THE Australian dollar is struggling to hold above 77 US cents amid growing expectations of a rate cut on Tuesday.
At 0630 AEDT on Monday, the local currency was trading at 77.39 US cents, down from 77.91 cents on Friday.
And the Australian share market looks set to open lower following falls on Wall Street after disappointing US economic growth report and worrisome data on eurozone inflation.
At 0645 AEDT on Monday, the March share price index futures contract was down 24 points at 5,518.
ELSEWHERE:
WASHINGTON — US President Barack Obama is proposing an ambitious six-year, $US478 billion ($A616.22 billion) public works program of highway, bridge and transit upgrades.
ATHENS — The European Union must halt “spasmodic” action against Russia, the new Greek foreign minister says, adding Greece could not be ignored in EU affairs simply because it owes money.
BEIJING — China’s manufacturing activity contracted for the first time in more than two years in January.
BERLIN — German Chancellor Angela Merkel has rejected the prospect of debt relief for Athens, adding to tensions between the radical new Greek government and its international creditors.
ADDIS ABABA — African leaders have agreed in principle to impose a flurry of taxes in a bid to finance their pan-African bloc, set up to push the continent’s diplomatic agenda but dependent on foreign handouts.
SAN FRANCISCO — IBM boss Virginia Rometty is to get a $US3.6 million ($A4.64 million) performance bonus, despite a decline in the company’s sales and profits for 2014.
COLOMBO — Sri Lanka’s new government has declared James Packer unwelcome in the country after the gaming mogul pulled out of building a luxury resort following a ban on new casinos.
At 0630 AEDT on Monday, the local currency was trading at 77.39 US cents, down from 77.91 cents on Friday.
And the Australian share market looks set to open lower following falls on Wall Street after disappointing US economic growth report and worrisome data on eurozone inflation.
At 0645 AEDT on Monday, the March share price index futures contract was down 24 points at 5,518.
ELSEWHERE:
WASHINGTON — US President Barack Obama is proposing an ambitious six-year, $US478 billion ($A616.22 billion) public works program of highway, bridge and transit upgrades.
ATHENS — The European Union must halt “spasmodic” action against Russia, the new Greek foreign minister says, adding Greece could not be ignored in EU affairs simply because it owes money.
BERLIN — German Chancellor Angela Merkel has rejected the prospect of debt relief for Athens, adding to tensions between the radical new Greek government and its international creditors.
ADDIS ABABA — African leaders have agreed in principle to impose a flurry of taxes in a bid to finance their pan-African bloc, set up to push the continent’s diplomatic agenda but dependent on foreign handouts.
SAN FRANCISCO — IBM boss Virginia Rometty is to get a $US3.6 million ($A4.64 million) performance bonus, despite a decline in the company’s sales and profits for 2014.
COLOMBO — Sri Lanka’s new government has declared James Packer unwelcome in the country after the gaming mogul pulled out of building a luxury resort following a ban on new casinos.
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