Mining giants help ASX stem the bleed
Gains for the major miners helped the Australian sharemarket avoid a fourth straight loss and consolidate its position above the 7000 level.
Gains for the major miners helped the Australian sharemarket avoid a fourth straight loss and consolidate its position above the 7000 level.
The ASX tumbled again amid fears Chinese Covid-19 lockdowns and rate hikes will hurt global growth, with mining and energy companies particularly affected.
The Australian sharemarket slumped again as worries over tightening Chinese Covid restrictions added to an already bleak mood for equities.
The Australian sharemarket had its worst day since Russia invaded Ukraine back in February, capping a miserable week for investors.
THE Australian dollar is lower to 81.38 US cents, following falls in metals prices overnight.
THE Australian dollar is lower amid expectations that the US Federal Reserve will increase its interest rate sooner that most people are expecting.
THE Australian dollar is higher, bouncing from the record lows it reached after the US Federal Reserve meeting.
THE Australian dollar is weaker as the worst Chinese industrial production reading in six months hits commodity prices.
THE Australian dollar has again threatened to fall below 82 US cents, under pressure from low oil prices and a siege in central Sydney.
THE Australian dollar is lower after oil prices fell to fresh five-year lows after the International Energy Agency cut its oil-demand forecast for 2015.
RESERVE Bank Governor Glenn Stevens maintains the Aussie dollar is overvalued and that by year’s end it will sink even further against the US dollar.
THE Australian dollar has plummeted to fresh four-and-a-half-year lows after the head of the Reserve Bank said he wanted the currency to fall to 75 US cents.
THE Australian dollar has slipped back below 83 US cents as oil prices come under further pressure after OPEC cut its 2015 demand forecast.
THE Australian dollar is firmer as oil prices recover from five-year lows.
Original URL: https://www.adelaidenow.com.au/business/markets/australian-dollar/page/125