Dollar slightly higher on eurozone news
THE Australian dollar is slightly higher on this morning as the market awaits any further news on the eurozone debt crisis.
THE Australian dollar is slightly higher on this morning as the market awaits any further news on the eurozone debt crisis.
At 6.30am (AEDT), the local unit was trading at 101.92 US cents, up from 101.89 cents yesterday.
The Australian dollar started the week at 97.39 US cents and has so far gained more than four US cents this week on the back of encouraging move to contain government debt problems in Europe.
This morning, Australian time, China is due to release its September inflation data.
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.