Australian dollar jumps
At 0635 AEDT on Thursday, the Australian dollar was worth 77.08 US cents, up from 76.91 US cents on Wednesday.
The Aussie dollar found support from the Australian government’s auctioning of a record A$1.1 billion of 11-year bonds and strong demand for the 2.75 pre cent coupon, CurrencyView said in a note..
The US dollar index, which measures the greenback against a basket of six major rivals, was last flat on the day at 101.370.
It had hit a one-week high of 101.720 before veteran French centrist Francois Bayrou said he was offering an alliance with independent candidate Emmanuel Macron, a move that could give the former investment banker a much-needed boost to reach the runoff in May’s presidential election.
The local currency is slightly higher against the euro but down against the yen.
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.
Inside Retail Polls
Aussie retailers need to diversify their revenue streams, or risk becoming one of the many brands announcing store… https://t.co/DCKX3A1MXT3 days ago
The Iconic is offering customers pre-paid postage labels to send old clothes in good condition to charity, rather t… https://t.co/49zjMkOGOH3 days ago