The Australian dollar rose to a five-week high yesterday after data showed the nation recorded its strongest monthly employment growth in almost 12 years last month, diminishing the chance of further immediate interest rate cuts that might ...
Tags: Australian dollar, dollar, Financial
Australia's sharemarket roared back to life with its biggest rise in the past eight months as investors snapped up bargains after a three-day decline. The benchmark S&P/ASX 200 closed up 1.8 per cent at 5120.2 after hitting a seven-day ...
Tags: stocks, sharemarket, benchmark
An afterglow effect from Australia's stellar jobs numbers helped support the dollar in quiet trade today, although traders cautioned that further significant gains for the currency are unlikely in the near term. "Today the Australian ...
The Australian dollar rose after traders in the US and Europe welcomed surprisingly strong domestic jobs figures. At 6.30am AEDT the currency was trading at 103.77 US cents, up from 103.64 cents at yesterday’s local close. The ...
Tags: Australian dollar, currency, US cents
THE Australian dollar was slightly lower as weak US consumer sentiment figures and concerns about the Cyprus bank bailout weighed on market sentiment. At 7am AEDT the local unit was trading at 103.58 US cents, down from 103.69 cents on ...
The Australian dollar was slightly lower ahead of the release of important domestic employment data. At 6.30am AEDT the currency was trading at 103.09 US cents, down from 103.14 cents at yesterday’s local close. The currency ...
The dollar was higher late today following strong economic data showing rising house prices in the fourth quarter of 2012 and solid gains in consumer sentiment in March. At 4.50pm AEDT, the Aussie fetched $US1.0313 compared with US$1.0282 ...
Tags: dollar, strong economic data, house prices
THE Australian dollar was higher in late Asian trading yesterday after strong economic data showing rising house prices in the fourth quarter of 2012 and solid gains in consumer sentiment in March. At 5pm AEDT it was buying $US1.0314, up ...
Tags: economy
Building products company CSR is cutting 150 jobs from its glass business in response to the high Australian dollar and low construction activity. According to an AAP report, CSR will close its glass manufacturing facility at Ingleburn, ...
CSR Limited (CSR) announced today a restructure of Viridian’s glass operations and provided a trading update for the year ending 31 March 2013. Restructure of Viridian CSR’s review of Viridian has concluded that, during the ...
Tags: CSR Limited, Viridian, glass operations, 2013
The Australian dollar has broken through the 103 US cent mark to reach its highest level in almost three weeks, helped along by weakness in its New Zealand counterpart. At 7am AEDT on Wednesday, the currency was trading at 103.21 US ...
Tags: Australian dollar, dollar, US cent
The Australian dollar was higher in Asian trading yesterday as investors continued to lower their expectations of further interest rate cuts this year. Futures markets yesterday were pricing in just 18 basis points of interest rate cuts, ...
Tags: Rates, Australian dollar, dollar
The dollar was higher today as investors continued to lower their expectations of further interest rate cuts in 2013. Futures markets were pricing in just 18 basis points of interest rate cuts, compared with 50 basis points at the start ...
Tags: dollar, futures markets, cash rate
The sharemarket finished more than 0.4 per cent higher following a wave of investor enthusiasm in Japan and the US. CommSec market analyst Juliette Saly said local shares finished strongly after a slow start as Japanese shares pushed ...
Tags: stocks, sharemarket, shares
The Australian dollar was more than half a US cent higher following gains on the New York stock market. At 6.30am AEDT the currency was trading at 102.67 US cents, up from 102.18 cents at yesterday’s local close. The Australian ...
Tags: Australian dollar, US cent, stock market