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  • Australian Banks Scrap ATM Fees The four biggest banks in Australia are removing cash withdrawal fees for all local users as they attempt to recover their reputations' status amid increasing political pressure for stricter laws following a series of scandals. Australia's biggest bank, the Commonwealth Bank of Australia, announced on Sunday that it would scrap the A$2 or $1.60 fee for all users of its 3.4000 automated teller machines located across the nation. A few hours later, Westpac Banking Corp. and National Australia Bank Ltd. followed suit a few hours later. Meanwhile, Australia and New Zealand Banking Group Ltd. Consumers have long criticized why they need to pay in order to access their own money, so the decision to remove the fees gives the industry, which has been hit by a string of scandals, some positive publicity. Commonwealth Bank has been tackling allegations that it repeatedly broke anti-money laundering laws and is now faced with a civil court case and tw..

    Prime News: Australian Banks Scrap ATM Fees

    Australian Banks Scrap ATM Fees The four biggest banks in Australia are removing cash withdrawal fees for all local users as they attempt to recover their reputations' status amid increasing political pressure for stricter laws following a series of scandals. Australia's biggest bank, the Commonwealth Bank of Australia, announced on Sunday that it would scrap the A$2 or $1.60 fee for all users of its 3.4000 automated teller machines located across the nation. A few hours later, Westpac Banking Corp. and National Australia Bank Ltd. followed suit a few hours later. Meanwhile, Australia and New Zealand Banking Group Ltd. Consumers have long criticized why they need to pay in order to access their own money, so the decision to remove the fees gives the industry, which has been hit by a string of scandals, some positive publicity. Commonwealth Bank has been tackling allegations that it repeatedly broke anti-money laundering laws and is now faced with a civil court case and tw..
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  • Australian Dollar Slides Against Majors The Australian dollar weakened against other major currencies in the Asian session on Friday. The Australian dollar fell to more than 3-week lows of 1.5109 against the euro and 0.7908 against the U.S. dollar, from yesterday's closing quotes of 1.5047 and 0.7931, respectively. Against the yen and the Canadian dollar, the aussie dropped to a 1-week low of 88.47 and a 4-day low of 0.9750 from yesterday's closing quotes of 89.21 and 0.9776, respectively. If the aussie extends its downtrend, it is likely to find support around 1.52 against the euro, 0.78 against the greenback, 87.00 against the yen and 0.96 against the loonie.

    Australian Dollar Slides Against Majors

    Australian Dollar Slides Against Majors The Australian dollar weakened against other major currencies in the Asian session on Friday. The Australian dollar fell to more than 3-week lows of 1.5109 against the euro and 0.7908 against the U.S. dollar, from yesterday's closing quotes of 1.5047 and 0.7931, respectively. Against the yen and the Canadian dollar, the aussie dropped to a 1-week low of 88.47 and a 4-day low of 0.9750 from yesterday's closing quotes of 89.21 and 0.9776, respectively. If the aussie extends its downtrend, it is likely to find support around 1.52 against the euro, 0.78 against the greenback, 87.00 against the yen and 0.96 against the loonie.
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  • *NZ Dollar Drops To 2-day Low Of 1.6419 Against Australian Dollar NZ Dollar Drops To 2-day Low Of 1.6419 Against Australian Dollar

    *NZ Dollar Drops To 2-day Low Of 1.6419 Against Australian Dollar

    *NZ Dollar Drops To 2-day Low Of 1.6419 Against Australian Dollar NZ Dollar Drops To 2-day Low Of 1.6419 Against Australian Dollar
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  • *NZ Dollar Edges Down To 1.0883 Against Australian Dollar NZ Dollar Edges Down To 1.0883 Against Australian Dollar

    *NZ Dollar Edges Down To 1.0883 Against Australian Dollar

    *NZ Dollar Edges Down To 1.0883 Against Australian Dollar NZ Dollar Edges Down To 1.0883 Against Australian Dollar
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  • *Australian Dollar Falls To More Than 3-week Low Of 0.7908 Against U.S. Dollar Australian Dollar Falls To More Than 3-week Low Of 0.7908 Against U.S. Dollar

