Australian dollar rises

dollarThe Australian dollar is higher, after Wall Street closed on an upbeat note as optimism about the coming company earnings season overshadows the weekend’s US-led missile attack on Syria.

At 0635 AEST on Tuesday, the local currency was worth 77.83 US cents, up from 77.55 US cents on Monday.

The major US stock indexes all finished the session almost one per cent higher as investors appeared to shift focus to the US earnings season in which corporate tax cut benefits are expected to be a highlight.

One Australian dollar buys 83.36 Japanese yen, from 83.15 yen and 62.85 euro cents, from 62.91 euro cents.

AAP

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