The Aussie dollar has convincingly cleared the US76c hurdle after the trade surplus shot up to its highest on record, while local stocks sag despite a rally in Downer EDI.
- Surging commodity prices push trade surplus to its highest on record, while building approvals sag
- The Aussie dollar spikes to US76ยข on the trade numbers, its highest since just after the US election
- Downer EDI shares soar after the contractor posted strong earnings and lifted its profit guidance
- The Fed remains firmly in wait-and-see mode, with markets betting the next hike won't be before June
Fairfax Media Australia
