Sentences with phrase «australian dollar hit»

The Australian dollar hit a fresh four - month low, to US73.53 cents, after the release of the disappointing retail sales figures, which reinforced expectations of steady interest rates for months to come.

Accolade is still 20 per cent owned by New York Stock Exchange - listed Constellation Brands which bought the entire wine business for $ 1.9 billion in 2003 when it was known as BRL Hardy, and then sold down most of its stake in 2011 for a much lower multiple after a sustained slump in profits as the high Australian dollar hit profit margins on exports.

Not exact matches

Commodity - linked currencies came under pressure thanks to a drop in Chinese stocks, with the Australian and New Zealand dollars hitting their lowest levels in at least two weeks.

Commodity currencies were hit hard overnight with the Australian dollar breaking below a key support level at $ 0.8983 to reach a six - month low of $ 0.8951.

Australian Dollar: The Australian dollar has enjoyed an impressive rally over the course of the past 24 hours, hitting a four week high of 0.7900 when valued against its US CounteDollar: The Australian dollar has enjoyed an impressive rally over the course of the past 24 hours, hitting a four week high of 0.7900 when valued against its US Countedollar has enjoyed an impressive rally over the course of the past 24 hours, hitting a four week high of 0.7900 when valued against its US Counterpart.

The Australian dollar rose to $ 1.0400 for the day and came close to hitting its October peak of $ 1.0412.

Large U.S. multinational companies reported about $ 4.2 billion in hits to earnings and revenue in Q3, driven mostly by swings in the Brazilian real, Japanese yen, Indian rupee and Australian dollar, CFOJ's Emily Chasan reports.

Mr Tracy said sales were hit by increased competition in China and Beijing's crackdown on online sales — which led to Murray Goulburn's Devondale - branded powered and UHT milk being withdrawn from popular websites, including Alibaba's Tmall — and a spike in the Australian dollar.

Mr Dettling was surprised at the trading halt but he said dry conditions as well as a spike in the Australian dollar could have hit the company's earnings.

Most of the manufacturing sector, which employs roughly a million Australians, has been hit by the higher dollar and a general shift in the economy towards services.

The impact of a strong Australian dollar and fierce competition in overseas markets has been substantial for the Australian industry since exports hit $ 3 billion in calendar 2007.

A report showing soft wages hit the Australian Dollar early in the session, but aggressive counter-trend buyers were there to stop the price.