Australian Treasurer Wayne Swan dismissed talk of a 'currency war' at the G-20 meetings and tells CNBC's Steve Sedgwick how the strong Aussie dollar is affecting the local economy.
Australian Treasurer Wayne Swan dismissed talk of a 'currency war' in an interview with CNBC, but concedes that a strong Australian dollar is a concern for an economy that's heavily reliant on mining exports.
The Group of 20 nations declared on Saturday there would be no 'currency war' and deferred plans to set new debt-cutting targets in an indication of concern about the fragile state of the world economy.
Web-only advice and information for currency traders, with CNBC's Melissa Lee and the Money In Motion traders.
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Gold nears the $1,600 level. Why gold is the unlikely victim in the global currency war, with CNBC's Melissa Lee and the Money In Motion traders.
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The yen fell Friday after three days of gains against the U.S. dollar and the euro as a draft statement from the G-20 did not single out Japan trying to weaken its currency.
A detailed look at currency trading, with CNBC's Melissa Lee and the Money In Motion traders.
The G20 meeting fails to end the currency war. Will the euro end up as the big loser, with CNBC's Melissa Lee and the Money in Motion traders.
As G-20 finance chiefs from around the world meet on Friday to discuss fears of competitive currency devaluations, policymakers told CNBC that talk of a currency war was misplaced and discussions should instead focus on a how to heal the still fragile global economy.
The euro tumbled to a three-week low against the dollar and plunged against the yen Thursday after data painted a dismal picture of the euro zone's economy, increasing the likelihood of ECB action.
Richard Goyder, Managing Director of Wesfarmers says strong performance of the company's retail businesses helped bring in strong half year results.
The yen traded flat against the dollar Wednesday, a day after sharply rising, as investors grew cautious ahead of a meeting of finance ministers and central bankers later this week.
The British pound slumps on Bank of England comments and consumer confidence buoys the Aussie - it's time for your FX Fix.
The yen rebounded Tuesday, rising from a nearly three-year low against the dollar hit during the previous session, after a G7 official said a statement was meant to express "concern about excess moves" in the Japanese currency.
The euro rose against the dollar and yen on Monday after incurring heavy losses for three straight days as an ECB policymaker dismissed talk of intervening to weaken the currency.
The global "currency war" could get even worse if Europe joins the fray, says the man widely credited with coining the term.