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Wall Street closed flat after a volatile session, supported by bank shares, as the minutes from the Federal Reserve's April meeting signalled a potential interest rate increase in the near term.
The Australian dollar has retraced some ground after falling to a three-month low following the release of Federal Reserve minutes that signalled a June US rate hike is "live."
Gold has fallen more than one per cent as the US dollar hit a new three-week high following minutes of the US Federal Reserve's last policy meeting that bolstered expectations the central bank could soon raise interest rates.
Limp growth in an economy that generates minimal wage increases is hardly the election campaign banter the Turnbull government is trying to spruik, but new figures suggest just that.
Embattled Perth Lord Mayor Lisa Scaffidi denies a no-confidence motion against her deputy was payback after he asked her to step aside for not disclosing travel gifts.
The Australian share market is lower, hurt by banking and retail stocks after Wall Street fell on fears about the prospect of the Federal Reserve lifting its interest rate.
The federal government has deferred introduction of the so-called backpacker tax in a bid to rid the issue as an election irritant in rural and regional seats.
The Australian dollar has edged lower despite a rally in global oil prices.At 0700 AEST on Tuesday, the local unit was trading at 72.89 US cents, down from 72.95 cents on Monday.
The High Court has dealt a major blow to the state government after ruling invalid legislation that would have propelled it to the top of the creditors’ list for the $1.75 billion carve-up of the failed Bell Group.
The Australian share market is slightly higher following a fall in commodity prices, disappointing data about China's economy and Wall Street closing in red territory.
Gold prices have risen, buoyed by weak US equity markets and chart-based strength, as it shrugged off a higher US dollar and strong US economic data suggesting a brightening outlook for the economy