Australian dollar lower after weak Chinese, local data
THE Australian dollar is lower on the back of weaker-than-expected local and Chinese data.
THE Australian dollar is lower on the back of weaker-than-expected local and Chinese data.
At 0630 AEST on Tuesday, the local currency was trading at 92.75 US cents, down from 92.80 cents on Monday.
Data on Monday showed approvals for the construction of new homes across Australia fell 3.5 per cent in March, weaker than economists' expectations of a 1.5 per cent rise.
The HSBC Chinese manufacturing purchasing managers' index also disappointed on Monday, falling two points to 48.1 in April.
Originally published as Australian dollar lower after weak Chinese, local data
Aussie red meat booms to record high
Aussie farmers have plenty to celebrate this Australia Day, with fresh figures revealing a stunning boom in red meat exports.
Major retailers drive Aussie market surge
Major retailers were responsible for the Aussie sharemarket closing just shy of a record high – with the dollar also climbing to a new peak.