Australian dollar rises

dollar24The Australian dollar is modestly higher against its US counterpart with investors seemingly willing to take on greater risks.

At 0635 AEST on Friday, the Australian dollar was worth 75.27 US cents, up from 75.02 US cents on Thursday.

BK Asset Management’s managing director of FX Strategy Kath Lien said the main reason for the local currency’s lift was investor sentiment.

“The Australian dollar benefited from improving risk appetite,” she said in a note on Friday morning.

The Australia dollar also rose against the yen and the euro.

AAP

Access exclusive analysis, locked news and reports with Inside Retail Weekly. Subscribe today and get our premium print publication delivered to your door every week.

Comments

Comment Manually

Inside Retail Polls

Schwarz Group, Aldi and the big two
How will the Aussie entry of either Kaufland or Lidl impact the supermarket industry?

Inside Retail Directory

Twitter

Online retailer upgrades outlook for the third time. https://t.co/9e80krVJDG

2 days ago

Retail companies advised to connect with digital natives. https://t.co/TaW9A9fyhd

2 days ago

The government's new law unfairly imposes on retailers, says expert. https://t.co/3L4XRaZlc9

2 days ago
x

SUBSCRIBE
FREE NEWS BRIEFS Get breaking news delivered