ASX drifts lower as world awaits US Fed hike
Volumes were subdued as ASX investors waited for Wednesday night’s meeting of the US Fed and an expected 50 basis-point rate hike.
Volumes were subdued as ASX investors waited for Wednesday night’s meeting of the US Fed and an expected 50 basis-point rate hike.
The Reserve Bank has announced a historic interest rate hike and set the scene for further rate rises over the coming months.
The ASX was travelling flat on Tuesday until a steeper-than-expected rate hike from the Reserve Bank sent investors fleeing for cover.
ASX investors were back-pedalling from the get-go on Monday after a brutal sell-off on Wall Street knocked tech shares sharply lower.
THE Australian dollar is straining to keep its head above 83 US cents following disappointing Chinese numbers and surprisingly strong US jobs data.
THE Australian dollar has fallen to a four-and-a-half-year low after the release of very strong US employment growth figures.
THE Australian dollar has stabilised after hitting fresh lows overnight, amid growing expectations that the central bank will need to cut rates again.
THE Australian dollar is barely keeping its head above 84 US cents after disappointing economic growth figures.
THE Aussie dollar has dropped below 84 US cents for the first time since 2010, following disappointing GDP figures released this morning.
THE Australian dollar has slipped back below 85 US cents amid a stronger US dollar and uncertainty about the Reserve Bank’s next move.
THE Australian dollar has bounced back above 85 US cents, boosted by a weaker greenback.
THE Australian dollar is under pressure against a stronger greenback.
THE Australian dollar is lower after the European Central Bank reaffirmed its commitment to jump start the region’s economy.
THE Australian dollar has bounced from a four-year low thanks mainly to US dollar weakness.
Original URL: https://www.adelaidenow.com.au/business/markets/australian-dollar/page/126