The Australian dollar has moved to within half a US cent of parity with its US counterpart and could move higher in the coming days, even as markets remain nervous about upcoming Greek elections.
Volatility on European markets has created short-term opportunities for investors while the local sharemarket flounders around six month lows, analysts say.
The Australian dollar has slipped following Europe's decision to bailout Spain's banking system, but it is likely to fall during the week as markets brace for the fallout from Greek elections.
Six of the world's 30 most pricey cities for expatriate workers are in Australia, a survey has found, with Perth jumping 11 spots in the global ranking.
An early rally fuelled by Spain's banking bailout fizzled prompting US stocks to head into negative territory, as the reality of more imminent risks confronting the eurozone sank in.
Europe's debt crisis and sluggish US economic growth drove share market volatility higher last week, but market players are calling for anxious equity investors to keep the faith.
After five weeks in a slump, US investors turned their backs on more worrisome news from Europe and poor US economic data to deliver the markets their best week so far this year.
The Australian share market has closed lower as investors fretted over comments made by the head of the US central bank over the risk that the troubled euro zone posed to the US economy.
Australia's four major banks all moved today on their lending rates, with the ANZ making the largest cut, of 25 basis points, but National Ausralia Bank continuing to be the market leader with the
The Australian share market has opened flat with strength in materials stocks offsetting weakness across the financials sector after a disappointing trading session on Wall Street.
US stocks have closed mixed after China lowered interest rates to spur its slowing economy, while Federal Reserve Chairman Ben Bernanke dented stimulus hopes for the United States.
The Australian dollar has continued its upwards march back towards parity with its US counterpart following unexpectedly strong domestic employment data.
US stocks jumped more than 2.3 per cent Wednesday after the European Central Bank said it would keep open its unlimited liquidity loans for eurozone banks at least through 2012.
The Australian dollar rose to its highest level against its American counterpart in more than two weeks following better than expected domestic growth data.
Australian stocks have closed higher for a second straight day despite giving up early gains after a closer inspection of the latest economic growth figures.
Better than expected gross domestic product (GDP) figures could help push the Australian dollar toward 99 US cents, with the currency half a cent higher at noon.
