Dollar rises slightly as global markets firm
THE Australian dollar has edged higher after global markets stabilised overnight and China’s stock market closed less than half a per cent lower.
THE Australian dollar has edged higher after global markets stabilised overnight and China’s stock market closed less than half a per cent lower ahead of a national holiday. At 0630 AEST on Thursday, the currency was trading at 70.31 US cents, up from 70.24 cents on Wednesday.
But the Aussie fell as low as 69.84 US cents overnight as Shanghai closed down 0.2 per cent after earlier steep losses were largely erased thanks to government support ahead of a two-day World War II remembrance holiday.
CURRENCY SNAPSHOT AT 0630 AEST ON THURSDAY
One Australian dollar buys:
* 70.31 US cents, from 70.24 cents on Wednesday
* 84.55 Japanese yen, from 84.29 yen
* 62.61 euro cents, from 62.24 euro cents
(*Currency closes taken at 1700 AEST previous local session)
Source: IRESS
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