The Australian dollar fell to its lowest level since October 2011 amid weakness on global stock markets. The currency dropped to a low of 95.11 US cents early this morning. By 7am AEST it had recovered slightly and was trading at 95.46 US ...
Tags: Australian Dollar, Stock Markets
The Australian dollar rose following a gain in gold prices overnight. At 6.30am AEDT today the local unit was trading at 103.94 US cents, up from 103.60 cents at yesterday’s local close. Gold settled at the highest price in almost ...
Tags: Gold, Safe-Haven Status, economy
The sharemarket is set to enter the final trading day of the year on edge after worries that US politicians would not be able to avert the looming fiscal cliff sent US stocks on their biggest one-day fall in more than a month. Futures ...
Tags: sharemarket, US politicians, fiscal cliff, stocks
BR reported that crude oil and gold prices scored one month highs this week boosted by Middle East tensions the faltering dollar and upbeat economic data but other commodities diverged amid holiday curtailed US trade. Dealers said that ...