Aussie/US Dollar Reaches Parity
Tweet
Share
E-mail
The Aussie dollar, which has been trading at a premium to the U.S. dollar for most of the year, has collapsed this week and is now trading at parity with the US Dollar.
The drop corresponds to a selloff in commodity prices, which is not unusually given that miners and material companies contribute significantly to Australia's economy.
Equities in Australia, which can be traded using iShares MSCI Australia Index (NYSE: EWA), also traded lower today.
CurrencyShares Australian Dollar Trust (NYSE: FXA) tracks moves in the Australian dollar relative to the US dollar.
The drop corresponds to a selloff in commodity prices, which is not unusually given that miners and material companies contribute significantly to Australia's economy.
Equities in Australia, which can be traded using iShares MSCI Australia Index (NYSE: EWA), also traded lower today.
CurrencyShares Australian Dollar Trust (NYSE: FXA) tracks moves in the Australian dollar relative to the US dollar.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Tradr plans two inverse ETFs targeting Oracle and Applied Optoelectronics
- SoFi launches new income-focused ETF based on member stock holdings
- Crude Inventory Rose 3 Million Barrels Last Week - EIA
Create E-mail Alert Related Categories
ETFsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
