Aussie dollar continues to fall
The commodities pullback continued to weigh on the unit in late trade.
The commodities pullback continued to weigh on the unit in late trade.
Protesters against immigration detention centres have taken the stage at an ethical investment conference in Melbourne.
The bank has cited surging share prices, and says Mirvac may be weighed by a crackdown on loans to foreigners.
Beijing has rolled out a series of fresh measures to bolster exports, which have been weighed down by sluggish global demand.
Brent crude has jumped 1.63pc on strong Chinese imports and Canadian wildfires.
The local unit is still reeling from the Reserve Bank’s inflation downgrade.
The local unit has plunged sharply below US74c in late afternoon trade.
The local unit was close to half a cent lower in late afternoon, following the RBA’s rate cut.
Fear of deflationary spiral has compelled the RBA to act, risking a politically charged spike in house prices.
Fear of deflationary spiral has compelled the Reserve Bank to cut rates to a new historic low.
Original URL: https://www.theaustralian.com.au/author/amber-plum/page/75