Australian dollar jumps

Rolls Of Australian Cash Money With Five, Ten, Twenty, Fifty And One Hundred Dollar Notes.The Australian dollar has jumped against its US counterpart and is back above 77 US cents.

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.


Comment Manually

I have read and agree to the Terms and Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Inside Retail Polls

Is the US-China trade war having an impact on your business?


Talks of a merger between @OZretailers and @retailaustralia have come to a close, with the parties failing to align…

6 days ago

.@Wesfarmers is one step closer to its acquisition of online retailer @Catch_au after @acccgovau announced it would…

2 weeks ago

In order to combat falling cash reserves, @oliversrealfood CEO is putting his own money on the line to fund the bus…

3 weeks ago

FREE NEWS BRIEFS Get breaking news delivered