues White Paper for Central Bank Digital Currency
28.9.2022
Reserve Bank of Australia is researching the potential benefits of launching a central bank digital currency. The monetary authority released a white paper outlining its goals and invited interested parties to participate with proposals and suggest pilot projects. Central Bank of Australia to Pilot...
Australian Dollar Falls Against the US Dollar, with Surge in US Yield
22.4.2022
Forex brokers are institutions or individuals who have been duly authorized to perform transactions related to foreign exchange. In the case of Australia, forex brokers must be authorized by the Australian Securities and Investment Commission, also known as ASIC. The Australian Dollar has emerged...
As Europe Seeks Alternatives, the Australian Dollar May Rise
18.4.2022
The Australian Dollar is the fifth most traded foreign currency on the exchange board. Reasons could be trade, commerce, or tourism, and the Australian Dollar was the Australian Pound from 1910 to 1966. The Reserve Bank of Australia looks after the regulation of the Australian Dollar, offering...
RBA’s Decision on Hikes Will Influence the Australian Dollar
1.4.2022
The Australian economy is stronger than before, but the Australian Dollar is testing tides against the national resistance level. Fundamentals have held their ground as the Australian Dollar is backed by two factors. A healthy national balance sheet and the elevated commodity prices have, as...
Asia-Pacific Market Rally Expected to Push the Australian Dollar
23.3.2022
The overnight fluctuations on the Australian dollar seem to put things into perspective for investors. The AUD/USD pair has seen a significant hike that brought the currency to the $0.75 level. The Aussie currency continues the streak following an emerging bullish sentiment for Asian stocks....
Australian Dollar Recovers While US Dollar Falls Further
1.2.2022
The week started on a rough note for the dollar as the safe haven dropped again on Tuesday. The currency has been on a falling spree ever since the Fed hinted at increasing the interest rates in March. On the other hand, the news spelled good news for risk-sensitive currencies like the pound....
Australian Dollar Stayed Low Despite Concern Over Omicron
1.12.2021
On Wednesday, Yen stayed firm in the volatile market condition. At the same time, the risk-sensitive Australian dollar fell to a one-year low as Federal Reserve Chair Jerome Powell signaled a speedier reduction of stimulus despite the dangers associated with the Omicron COVID-19 variation....
Australian Dollar Rises While Energy Prices Keep Soaring
27.10.2021
The AUD witnessed a slight surge after the Australian CPI numbers were released recently. Q3 headline inflation arrived with 0.8% q/q versus the forecast of 0.8%. Meanwhile, the annual headline rate reached 3.0% in y/y against the expected 3.1%. The former reached 0.7% q/q instead of 0.5% with...
AUD/USD, China, Australian Dollar, Risk Trends: Talking Points
4.10.2021
With Asia-Pacific sectors set for a peaceful session, investors tidy up for a hectic one. The Chinese markets are set to close the equity and bond operations amid a week-long holiday. Meanwhile, AUD/USD aims to continue its late-week rebound after setting a new low. Another surprising news came...
Australian Dollar Seems Unfazed After Chinese Inflation
9.9.2021
Post Chinese inflation, the Australian Dollar did not witness any changes against the US Dollar, and factory gate prices for August were released. Chinese economic data significantly influences the Australian dollar due to Australia’s vast amount of commerce with China. Last month...
Australian Dollar Prediction AUD-USD Sees Domestic Data Prints Before NFP
3.9.2021
The Australian dollar, a risk-sensitive currency, is surging after the closing of the Asia-Pacific trading week. Another factor supporting its growth is the data regarding US jobs, showing relief in the number of infected. During the recent Wall Street trading session, traders dropped the...
Forex Report the Australian Dollar Holds Below 0.74
2.9.2021
The financial market is experiencing a mixed session for stocks, commodities, and currencies. Equities are currently in a short corrective dip with chances to make a comeback shortly. On the other hand, Shanghai and Nikkei are facing quick resistance at the current levels. Dow is treading under...
Chrono Tech Launches Australian Dollar Stablecoin in Spite of ‘Big Four’ Banks
21.3.2020
The man behind the new Aussie dollar stablecoin, said the big four banks were not “allowed” to hold the fiat reserves for the cryptocurrency