Business

Aussie dollar drops below parity

THE Australian dollar has dropped below parity with the greenback for the first time in 2012 as investors fret over the outlook for the economy at home and abroad.

Overseas travel and shopping from foreign websites will be less attractive as the cost in local terms rises for Australian consumers.

The Australian dollar sank recently to as low as 99.96 US cents after threatening to break back through the parity level for some time.  It hasn't bought less than $US1 since December 21 last year.

Sydney-based FOREX.com market analyst Chris Tedder said a variety of factors had conspired against the currency, will overseas factors playing a big role.

''We don't have a lot of upside for the Aussie at the moment," Mr Tedder said. "On the downside, we've got political uncertainty in Greece, we've got the Spanish banks, and disappointing economic data of late both domestically and in our largest trading partner - China."

Read more at Brisbanetimes.com.au

Topics:  aud, dollar, exchange rate




Warwick police hunt drive off suspect

Warwick police on the hunt

Judge lectures on true value of wedding rings

A Warwick jewellery store robber has almost doubled his sentence

Ipswich drivers hate this more than anything else

Ipswich Motorway traffic at Goodna. Photo: David Nielsen / The Queensland Times

RACQ names top ten worst driving habits

Latest deals and offers

Vintaea: Why I left The Bachelor on the first night

Vintaea Carlos was one of 22 "bachelorettes" looking for love on the fourth season of The Bachelor.

Queensland beauty leaves Richie at rose ceremony.

Amber Heard claims Johnny Depp is stalling divorce

Amber Heard claims Johnny Depp is delaying their divorce

The Bachelor host: this year's season is a cracker

The Bachelor host Osher Gunsberg.

GUNSBERG says tonight will be "the best night of TV of the year".

Kerri-Anne Kennerley to Sonia Kruger: "Stay brave"

She said her television peer should "stay brave"

Swimwear designer looking for love on The Bachelor

Noni Janur on her first day of filming.

The 25-year-old is one of 22 women vying for Richie Strahan’s heart

You can own this Queensland town for just $1

Yelarbon

Unprecedented auction of town's business centre with no reserve

Work starts on $15M Caloundra apartment building

Turning the first sod at the Aqua View Apartments site in Kings Beach are (from left) husband-and-wife developers Alex Yuan and Stella Sun with construction company Tomkins director Mike Tomkins and Councillor Tim Dwyer.

Developers excited about addition to Kings Beach skyline

72-year-old Coast developer set to start new project

GREEN LIGHT: The Cosmopolitan has been approved for development at Cotton Tree.

Meet the Canberran set to deliver another chapter for Coast suburb

Plans revealed for 1500-lot 'master-planned community'

Precinct will be bounded by Boundary St and Shoesmith Rd

Ecco Ripley sales run sparks prime release

MOVING IN: Sekisui House has announced the release of more residential blocks at Ecco Ripley.

Sekisui House is preparing to unveil more land at Ecco Ripley

The climb is slow but property on the way up

Michael Matusik, director of Matusik Property Insights.Photo Allan Reinikka / The Morning Bulletin

The improvement would be mild when compared to past cycles