The Australian dollar fell to a two week low below 90 US cents as it looks increasingly likely the US Federal Reserve will soon start tapering its massive economic stimulus program.
A rising share market has lifted the full year profit of market operator ASX.The company made a net profit of $348 million in the year to June, up 2.7 per cent from the previous year.
The Australian dollar is at a three-year low after some US Federal Reserve policy-makers said tapering should start soon, the minutes of their July meeting reveal.
US stocks have finished a choppy day lower after minutes from the Federal Reserve's last policy meeting gave no more clarity on the central bank's plans for its stimulus program.
The Australian dollar has regained some of its losses following the release of the Reserve Bank of Australia's August minutes, thanks to stronger gold futures on the back of greenback weakness.
Gold futures have hit a two-month high as losses in the US dollar stoked demand for the metal a day ahead of closely watched minutes from the Federal Reserve's latest meeting.
US stocks have closed mostly higher following some solid retail earnings reports.The Dow Jones Industrial Average fell 7.75 (0.05 per cent) to 15,002.99.
Australia's largest business lender, National Australia Bank, is on track for a $6 billion full year profit, helped along by improvements in its troubled UK division.
The Australian dollar is lower, dragged down by a fall in commodity prices and the strength of the greenback which was boosted by high US Treasury yields.
Gold futures have fallen as jitters ahead of the Federal Open Market Committee's meeting minutes prompt some investors to exercise caution and move to the sidelines.
US equity markets suffered one of their poorest weeks of 2013 ending Friday, tumbling on the back of uninspiring economic data and troubling earnings reports from Walmart and other retailers.
ANZ made a $4.7 billion profit for the nine months to June, an increase of 7 per cent.The bank said the result was driven by revenue growth and productivity gains.
The Australian dollar has firmed after Japan's economics minister, Akira Amari, said Australia's second largest trading partner was halfway out of deflation.