Australian dollar hovers near six-week highs as trade tensions ease

Australian dollar hovers near six-week highs as trade tensions ease

The local currency was boosted by signs the trade war between the US and China may be easing

  • bySwati Pandey

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World needs to end risky reliance on US dollar,says Bank of England

World needs to end risky reliance on US dollar,says Bank of England

Bank of England Governor Mark Carney took aim at the US dollar's"destabilising"role in the world economy and said central banks might have to create a replacement currency.

  • byWilliam Schomberg