$A above 63 US cents after retail data

$A above 63 US cents after retail data

The Australian dollar bounced from a two-week trough as surprisingly strong retail sales data at home helped offset risk aversion globally and prompted a bout of short-covering. The Aussie rose by 0.4 per cent 63 14 US cents, having slipped 0.8 per cent overnight to...
$A above 63 US cents after retail data

$A hit by jobs data, geopolitical jitters

The Australian dollar has lost ground after dire local jobs data underlined the economic toll of fighting the coronavirus, while a flare-up in concerns about North Korea hurt risk sentiment across Asia. The Aussie slipped 0.6 per cent to 62.95 US cents and away from a...
$A above 63 US cents after retail data

Oil mixed amid weak data, supply build

Oil prices were mixed on Friday, with weak Chinese economic figures and rapidly filling US crude storage offsetting bullishness built on US President Donald Trump’s outlines for the US economy to emerge from the coronavirus shutdown. US crude futures hit a more...
$A above 63 US cents after retail data

Flat open on ASX amid first data on virus

Australian markets are expected to open flat on Monday as traders prepare for their first look at hard data on the impacts of coronavirus on the economy. The Dow Jones and S&P 500 gained more than 2.5 per cent on Saturday (Australian time) in response to hopes...
$A above 63 US cents after retail data

Wall St falls on dour US economic data

US stocks have fallen as dismal economic and first-quarter earnings reports compounded concerns over the extent of damage from the coronavirus outbreak. Shares of Bank of America and Citigroup Inc dropped as they joined JPMorgan Chase & Co and Wells Fargo & Co...