AUD News 

Aussie Firms Struggle With Domino Effect Of Supplier Collapse

“A new survey by My Business released on Monday (April 16) highlights the challenges Australian businesses face when a business partner or supplier collapses” reports pymnts.com. According to the survey of 184 professionals, the vast majority (87 percent) said they have experienced a negative consequence due to the failure or collapse of a business partner or vendor.Research released by KPMG found supplier financing programs are relatively rare but are beneficial to the cash flow health of suppliers and their customers.But just as cash flow challenges at suppliers and other business…

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AUD News 

New Zealand’s Nyika, women’s hockey team crash hosts’ party

“GOLD COAST, Australia (Reuters) – Heavyweight boxer David Nyika did more than just win his second Commonwealth Games gold medal on Saturday” writes Midwest Communications Inc for 95kqds.com. Nyika, who won light heavyweight gold at the Glasgow Games, was facing local favorite Jason Whateley and with every punch he landed the chants of “Aussie, Aussie Aussie, Oi!.  Source: 95kqds.com Share This:

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AUD News 

China’s trade data earlier helps the aussie on two fronts

“While the positive impact on the import figures can be seen clearly from a trade perspective – since Australia is one of China’s main exporters – there is also a sort of indirect impact that has helped to boost the aussie” reports forexlive.com. The fact that China’s imports remain solid and growing at a pace better than previous years (2015 and 2016), highlights how much China still relies on consumption and purchases.And that means Chinese authorities should not really want to favour a weaker Chinese yuan as it would create…

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AUD News 

Aussie and kiwi leads the major bloc on the day

“Risk sentiment continues to dominate the theme in the market following Friday’s US jobs report and the boost in equities is helping to feed the fuel for the aussie and kiwi in today’s trading as well” reports forexlive.com. The dollar meanwhile, is on the backfoot against the major currencies – but ranges are still relatively tight. Here are the ranges for the major currencies against the dollar so far:.  Source: forexlive.com Share This:

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AUD News 

Aussie holds up after navigating through data landmines this week

“It wasn’t an easy week for aussie traders, as there were lots of potential “landmines” that could have triggered uncertainty in the currency” reports forexlive.com. AUD/USD broke above 0.7800 yesterday as risk sentiment and headlines have been the dominant theme in trading this week. The economic calendar doesn’t have any major data points today in European trading, so it will be all about sentiment and flow over the next few hours.The market is looking awfully quiet right now as we await traders in Europe to come in. Source: forexlive.com Share This:

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AUD News 

AUD/USD approaches key support levels, what next?

“At the moment, risk sentiment is the main driving force behind markets and that doesn’t bode well for the aussie and for commodities – which the aussie sentiment relies on as well” reports forexlive.com. But more so, recent data points such as yet another trade balance deficit and poor December retail sales aren’t really helping the case for a stronger aussie either. Source: forexlive.com Share This:

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AUD News 

Australia’s Late Payments Fight Shows The Limits Of Government Intervention

“But the late B2B payments problem is a global one, and while the U.K. explores how to approach the topic, there is another jurisdiction in which the late payments fight is heating up: Australia” reports pymnts.com. Xero and Amex described the nation’s late payments problem as “endemic” across the mid-market.Recent research from Australian small business accounting firm Xero and payments company American Express explored just how big of a stressor late invoice payments are on Australian companies.Australia’s Small Business and Family Enterprise Ombudsman (ASBFEO) Kate Carnell is one of the…

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AUD News 

The UK media’s ‘Aussie flu’ fears have gone viral – but can a global source be identified?

“Flu viruses circulate all year around, all over the world, and they are constantly evolving through mutation” writes Ian M for theguardian.com. Multiple flu viruses circulate each year and are broadly grouped into two types: A and B. Influenza B viruses form two main groups, while the influenza A viruses are more variable.Flu viruses are also shared around the globe thanks to air travel. Source: theguardian.com Share This:

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