Australian dollar rises

dollar14The Australian dollar is a touch higher against its US counterpart.

At 0635 AEST on Wednesday, the Australian dollar was worth 75.32 US cents, up from 75.25 US cents on Tuesday.

Westpac’s Imre Speizer said the local currency was being boosted by fading expectations of a US rate rise this month, but weighed on by softer commodity prices.

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

What were the biggest challenges during the 2019 holiday period?
Vote

Twitter

Department store Myer has further streamlined its executive team, cutting 35 roles from its head office in Melbourn… https://t.co/jEPQL27ujx

2 days ago

Clothing retailer Jeanswest is the latest retailer to enter voluntary administration, citing difficult trading co… https://t.co/xyBNwDPO0J

3 days ago

Our contributor recalls a few once-popular retail metrics and suggests we should think twice before moving on to th… https://t.co/v0QL02AIaB

3 days ago