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
Signs that a nascent recovery in the housing sector stumbled in March pushed the Australian dollar to its lowest since mid-April. The number of house-building permits fell 5.5 per cent in March, the most since July, curbing optimism that ...
Tags: Dollar, Housing Recovery
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 ...
THE dollar has started the week on the back foot, after losing more than three quarters of a US cent late on Friday. At 5pm AEST today, the Aussie was at $US1.0283, down from $US1.0343 on Friday. The dollar started the local session ...
Tags: economy
The dollar recovered some lost ground today, helped in part by a mild recovery in gold prices and comments by the Reserve Bank of Australia signalling it is in no rush to cut interest rates further. While the Aussie still remains well ...
The Australian dollar fell sharply in Asian trading yesterday on news that economic growth in China, Australia's largest trading partner, was much slower than expected in the first quarter of this year. At 5pm AEST, the dollar was buying ...
Tags: Aussie Dollar, GDP growth
THE Australian share market is trading higher, boosted by a solid performance from US markets and expectations interest rates may fall following disappointing local jobs figures. The local bourse was buoyed by stronger markets on Wall ...
AUSTRALIAN shares rose to a two-week high yesterday as China's strong March import data helped US shares to record highs, and after minutes of a Federal Reserve meeting did little to change the belief that it is committed to supporting the ...
Tags: economy
The Australian dollar was trading just below its two-month high late today after government data showed retail sales surged again in February. Retail sales rose a seasonally adjusted 1.3 per cent in February from January, when they rose ...
After moderating in February, Australian manufacturing performance was marginally weaker in March, hit by a decline in exports and fall in new orders. This is the 14th consecutive month the sector has contracted, according to latest ...
THE Australian share market closed slightly higher due to strength among financial stocks. The gains came as the Reserve Bank of Australia held the cash rate at three per cent, equal to its lowest level on record. CommSec market analyst ...
Tags: economy
THE Australian dollar pushed higher during Asia trade today, helped by a weaker greenback and after the Reserve Bank of Australia said interest rate cuts are starting to flow through the economy, buoying market expectations that the bank's ...
Tags: economy
Australian stocks have opened firmer, with the big supermarket chains and energy companies leading the broader market higher. At 10.26am AEDT, the benchmark S&P/ASX200 index was up 25 points, or 0.5 per cent, at 4991.5 points. The ...
Tags: Australian stocks, Stocks, benchmark
The dollar has opened near $1.042 as market players look ahead to the Reserve Bank of Australia's interest rate decision. At 7am AEDT, the Aussie was at $1.0422, steady with Thursday's local close. Australian markets were closed on Good ...
Tags: economy, dollar, Australian markets
THE dollar is trading near $US1.046 heading into the start of the domestic trading day. At 6.30am AEDT, the Aussie was trading at $US1.0458, little changed from yesterday's local close of $US1.0455. During the overnight offshore ...
Tags: economy