Dollar bounces back from six-year lows
THE Australian dollar has bounced back after plunging to near six-year lows following the Reserve Bank’s decision to cut rates.
THE Australian dollar has bounced back after plunging to near six-year lows following the Reserve Bank’s decision to cut rates.
At 0630 AEDT on Wednesday, the local currency was trading at 77.86 US cents, up from 76.63 cents on Tuesday.
The Australian dollar fell as low as 76.26 US cents overnight, its lowest level since May 2009, after the RBA cut the cash rate 25 basis points to 2.25 per cent on Tuesday, its lowest ever level.
Aussie shares lift on Trump trade deal hopes
Cautious investors pushed the Australian sharemarket higher on Thursday on the prospect of a new Trump trade deal with the UK.
Big bank reveals record $11bn revenue haul
One of Australia’s biggest banks has delivered record revenues as its outgoing CEO praises ‘remarkably resilient’ Aussie households.
ASX bounce snaps two day losing streak
A rally in the commodities sector and a strong result from a major bank drove the ASX 200 higher during Wednesday’s trading.