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Bell FX Currency Outlook: The local unit fell to a low just above 1.0400 against the Greenback as concerns over a potential rate cut next week have started to creep in.
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. The Fed concluded its latest two-day meeting by keeping rates unchanged and continuing its bond-buying efforts amid a mixed picture of economic growth.
The making of Facebook and Twitter founders into new millionaires and billionaires of this generation had simply put a price on social media. Nonetheless not all are convinced that by making a Twitter account can indeed translate into sales and the cash registers brimming with dollars and cents.
Bell FX Currency Outlook: The Australian Dollar is higher after international investors welcomed news of a surge in domestic business confidence.
The Dow Jones Industrial Average advanced 68 points, or 0.5%, to 13950 in midafternoon trading Tuesday, on pace to close at the highest level since October 2007. The Standard & Poor's 500-stock index rose seven points, or 0.5%, to 1507. Blue chips headed toward a five-year high as Pfizer topped earnings expectations and investors shrugged off sluggish consumer-confidence data.
Bell FX Currency Outlook: Australian dollar tumbles to lowest level in a month as markets consolidate.
Bell FX Currency Outlook: Australian dollar softens despite positive Chinese data.
A broad rally in major indexes lost steam Thursday afternoon, as a disappointing earnings report from Apple weighed on technology shares. The Dow Jones Industrial Average rose 19 points, or 0.1%, to 13798. The Standard & Poor's 500-stock index lost three points, or 0.2%, to 1491.
Bell FX Currency Outlook: Australian Dollar finds support on US dollar weakness as it shrugs off weaker local data.
Stocks reversed earlier losses and looked to extend last week's multiyear highs, as investors monitored corporate earnings and the White House said President Barack Obama won't block a debt-ceiling extension. The Dow Jones Industrial Average rose 43 points, or 0.3%, to 13693 in midafternoon trading Tuesday, recovering from a morning drop of as much as 27 points.
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