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



Hit the Rose City racing

WARWICK residents are being urged to pull apart their bikes, scavenge for old seats and get involved in the town's new-found billy cart action.

WARWICK residents are being urged to pull apart their bikes.

Southern Downs man grew pot for pain relief

Defence barrister John Bailey told the Warwick District Court Crabtree grew the drugs to deal with his back pain.

"His motivation was pain relief,"

Disgusting discovery made about 8m from primary school

DIRTY DISCOVERY: Desley Dennison snapped this photo near West State School.

A WARWICK resident made a disturbing discovery recently.

Latest deals and offers

Love is in the air on The Bachelor, but not for Kiki

The Bachelor Australia contestant Kirralee 'Kiki' Morris.

BACHELORETTE bows out gracefully as show enters its final weeks.

A $65,000 bathroom? The Block's incredible budget blow-outs

The Block contestants Julia and Sasha spent a whopping $65,000 on their first renovated room.

TEAMS deliver most expensive en-suites in reno show's history.

Gympie Muster couch dumps down, but still a problem

TIPPING POINT: After an appalling year of couches being dumped at the end of the last Muster, festival organisers have taken litterbugs to task

EFFORTS to combat post-Muster couch dumping are proving effective

Cryptic crosswords: Top clues to solving them

Your guide to solving the cryptic crosswords in your local paper

Muster wristbands yield $21,000 in unclaimed refunds

Muster-goers collectively left about $21,000 worth of unused spending funds when they failed to claim back money on their bands after exiting the Muster.

Muster wristbands yield $21,000 windfall for organisers

How high? Twin 20-storey high-rises plan for "over 50s"

xxxxxxxxx

Developer says Bay needs to move with the times.

City View Hotel: From a pub to a backpackers

NEW LIFE: Hamish Parker has purchsed the City View Hotel and wants to turn it into an accomodation venue.

Architect picks up a little piece of history for a steal

Bunnings starts demolition of historic foundry buildings

SAWTOOTH GONE: Demolition of Foundry sawtooth shed to make way for new Bunnings building.

Lane and footpath closures will take place

Australia's most expensive balcony and it hasn't been built

Viridian Noosa.

How Noosa millionares' squabble could affect body corporates

Receivers move in on Springfield's 'Tower of Power'

The 10-storey tower at Springfield is up for sale with interest high in the iconic structure.

Interest high in iconic 10-storey office building

Palm Lake Resort set to move in to Coast with 276 villas

Palm Lake Group has been given approval by Sunshine Coast Council to build a 276-villa over 50s resort and 120-bed aged care facility at the intersection of Caloundra Rd and Caloundra Mooloolaba Rd in Little Mountain.

New facility planned for Caloundra Rd