The Australian dollar is higher after the US Federal Reserve chairman eased concerns about the tapering of the central bank's economic stimulus program.
Australian stocks shot up by 1.3 per cent, with investors cheering comments out of the US that money would continue to be pumped into the world's largest economy.
Australian stocks are higher after US Federal Reserve chairman Ben Bernanke indicated stimulus measures would remain in place for the forseeable future.
US stocks ended mixed on Wednesday after the minutes of the Federal Reserve's last policy meeting suggested it could end its QE stimulus program by the end of the year.
The Australian dollar is weaker as traders overlook the International Monetary Fund's forecast that Australia's biggest trading partner China faces a prolonged growth slowdown.
US stocks have closed solidly higher for the fourth straight day as investors ignored the International Monetary Fund's lowered growth forecasts for the US and global economies.
Australian shares shot up in what market watchers hope is a sign investors are over their jitters caused by the US flagging a cut to its stimulus program.
US stocks have ended higher as investors look forward to the kickoff of earnings season.The Dow Jones Industrial Average rose 88.85 (0.59 per cent) to 15,224.69.
The corporate watchdog will monitor analysts' briefings during the upcoming reporting season after launching an investigation into Newcrest Mining's disclosure of a $6 billion writedown.
The Australian dollar this week could well fall below 90 US cents for the first time in almost three years as healthy US jobs data boosts the greenback.
The Australian share market rose by more than 19 per cent from November 2012 to May 2013, before giving back 11.1 per cent in the subsequent six weeks.
The Australian dollar is higher after the Bank of England and the European Central Bank pledged to keep their interest rates low for an extended period to support growth.
European shares prices have rallied and the euro has plummeted against the US dollar after the eurozone and British central banks signalled that easy-money policies to stimulate growth will continu
Australian shares are one per cent higher as the military overthrow of Egyptian president Mohamed Morsi boosts the price of crude oil and shares in energy companies.
US stocks have closed higher in shortened pre-July 4th holiday trade helped by fresh jobs data, while turmoil in Egypt and Portugal had no significant impact on the markets.
The Australian dollar fell to a three-year low after Reserve Bank governor Glenn Stevens revealed the board took "a very long time" to decide whether or not to leave the cash rate unchanged this mo
The Australian stock market's rollercoaster start to the new financial year has continued with more than $26 billion wiped from its value on Wednesday.
