Dollar reaches parity on Eurozone optimism
THE Australian dollar is higher this morning after reaching parity with the greenback overnight for the first time since September 22.
THE Australian dollar is higher this morning after reaching parity with the greenback overnight for the first time since September 22.
It hit an overnight high of 100.15 US cents as Wall Street gained more than two per cent after Germany and France showed more commitment to shore up Europe's banks against a Greek default.
At 6.30am (AEDT), the local unit was trading at 99.56 US cents, more than one US cent higher from 98.33 cents yesterday.
Aussie shares sink on China stimulus gloom
The Australian sharemarket fell on Tuesday following muted stimulus measures from China and a sharp pullback on Wall St.
Sign business spirits have lifted
One of Australia’s biggest banks has issued a warning about business confidence after the latest figures were revealed.
Aussie shares fall on mining, Wall St wobble
The Australian sharemarket fell on Friday as the big miners wobbled and uncertainty courses through Wall Street.