US stocks have closed mixed, cooling off after Wednesday's torrid rally in the wake of the Federal Reserve's decision to maintain an aggressive stimulus program.
The Australian dollar held steady above 95 US cents today for the first time in three months after the US Federal Reserve made a surprise decision to keep its stimulus measures.
The Australian share market has hit a five-year high, gaining more than one per cent after the world's largest economy decided to continue its stimulus program.
he Australian share market has opened higher after the US Federal Reserve surprised investors by deciding to continue with its $US85 billion-a-month stimulus scheme.
The Australian dollar has soared more than one-and-a-half US cents after the US Federal Reserve unexpectedly decided to leave its economic stimulus program in place.
Australian shares are weaker as cautious investors wait for direction from the US Federal Reserve on its stimulus program for the world's biggest economy.
Western Australia's prized AAA credit rating was cut today, with ratings agency Standard & Poor's criticising the Barnett government's "limited political will" to improve its budget.
US stocks Tuesday closed higher amid greater investor confidence that the US economy could withstand an expected reduction of Federal Reserve bond purchases.
The Australian stock market has started lower as traders sit on the sidelines following recent gains and ahead of this week's meeting of the Federal Reserve.
Australia faces a long road to economic recovery, even if business gains a short-term boost in confidence from the election of a majority coalition government.
US stocks have mostly gained, helped by news that Larry Summers, perceived as in favour of tighter monetary policy, pulled out of the race to lead the Federal Reserve.
Gold futures have risen, bouncing off a five-week low as a shift in the race to replace Federal Reserve chief Ben Bernanke bolstered expectations for the duration of the central bank's bond-buying
The Australian dollar continues to be buoyed by greenback weakness amid easing tensions in Syria and a hawkish candidate's withdrawal from the race to become the US central bank chairman.
Lawrence Summers, who was considered the leading candidate to replace current US Federal Reserve Chairman Ben Bernanke, has withdrawn his name from consideration.
The Australian dollar has bounced on the news that former US treasury secretary Larry Summers has withdrawn from the race to succeed Ben Bernanke as Federal Reserve chief.
