Australian dollar bounces on Chinese share market calm
THE Australian dollar has risen, shrugging off turbulence in China’s stock markets.
THE Australian dollar has risen, shrugging off turbulence in China’s stock markets.
At 0630 AEST on Wednesday, the currency was trading at 73.25 US cents, up from 73.15 cents on Tuesday.
The Shanghai Composite closed down 1.7 per cent on Tuesday, after opening four per cent lower and following its 8.5 per cent plunge on Monday.
CURRENCY SNAPSHOT AT 0630 AEST ON WEDNESDAY
One Australian dollar buys:
* 73.25 US cents, from 73.15 cents on Tuesday
* 90.50 Japanese yen, from 90.40 yen
* 66.24 euro cents, from 66.17 euro cents
(*Currency closes taken at 1700 AEST previous local session)
Source: IRESS
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