Australian dollar higher after Fed minutes
THE Australian dollar is higher after the release of the US Federal Reserve’s January policy meeting minutes.
Dollar
Don't miss out on the headlines from Dollar. Followed categories will be added to My News.
THE Australian dollar is higher after the release of the US Federal Reserve’s January policy meeting minutes.
At 0630 AEDT on Thursday, the local dollar was trading at 78.32 US cents, up from 78.23 cents on Wednesday.
The Fed does not appear ready to start raising its interest rates anytime soon, with officials expressing concerns about inflation and lingering problems in the labour market.
Originally published as Australian dollar higher after Fed minutes
ASX slides during Friday’s trading
The Australian sharemarket traded relatively flat on Friday as the market waits for a key piece of data that could determine when the US Fed will cut interest rates.
Buy Now Pay Later to face harsh regulations
New legislation is holding Buy Now Pay Later providers to Australian credit licence standards in an attempt to protect consumers.