The Australian dollar is lower against the US dollar which has rebounded from a seven-week low on traders' optimism spurred by US president Donald Trump's infrastructure spending plans.
Oil prices have jumped two per cent, boosted by the ongoing rally in the US stock market, although gains in crude futures were capped by plentiful supplies and bulging inventories in spite of efforts by producers to cut output.
Gold has fallen to a two-week low as the US dollar firms, US Treasury bond yields rise and equity markets rally, but expectations that the greenback's climb may be coming to an end has helped limit losses.
US stocks were little changed on Thursday as investors paused following a two-day rally that pushed the Dow Jones Industrial Average above the 20,000 mark, while the latest wave of earnings rolled in.
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Gold has fallen nearly one per cent, sliding from a two-month peak as investors take stock of US President Donald Trump's first policy moves and the US dollar stabilises after plumbing seven-week lows.
The Australian dollar is slightly higher against its US counterpart, which recouped losses suffered following US president Donald Trump's protectionist comments.
Oil prices had edged higher ahead of weekly US inventory data on evidence the global market is tightening as lower production by OPEC and other exporters drains stocks.
The Australian share market has closed higher as positive news from steelmaker BlueScope Steel and medical device maker ResMed buoyed investors ahead of the main company earnings season in February.
The Australian share market has opened slightly higher as strong commodity prices help offset negativity around US President Donald Trump's protectionist agenda.
Gold has risen to touch its highest in two months as unease over the economic policies of US president Donald Trump pushes investors towards safer assets while the US dollar and US bond yields fell.
The Australian dollar is virtually unchanged against its US counterpart which has fallen to a seven-week low against a basket of key world currencies amid investor concerns over protectionist rhetoric by US President Donald Trump.
Oil prices have fallen nearly one per cent as signs of a strong recovery in US drilling largely overshadow news that OPEC and non-OPEC producers were on track to meet output reduction goals.
Australian shares have closed lower, weighed down by major logistics firm Brambles' profit warning and uncertainty around the direction of new US President Donald Trump's administration.
The massive plunge by major logistics company Brambles has largely offset a modest boost to the Australian share market from investor optimism about Donald Trump's presidency.
Trump in charge, puts US firstUS President Donald Trump officially set a lofty goal of doubling economic growth to 4 per cent through tax reform, loose
The Australian dollar is up against the greenback on the first full day on the financial markets following Donald Trump's inauguration as the 45th US president.
Oil prices have risen more than two per cent on expectations that this weekend's meeting of the world's top oil producers will demonstrate compliance to a global output cut deal, but rising US drilling activity have limited gains.
Losses across the heavyweight resource and financial sectors have pushed the Australian share market lower as investors keenly await a flurry of Chinese economic data.
Oil prices edged higher on Thursday, but swelling US crude stockpiles limited the rebound from a one-week low after the International Energy Agency said oil markets had been tightening even before cuts agreed by OPEC and other producers took effect.
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Gold steadied on Thursday, giving up earlier losses as the US dollar and US bond yields pared gains, following earlier pressure from strong US economic data and support from Federal Reserve Chair Janet Yellen for higher US interest rates.
The Australian share market gave away most of its early gains but still finished slightly higher as weakness from most of the big banks countered support from an upbeat outlook on the US economy and a profit upgrade from market heavyweight CSL.
The Australian share market has jumped with investors optimistic after US Federal Reserve chair Janet Yellen's said the US economy was strengthening and interest rates were likely to rise.
