Australian dollar weakens after US Fed minutes released
THE Australian dollar is weaker after the US Federal Reserve released the minutes of its decision to end stimulus.
Dollar
Don't miss out on the headlines from Dollar. Followed categories will be added to My News.
THE Australian dollar is weaker after the US Federal Reserve released the minutes of its decision to end stimulus.
At 0630 AEDT on Thursday, the local currency was trading at 86.18 US cents, down from 86.65 cents on Wednesday.
The unit spiked to 86.57 US cents before sliding as daylight broke on Australia’s east coast.
This was possibly as traders reacted to the US Fed releasing the minutes of the September 28-29 meeting of the Federal Open Market Committee, which chose to end qualitative easing stimulus measures. Meanwhile, Japan’s central bank on Wednesday night wrapped up in its two-day meeting.
Originally published as Australian dollar weakens after US Fed minutes released
ASX marks second best close on record
The Australian sharemarket closed just off a record high on Thursday, as renewed optimism in the US-China relationship, spurred a rally in key stocks.
Coles slammed over mass product cull
Nationals leader David Littleproud has hit out at Coles after the supermarket giant flagged a cull in its product range, claiming prices at the checkout would rise.