Greenback bounces on Trump news
THE US dollar has following appointment of a special counsel to head a key federal investigation into the US election.
Dollar
Don't miss out on the headlines from Dollar. Followed categories will be added to My News.
THE Australian dollar has slipped back against the US dollar, which rebounded along with the major US share markets following appointment of a special counsel to head a key federal investigation in the US.
At 0635 AEST on Friday, the local unit was worth 74.19 US cents, down from 74.47 US cents on Thursday.
The Aussie dollar was also lower against the yen and the euro.
CURRENCY SNAPSHOT AT 0630 AEST ON FRIDAY
One Australian dollar buys:
* 74.19 US cents, from 74.47 on Thursday
* 82.72 Japanese yen, from 82.90 yen
* 66.80 euro cents, from 66.91 euro cents
(*Currency closes taken at 1700 AEST previous local session)
Originally published as Greenback bounces on Trump news
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.