THE Australian dollar is lower after
a poor start to a fresh round of negotiations between the new Greek
government and the European Union over the debt-stricken nation’s
bailout package.
At 0630 AEDT on Tuesday, the local dollar was trading at 77.64 US cents, down from 77.84 cents on Monday.
Greece rejected an opening EU bailout offer as “absurd” and “unacceptable”, after it had been told to respect the existing conditions of the bailout.
In local economic news on Tuesday, the Reserve Bank of Australia releases its monthly board meeting minutes, while the Australian Bureau of Statistics’ international merchandise imports data for January is due out, as is the ANZ-Roy Morgan weekly consumer confidence survey.
In equities news, Fortescue Metals Group, Dick Smith, Asciano, SEEK, Sonic Healthcare and Amcor are among the companies expected to post half year results, while Coca-Cola Amatil and Iluka Resources are slated to release full year results.
In Australia, the market on Monday overcame a poor start to finish slightly higher, led by the major banks and the resources sector.
The benchmark S&P/ASX200 index was up 11.2 points, or 0.19 per cent, at 5,888.7 points.
The broader All Ordinaries index was up 14 points, or 0.24 per cent, at 5,849.5 points.
At 0630 AEDT on Tuesday, the local dollar was trading at 77.64 US cents, down from 77.84 cents on Monday.
Greece rejected an opening EU bailout offer as “absurd” and “unacceptable”, after it had been told to respect the existing conditions of the bailout.
In local economic news on Tuesday, the Reserve Bank of Australia releases its monthly board meeting minutes, while the Australian Bureau of Statistics’ international merchandise imports data for January is due out, as is the ANZ-Roy Morgan weekly consumer confidence survey.
In equities news, Fortescue Metals Group, Dick Smith, Asciano, SEEK, Sonic Healthcare and Amcor are among the companies expected to post half year results, while Coca-Cola Amatil and Iluka Resources are slated to release full year results.
In Australia, the market on Monday overcame a poor start to finish slightly higher, led by the major banks and the resources sector.
The benchmark S&P/ASX200 index was up 11.2 points, or 0.19 per cent, at 5,888.7 points.
The broader All Ordinaries index was up 14 points, or 0.24 per cent, at 5,849.5 points.
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