As good as it gets for the Aussie dollar?
The Australian dollar is holding near two-year highs despite the RBA cooling speculation of an impending rate hike, but a jump above the US80¢ hurdle is looking more elusive.
Jens is the markets and breaking news editor, based in Sydney.
The Australian dollar is holding near two-year highs despite the RBA cooling speculation of an impending rate hike, but a jump above the US80¢ hurdle is looking more elusive.
Consumer price growth is likely to remain subdued, quietening rate rise talk, while a spike in the Aussie dollar could push out the Reserve Bank's timeline for a lift in inflation.
Bank stocks lost steam on Friday as investors booked profits after two days of strong gains, weighing on the overall market.
Banks again led the ASX higher in a session full of corporate action, while solid job numbers briefly lifted the Aussie dollar to a fresh high.
Big banks shares enjoyed their best day in eight months, gaining $14 billion in value on relief that new capital requirements weren't as tough as many had feared.
Shares in the big banks rocket higher as investors bet they won't need to raise capital to meet APRA's new requirements.
Losses on the ASX accelerate, pulling the index below 5700 points, while the Aussie rallies to a fresh two-year high.
The RBA may remain reluctant to follow other global central banks in pulling the rate rise trigger, but that's not preventing forex traders ...
Strong data out of China failed to motivate the local sharemarket, with Telstra's worst day in three months weighing on the ASX.
Shares trade flat and the Aussie dollar trades close to two year highs, supported by better-than-expected Chinese economic data.
Tailwinds combined for the Australian dollar this week to push the currency to its highest level of the year against the greenback.
Shares trim early gains but remain on track for a solid weekly rise, while the Australian dollar is at four-month highs.
The Australian dollar has leapt over the US77¢ hurdle, buoyed by strong Chinese trade numbers and as the greenback crumbles.
The Aussie dollar joins a rally in stocks, after dovish comments by Fed chair Janet Yellen lifted the Dow to a record.
Local shares fall with materials the only sector posting a gain, after a choppy session on Wall Street that was dominated by politics.
Miners such as BHP are a bright spot in a market stuck in a tight trading range ahead of key central bank events.
Wall Street's positive mood spilled over to the local sharemarket, though buying lost some momentum in afternoon trade.
Wall Street's positive mood spilled over to the local sharemarket on Monday, though buying lost some momentum in afternoon trade.
Shares fall into the red as gains in the big banks evaporate and investors remain cautious following Friday's selloff.
It may go down as a watershed moment for markets: central bankers warned that the era of ultra-cheap money is ending, and investors actually...
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