The Australian dollar will hover between US90 cents and $US1.10 over the next five years, leading economist Stephen Koukoulas told a Perth audience this morning.
The share market has posted a significant fall as investors took profits and consider the possibility of the United States reducing its economic stimulus program soon.
US stocks have ended modestly higher as investors appeared to take a breather in a semi-holiday session after Friday's strong rally on the back of encouraging jobs data.
The Australian share market has closed lower as investors put aside a positive lead from US markets and took a breather from a strong run upwards in recent months.
Gold futures have fallen to their lowest level in three weeks after a surprisingly strong US labour-market reading re-animated fears the Federal Reserve would soon curtail its bond purchases.
Twitter has held centre stage on Wall Street in a week of rocky trade that ultimately held up against sell-offs of bubbly tech shares to produce a new Dow record.
The Australian dollar is lower after a surprisingly strong US jobs report increased the likelihood that the Federal Reserve's quantitative easing could be wound back sooner rather than later.
The Reserve Bank of Australia has revealed that the option to cut the cash rate further remains alive.And the Aussie dollar is what's keeping it breathing.
US stocks have tumbled despite a successful launch of trading in Twitter stock and report on US economic growth that bested expectations by a wide margin.
The Commonwealth Bank of Australia is on track to make another record full year profit, after recording earnings of $2.1 billion in the three months to the end of September.
US stocks have ended mostly lower as analysts pointed to the need for markets to absorb recent gains after a number of records in the past couple of weeks.
The Australian dollar has bounced back after its fall following the Reserve Bank's monetary policy statement expressing concern about the currency's high value.
