Australian dollar unchanged

The Australian dollar is at 68.14 US cents, unchanged from yesterday’s 68.14 US cents.

Yesterday morning, the local currency was at 67.97 US cents from 67.79  US cents on Wednesday.

On Wednesday, it rebounded overnight, buying 67.69 US cents Wednesday, up from 67.25 US cents on Tuesday.

On Tuesday, it neared its decade low before rebounding. The Aussie dollar dipped to close to a recent 10-year low on weak retail sales figures.

The Aussie dollar dipped as low as 66.88 US cents after the Australian Bureau of Statistics announced that retail spending fell by an unexpected 0.1 per cent in July.

But it later rebounded from that level – not far from a 10 and a half year low set of 66.77 cents set on August 7 – when the Reserve Bank of Australia announced in the afternoon that it would not to cut the cash rate for another month.

It was buying 67.24 US cents at 1700 AEST, from 67.31 US cents on Monday.

Comments

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

Do you offer staff the opportunity to earn degrees/certifications while working at your business?
Vote

Twitter

Do you know any retailer with exceptional customer experience? Nominate them at 2020 Retailer Awards:… https://t.co/Tc3DDjJbFV

3 days ago

Nominations for 2020 Retailer Awards are officially open! Tag retailers you believe provide exceptional customer ex… https://t.co/wkhQq3UjFE

2 weeks ago

Retail industry bodies including @OZretailers and @retailaustralia are calling on @QldGov to abandon plans to make… https://t.co/8u1zPN0CAg

2 weeks ago
x

SUBSCRIBE
FREE NEWS BRIEFS Get breaking news delivered