The Australian dollar has risen three-quarters of a US cent with better than expected jobs figures giving investors reason to be optimistic about the US economy and Spain agreeing to austerity meas
The Reserve Bank of Australia is expected to keep the official interest rate at 3.5 per cent over the next couple of months, following the rate cuts in May and June.
The Australian share market has opened lower after expectations the European Central Bank (ECB) would announce immediate monetary measures to ease the debt crisis failed to bear fruit.
US stocks slid for a fourth straight day, as the European Central Bank took no action to address the eurozone sovereign debt crisis but suggested it may intervene on the markets to lower borrowing
The construction union has backed a call by former Reserve Bank of Australia (RBA) board member Warwick McKibbin for the central bank to intervene to limit the strength of the Australian dollar.
US stocks have closed lower after the Federal Reserve kept monetary policy unchanged -- a widely expected move that nevertheless disappointed those hoping for a sign of new economic stimulus.
The Australian sharemarket has closed slightly lower after investors took a cautious approach ahead of US Federal Reserve and European Central Bank meetings.
The Australian dollar is a third of a US cent higher ahead of the much anticipated meetings of the US Federal Reserve and the European Central Bank (ECB), this week.
US stocks have closed in the red as Wall Street hopes for US Federal Reserve and European Central Bank stimulus action this week and awaits a report on the July jobs market.
The federal budget deficit for the last financial year is likely to be better than expected due to solid revenue growth, the latest government figures show.
The Australian dollar is half a US cent higher on speculation European leaders and the European Central Bank (ECB) will take action to protect the euro from the region's debt crisis.
The Australian share market has closed at its strongest level in a week after a pledge by the European Central Bank (ECB) to preserve the euro underpinned renewed investor confidence.
The Australian dollar is more than half a US cent higher on comments suggesting the European Central Bank (ECB) could take a greater role in curbing euro zone debt.
US stocks have soared, buoyed by a pledge from Europe's top central banker to do everything possible to save the eurozone from a raging sovereign debt crisis.
