Australian dollar slips

dollar02The Australian dollar is slightly lower as the US dollar rallies driven by a rise in US Treasury yields.

At 0635 AEST on Wednesday, the Australian dollar was worth 80.19 US cents, from 80.37 US cents on Tuesday.

BK Asset Management managing director Kathy Lien said although the US dollar gained against the Australian dollar, it underperformed versus some other currencies.

“The inconsistency in the dollar’s performance is actually a positive sign because it reflects the improvement in risk appetite,” she said.

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

Loading...

Inside Retail Polls

The Amazon effect...
What impact will the e-commerce giant have on Aussie retail?

Inside Retail Directory

Twitter

We chat with the veteran retailer and CEO of the fast growing tool chain. https://t.co/KW8aYhYXtA

2 days ago

Global brand and e-commerce giant team up for holiday experience. https://t.co/RPBGQhB3rf

2 days ago

“Significant behavioural shifts” reshaping Aussie retail according to e-tailer's founder. https://t.co/nxntogg3rs

2 days ago
x

SUBSCRIBE
FREE NEWS BRIEFS Get breaking news delivered