    *Australian Dollar Falls To More Than 3-week Low Of 0.7908 Against U.S. Dollar

    *Australian Dollar Falls To More Than 3-week Low Of 0.7908 Against U.S. Dollar Australian Dollar Falls To More Than 3-week Low Of 0.7908 Against U.S. Dollar
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  • *Australian Dollar Slides To 1-week Low Of 88.47 Against Yen Australian Dollar Slides To 1-week Low Of 88.47 Against Yen

    *Australian Dollar Slides To 1-week Low Of 88.47 Against Yen

    *Australian Dollar Slides To 1-week Low Of 88.47 Against Yen Australian Dollar Slides To 1-week Low Of 88.47 Against Yen
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  • *Australian Dollar Drops To More Than 3-week Low Of 1.5109 Against Euro Australian Dollar Drops To More Than 3-week Low Of 1.5109 Against Euro

    *Australian Dollar Drops To More Than 3-week Low Of 1.5109 Against Euro

    *Australian Dollar Drops To More Than 3-week Low Of 1.5109 Against Euro Australian Dollar Drops To More Than 3-week Low Of 1.5109 Against Euro
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  • *Australian Dollar Falls To 4-day Low Of 0.9750 Against Canadian Dollar Australian Dollar Falls To 4-day Low Of 0.9750 Against Canadian Dollar

    *Australian Dollar Falls To 4-day Low Of 0.9750 Against Canadian Dollar

    *Australian Dollar Falls To 4-day Low Of 0.9750 Against Canadian Dollar Australian Dollar Falls To 4-day Low Of 0.9750 Against Canadian Dollar
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  • Australian Dollar Falls After RBA Lowe's Comments The Australian dollar weakened against other major currencies in the pre-European session on Thursday, after the Reserve Bank Governor Philip Lowe hinted that the Australian central bank could be far from considering any monetary policy tightening. While addressing to the American Chamber of Commerce in Australia in Perth, the RBA Governor Lowe said the global interest rates rise did not have automatic implications for Australia, but an increase would be visible over time. Lowe also warned that a rise in global interest rates could have implications for debt-laden Australian households and the wider economy. Meanwhile, Asian stock markets traded lower after the U.S. Federal Reserve left interest rates unchanged as widely expected, but struck a hawkish tone by signaling another rate hike is likely this year. The Fed also revealed that it will begin shrinking its $4.5 trillion balance sheet in October. In the pre-Europea..

    Australian Dollar Falls After RBA Lowe's Comments

    Australian Dollar Falls After RBA Lowe's Comments The Australian dollar weakened against other major currencies in the pre-European session on Thursday, after the Reserve Bank Governor Philip Lowe hinted that the Australian central bank could be far from considering any monetary policy tightening. While addressing to the American Chamber of Commerce in Australia in Perth, the RBA Governor Lowe said the global interest rates rise did not have automatic implications for Australia, but an increase would be visible over time. Lowe also warned that a rise in global interest rates could have implications for debt-laden Australian households and the wider economy. Meanwhile, Asian stock markets traded lower after the U.S. Federal Reserve left interest rates unchanged as widely expected, but struck a hawkish tone by signaling another rate hike is likely this year. The Fed also revealed that it will begin shrinking its $4.5 trillion balance sheet in October. In the pre-Europea..
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  • *Australian Dollar Falls To 2-day Low Of 0.7967 Against U.S. Dollar Australian Dollar Falls To 2-day Low Of 0.7967 Against U.S. Dollar

    *Australian Dollar Falls To 2-day Low Of 0.7967 Against U.S. Dollar

    *Australian Dollar Falls To 2-day Low Of 0.7967 Against U.S. Dollar Australian Dollar Falls To 2-day Low Of 0.7967 Against U.S. Dollar
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