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Bell FX Currency Outlook: The Australian Dollar fell to USD 1.0273, its lowest level in more than three months, after comments from European Central Bank (ECB) President Mario Draghi caused stock markets to decline.
Major stock benchmarks pared sharp losses but remained solidly in the red Thursday, weighed down by growth-sensitive sectors amid worries on Europe and underwhelming data on the U.S. economy.
U.S stocks pulled back as the energy and technology sectors struggled. The Dow Jones Industrial Average declined 31 points, or 0.2%, to 13949 Wednesday afternoon, after sliding as many as 66 points in the opening minutes of trading.
Bell FX Currency Outlook: Australian Dollar breaks support as weak Retail Sales weighs on the currency.
Bell FX Currency Outlook: The Australian Dollar has regained some lost ground overnight as the market digested the Reserve Bank of Australia's decision to leave the cash rate unchanged yesterday at 3.
The Dow Jones Industrial Average slumped toward its first triple-digit drop this year, as weakness in technology stocks helped derail a five-week rally for the blue chips
Bell FX Currency Outlook: The Australian Dollar remains steady ahead of the RBA meeting later today.
Bell FX Currency Outlook: The Australian dollar has started the day's trade above 1.0400 after a brief dip on Friday night into the high 1.0300's.
The Dow Jones Industrial Average seesawed within a narrow range, though carrying a slight negative bias, after the FOMC was slightly less dovish in its policy statement.
Bell FX Currency Outlook: The Australian dollar is trading higher, rebounding following several days of weakness
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