Aussie dollar goes on staggering surge
The Aussie dollar surged this month in multiple countries, giving travellers the confidence to head overseas to spend their hard-earned cash.
The Aussie dollar surged this month in multiple countries, giving travellers the confidence to head overseas to spend their hard-earned cash.
The Australian sharemarket has closed out the week on a record high as investors position themselves for imminent US Federal Reserve rate cuts.
Australia’s largest company will suspend its vast nickel mining operations, putting up to 2500 jobs in limbo.
The benchmark ASX200 has flown close to record highs on Thursday following a huge night of trading on Wall St.
After oil prices tumbled and Wall Street finished higher overnight, the local benchmark ended its three-day losing streak to finish in the green on Thursday.
One state’s premier has pledged to back small business with cost-of-living relief to help them stare down interest-rates and inflation pressures.
After Wall St sank lower overnight, the Aussie sharemarket wiped off 0.8 per cent of its value with the big four banks all finishing lower.
The Aussie share market suffered another steep fall on Wednesday, dropping 0.6 per cent when markets opened.
The Aussie share market plunged on Tuesday to its lowest level in six months following a rout in US Treasuries overnight.
Australia’s economic outlook has darkened, with the value of resource exports set for a staggering fall on the back of a China slowdown.
There’s new hope of a resolution to the industrial dispute affecting global energy markets with union workers agreeing to consider a set of recommendations to end the strike.
The Fair Work Commission noted the dispute between Chevron and unions has a potentially devastating effect on global energy markets, which was a key reason to expedite the next hearing.
The share market edged up to finish in the green at the closing bell for the fifth consecutive day of trading.
The Aussie share market remained largely flat with one major retailer seeing its profits slide by more than a third.
Original URL: https://www.thechronicle.com.au/business/markets/australian-dollar/page/34