MARKET NEWS

$A falls to four month low
24/04/2018 6:49 AM

The Australian dollar has fallen to its lowest level in over four months, dragged down by lower US stocks and metals prices, as well as higher US bond yields, which are supporting a higher US dollar.

At 0635 AEST on Tuesday, the local currency was worth 76.06 US cents, down from 76.71 US cents on Monday.

Earlier in the morning, the Australian dollar fell as low as 76.00 US cents, its lowest level since December 13.

CURRENCY SNAPSHOT AT 0635 AEST ON TUESDAY

One Australian dollar buys:

* 76.06 US cents, from 76.71 on Monday

* 82.69 Japanese yen, from 82.71 yen

* 62.30 euro cents, from 62.49 euro cents

(*Currency closes taken at 1700 AEST previous local session)

$A falls, after Wall Street declines
23/04/2018 6:41 AM

The Australian dollar is lower, after Wall Street fell, dragged down by falls in technology stocks on nerves about upcoming earnings reports.

At 0635 AEST on Monday, the local currency was worth 76.74 US cents, down from 77.09 US cents on Friday.

The technology index was the biggest drag on the Wall Street's S&P 500 with a 1.5 per cent drop after registering three straight days of losses ahead of a key earnings week for the sector.

CURRENCY SNAPSHOT AT 0635 AEST ON MONDAY

One Australian dollar buys:

* 76.74 US cents, from 77.09 on Friday

* 82.74 Japanese yen, from 82.91 yen

* 62.54 euro cents, from 63.01 euro cents

(*Currency closes taken at 1700 AEST previous local session)

$A dragged lower by Wall St, jobs data
20/04/2018 6:39 AM

The Australian dollar is lower after the release of disappointing local jobs figures on Thursday, and after Wall Street was dragged down by the tech stocks.

At 0635 AEST on Friday, the local currency was worth 77.31 US cents, down from 78.01 US cents on Thursday.

US stocks have closed lower, after technology stocks from Apple to chipmakers declined following a weak forecast on smartphone demand.

On Thursday, official employment data showed the unemployment rate stayed steady at 5.5 per cent in March, but the number of Australians with jobs only rose by 4,900, well below the gain of 20,000 the market was expecting.

CURRENCY SNAPSHOT AT 0635 AEST ON THURSDAY

One Australian dollar buys:

* 77.31 US cents, from 78.01 on Thursday

* 83.00 Japanese yen, from 83.77 yen

* 62.61 euro cents, from 63.01 euro cents

(*Currency closes taken at 1700 AEST previous local session)