FOMO 'is putting the economy at risk'
Tim Samway of Hyperion Asset Management says fear of missing out has led to high risks for the Australian economy as a whole due to overexposure to the heavyweight banking sector.
Foreign Exchange
Wholesale Interbank Rates
As at (delayed by 30 minutes)| Currencies | $1 AUD Buys | $1 AUD Sells | Movement by Price | Movement by % | |
|---|---|---|---|---|---|
| USD | United States Dollar | 0.7541 | 0.7540 | 0.0001rise | 0.01% rise |
| JPY | Japanese Yen | 82.9200 | 82.9000 | 0.0300rise | 0.04% rise |
| EUR | Euro | 0.6729 | 0.6726 | -0.0002fall | -0.03% fall |
| GBP | British Pound | 0.5911 | 0.5910 | -0.0046fall | -0.77% fall |
| CAD | Canadian Dollar | 0.9976 | 0.9972 | -0.0071fall | -0.71% fall |
| CNY | China Yuan Renminbi | 5.1272 | 5.1251 | 0.0005rise | 0.01% rise |
| HKD | Hong Kong Dollar | 5.8799 | 5.8788 | -0.0009fall | -0.02% fall |
| INR | Indian Rupee | 48.5350 | 48.4910 | -0.1130fall | -0.23% fall |
| IDR | Indonesian Rupiah | 10022.9200 | 10019.3300 | -5.2800fall | -0.05% fall |
| MYR | Malaysian Ringgit | 3.2151 | 3.2124 | -0.0019fall | -0.06% fall |
| NZD | New Zealand Dollar | 1.0436 | 1.0433 | -0.0035fall | -0.33% fall |
| SGD | Singapore Dollar | 1.0412 | 1.0409 | -0.0024fall | -0.23% fall |
| ZAR | South African Rand | 9.6259 | 9.6181 | -0.0369fall | -0.38% fall |
| CHF | Swiss Franc | 0.7303 | 0.7302 | 0.0000steady | 0.00% steady |
| THB | Thailand Baht | 25.5800 | 25.5600 | -0.1000fall | -0.39% fall |
Major Currency Cross Rates
As at (updated every 30 minutes)| Currency | AUD | USD | EUR | GBP | JPY | NZD |
|---|---|---|---|---|---|---|
| $1 AUD | 1.0000 | 0.7540 | 0.6726 | 0.5910 | 82.9000 | 1.0433 |
| $1 USD | 1.3263 | 1.0000 | 0.8922 | 0.7839 | 109.9300 | 1.3839 |
| €1 EUR | 1.4862 | 1.1205 | 1.0000 | 0.8784 | 123.2200 | 1.5508 |
| £1 GBP | 1.6916 | 1.2753 | 1.1380 | 1.0000 | 140.2500 | 1.7652 |
| ¥1 JPY | 0.0121 | 0.0091 | 0.0081 | 0.0071 | 1.0000 | 0.0126 |
| $1 NZD | 0.9582 | 0.7223 | 0.6446 | 0.5664 | 79.4500 | 1.0000 |
Stock Watch
ASX has best day in seven months
The ASX dodged the US mini-tech-wreck, surging to its best day in seven months, as investors flooded back into beaten-up bank stocks.
Digital currency frenzy crashes Coinbase exchange
New York: Digital currency exchange Coinbase said on Monday it was experiencing an outage due to an increase in traffic and trading volume.