The worst month on the stockmarket in a year has taken the wind out of investors, with confidence retreating from highs earlier this year amid increasing concern about the global economy and the endgame for stimulus from central banks. ...
Tags: Stockmarket, May
Well-healed Australian investors, battered by political uncertainty and the ongoing aftershocks of the global financial crisis, are maintaining their faith in local shares, according to an exclusive survey of individuals with at least ...
The Australian dollar is slightly lower after the release of weaker than expected US economic data. At 7am AEST, the local unit was trading at US96.63c, down from US96.73c yesterday. Since 5pm AEST yesterday, the Aussie traded between ...
Tags: Australian Dollar, GDP Report
The dollar continued to test fresh 11-month lows, extending a week-long decline built on rising concerns about the outlook for the resources-rich economy and renewed strength in the US dollar. Late today, the Aussie was trading at ...
Tags: Dollar Down, Service, Economic Outlook
The stockmarket was awash with fresh optimism that the dollar may finally be on a sustained decline as it plays catch-up to the fall in interest rates and commodity prices, reversing a major earnings headwind several sectors have faced for ...
The AWEX Regional Indicators finished 2.7% higher, on average, at sales in Sydney, Melbourne and Fremantle this week when the US exchange rate rose by 0.1%. It was a much stronger market in a small sale this week. There were good rises ...
Tags: AWEX Wool Indicator, Textile
The Australian dollar shrugged off the Reserve Bank of Australia’s latest interest rate cut today, clawing back almost half of the value it lost yesterday, on the back of better Chinese trade data. The local unit traded around ...
Tags: China Surplus, Cool Dollar
The dollar has bounced back from losses made after the central bank's surprise interest rate cut, thanks partly to some positive Chinese trade figures. At 5pm AEST, the local unit was trading at $US1.0201, up from $US1.019 yesterday. ...
Tags: dollar, financial technician
The Australian dollar is lower ahead of the Reserve Bank of Australia's interest rate decision. At 6.30am AEST the currency was trading at 102.53 US cents, down from 102.72 US cents at yesterday’s local close. The Reserve Bank of ...
Tags: Australian Dollar, RBA Rates
The sharemarket closed lower but recovered some ground after the Reserve Bank cut the cash rate to a record low. At the close today, the benchmark S&P/ASX200 index was down 12.5 points, or 0.24 per cent, at 5143.7 points. The broader ...
Tags: Banks, Record Rate Cut
The dollar hit two-month lows after the central bank surprised economists by cutting interest rates to record lows and warned that the high exchange rate is continuing to act as a brake on growth. The Reserve Bank of Australia defied most ...
Tags: Dollar, Record Low
The dollar is still higher after getting a boost from better US employment figures, increasing optimism about the America's economic recovery. At 5pm AEST, the local unit was trading at $US1.0272, up from $US1.0254 on Friday. The Aussie ...
Tags: US Unemployment Rate, Service
The sharemarket pared an early rise as profit-taking emerged before the release of US non-farm payrolls data due overnight. Strong earnings results from Westpac and Macquarie Group, together with a jump in resources stocks, initially ...
Shares were punished yesterday as investors worried about resources stocks being hit by global economic concerns, and the dollar was also sharply lower on the increased likelihood of an imminent cut in the official cash rate. The ...
Tags: Aussie Dollar, economy
A rise in commodity prices has helped push the Australian dollar back above the $US1.03 level. At 5pm AEST, the local unit was trading at $US1.031, up from $US1.0246 on Wednesday. CMC Markets foreign exchange dealer Tim Waterer said the ...