Markets Live: Aussie hits 2-year highs
The ASX slips at the end of a largely lacklustre week marked by worries about North Korea and Hurricane Irma, but the Australian dollar shines.
The ASX slips at the end of a largely lacklustre week marked by worries about North Korea and Hurricane Irma, but the Australian dollar shines.
The Australian dollar soared to a two-year high against the US dollar on Friday as ripples from an interest rate meeting in Europe on Thursday spread right through the global currency markets.
The Australian dollar has shot to a new two-year high against the greenback.
The event of the night, of course, belonged to the ECB, but the central bank meeting kept to a consensus script and didn't move markets.
The ASX ended little changed on Thursday, as solid early gains evaporated along with fresh developments around North Korea and Hurricane Irma.
The Bank of Canada's second rate hike in three months may provide the blueprint for monetary policy tightening in an era of stubbornly low inflation.
If Trump succeeds with his plan to repatriate funds from US companies held overseas, these dollar flows will have a volcanic impact on the greenback, Wall Street, and the global financial system, with big winners and big losers.
Wall Street closes in positive territory, setting up the local sharemarket for a solid opening.
Australia's economy expanded by 0.8 per cent in the June quarter and grew 1.8 per cent over the 12 months to June, official figures show.
A foray over US80¢ for the Australian dollar proved to be short-lived, with traders expressing their disappointment in second-quarter GDP data on Wednesday by selling the currency.
The ASX lost ground as stronger GDP figures failed to live up to revised expectations, with banks once again the biggest drag on the index.
It's been a big night as far as leads go for Asia, with the ASX set up for a sharp drop at the open.
The Australian dollar has shot to a new two-year high against the greenback.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.8102 | 0.8101 | 0.0055rise | 0.68% rise |
AUD/EUR | 0.6716 | 0.6714 | 0.0023rise | 0.34% rise |
Updated: September 8, 2017 - 12:10PM |
Company | Security Code | Float date | Issue $ |
---|---|---|---|
Fat Prophets Global Property Fund | FPP | 12/09/2017 | 1.10 |
The GO2 People Ltd | GO2 | 21/09/2017 | 0.20 |
HyGieaCare Inc. | HGC | 24/09/2017 | 0.40 |
Mayur Resources Limited | MRL | 31/08/2017 | 0.40 |
MCP Master Income Trust | MXT | 08/10/2017 | 2.00 |
RightCrowd Limited | RCW | 17/09/2017 | 0.30 |
Registry Direct Limited | RD1 | 15/10/2017 | 0.20 |
Riversgold Limited | RGL | 10/09/2017 | 0.20 |
Stirfire Limited | SFS | 28/09/2017 | 0.20 |
TNT Mines Limited | TIN | 31/08/2017 | 0.20 |
Titomic Limited | TTT | 12/09/2017 | 0.20 |
VGI Partners Global Investments Limited | VG1 | 27/09/2017 | 2.00 |
Code | Name | New Highs | Last Week | Last Month |
---|---|---|---|---|
OTI | ORIENTAL TECHNO. | 0.010rise | 0.004 | 0.004 |
TGN | TUNGSTEN MIN NL | 0.200rise | 0.095 | 0.093 |
HE8 | HELIOS ENERGY LTD | 0.042rise | 0.030 | 0.030 |
GSW | GETSWIFT LIMITED | 1.640rise | 1.195 | 1.140 |
EXU | EXPLAURUM LTD | 0.170rise | 0.140 | 0.140 |
LYC | LYNAS CORPORATION | 0.210rise | 0.175 | 0.165 |
GED | GOLDEN DEEPS | 0.048rise | 0.041 | 0.040 |
ANO | ADVANCED NANO TECH | 0.038rise | 0.033 | 0.033 |
PLG | PROPERTYLINK GRP | 0.950rise | 0.875 | 0.870 |
MIN | MINERAL RESOURCES. | 16.280rise | 15.080 | 15.280 |
Updated: September 8, 2017 - 12:19PM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
DVL | DORSAVI LTD | 0.250fall | 0.300 | 0.285 |
CAT | CATAPULT GRP INT LTD | 1.355fall | 1.585 | 1.600 |
CTO | CITIGOLD CORP LTD | 0.006fall | 0.007 | 0.007 |
MZI | MZI RES LTD | 0.150fall | 0.175 | 0.175 |
SGU | SUCCESS GLOBAL MEDIA | 0.033fall | 0.038 | 0.038 |
BBG | BILLABONG | 0.610fall | 0.700 | 0.700 |
MRR | MINREX RESOURCES LTD | 0.045fall | 0.051 | 0.049 |
ONE | ONEVIEW HEALTHCARE | 3.560fall | 3.900 | 3.990 |
PRY | PRIMARY HEALTH CARE | 3.170fall | 3.380 | 3.350 |
SIV | SILVER CHEF LIMITED | 6.710fall | 7.150 | 7.150 |
Updated: September 8, 2017 - 12:19PM |