The Australian share market has opened lower after the United States' condemnation of chemical weapon attacks in Syria triggered sharp falls on Wall Street.
US stocks have closed sharply lower after Secretary of State John Kerry warned that the US will demand "accountability" after an "obscene" chemical weapons attack on Syrian civilians.
The Australian dollar edged higher in a quiet day of trade.At 1700 AEST on Monday, the local unit was trading at 90.38 US cents, up from 90.03 cents on Friday.
Gold prices have settled at their highest level in 11-weeks high after weaker US home sales data stoked hopes of sustained stimulus measures from the Federal Reserve.
US stocks scored solid gains to finish last week, with the market getting a jolt from Microsoft's announcement that chief executive Steve Ballmer will retire within the next 12 months.
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.