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Bell FX Currency Outlook: The Australian Dollar is sitting just south of USD 1.0300 this morning which is slightly higher than where it was trading at local close of business on Wednesday.
IG Markets strategist Evan Lucas on Global Markets: Commodities and currencies alike are jostling for position heading into the start of May - as rate cuts, balance sheet expansions and increased stimulus measures dominate the financial headlines.
The Dow Jones Industrial Average on Tuesday was up 152.29 (1.05 per cent) at 14,719.46. The broad-based S&P 500 added 16.28 (1.04 per cent) at 1,578.78, while the tech-rich Nasdaq Composite Index jumped 35.78 (1.11 per cent) to 3,269.33.
Australian Dollar Outlook (BELL FX, Rivkin Securities): Slightly lower overnight by 0.17% $1.0258, the Australian dollar has been trading marginally higher at $1.0267 (8:50 AEST) at the start of this morning's auction against the US dollar.
US stocks moved higher amid mixed earnings reports, bouncing back after last week's losses. The Dow Jones Industrial Average gained 19.66 points, or 0.14 per cent, to 14,567.17. The broad-based S&P 500 added 7.25 points, or 0.47 per cent, to 1,562.50. The tech-rich Nasdaq Composite Index jumped 27.50 points, or 0.86 per cent, to 3,233.55.
Bell FX Currency Outlook: The Australian Dollar is slightly lower this morning as traders remain cautious ahead of some Chinese manufacturing data due to be release today.
Bell FX Currency Outlook: The Australian Dollar had a quiet night on Friday after the volatile movements of last week and opens this morning below 1.0300.
Stocks rose Friday, trimming the biggest weekly loss of the year for the Dow, as continued strength in defensive corners of the market offset a selloff in International Business Machines shares.
Stocks continued their slide after a full slate of uninspiring corporate earnings reports provided little to compel investors to step in and buy shares.
Bell FX Currency Outlook: The Australian Dollar remains under pressure this morning and continues to trade below USD 1.0300 after a volatile week.
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