THE Australian dollar has fallen sharply after the release of some positive US economic data.
At 0700 AEDT on Friday, the local unit was trading at 77.94 US cents, down from 78.47 cents on Thursday.
And the Australian stock market looks set to open higher after a mixed night in overseas markets.
At 0652 AEDT on Friday, the March share price index futures contract was up seven points at 5,885.
ELSEWHERE:
WASHINGTON — Plunging petrol prices pulled US consumer prices down sharply in January, giving the consumer price index its first 12-month fall since 2009, the Commerce Department reports.
FRANKFURT — Unemployment in Germany fell in February as growth in Europe’s biggest economy picks up, official data shows.
ATHENS — Greece now has “relatively few” problems left to solve following a “very rough” several years of recession and harsh austerity cuts, the country’s central bank said in a cautiously upbeat annual report.
WASHINGTON — Orders for US durable goods rose for the first time in three months in January, pulled higher by a hefty increase in commercial aircraft orders, the Commerce Department says.
WASHINGTON — Americans filed more claims for US unemployment insurance benefits last week, pushing the number back above 300,000, according to Labor Department data.
FRANKFURT — Loans to the private sector in the euro area, a gauge of economic health, fell year-on-year in January, but by less than in December, the European Central Bank says.
KUALA LUMPUR — Southeast Asia’s top budget carrier, AirAsia, says it suffered a net loss of 428.51 million ringgit ($US120 million) in the quarter ending in December, hit by higher costs and a weaker currency.
LONDON — The chief executive of Asia-focused bank Standard Chartered will step down in June, the company says, following poor results, job cuts and fines for failing to detect possible money-laundering.
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| Southeast Asia’s top budget carrier, AirAsia, says it suffered a net loss of 428.51 million ringgit ($US120 million) in the quarter ending in December, hit by higher costs and a weaker currency. |
At 0700 AEDT on Friday, the local unit was trading at 77.94 US cents, down from 78.47 cents on Thursday.
And the Australian stock market looks set to open higher after a mixed night in overseas markets.
At 0652 AEDT on Friday, the March share price index futures contract was up seven points at 5,885.
ELSEWHERE:
WASHINGTON — Plunging petrol prices pulled US consumer prices down sharply in January, giving the consumer price index its first 12-month fall since 2009, the Commerce Department reports.
FRANKFURT — Unemployment in Germany fell in February as growth in Europe’s biggest economy picks up, official data shows.
ATHENS — Greece now has “relatively few” problems left to solve following a “very rough” several years of recession and harsh austerity cuts, the country’s central bank said in a cautiously upbeat annual report.
WASHINGTON — Orders for US durable goods rose for the first time in three months in January, pulled higher by a hefty increase in commercial aircraft orders, the Commerce Department says.
WASHINGTON — Americans filed more claims for US unemployment insurance benefits last week, pushing the number back above 300,000, according to Labor Department data.
FRANKFURT — Loans to the private sector in the euro area, a gauge of economic health, fell year-on-year in January, but by less than in December, the European Central Bank says.
KUALA LUMPUR — Southeast Asia’s top budget carrier, AirAsia, says it suffered a net loss of 428.51 million ringgit ($US120 million) in the quarter ending in December, hit by higher costs and a weaker currency.
LONDON — The chief executive of Asia-focused bank Standard Chartered will step down in June, the company says, following poor results, job cuts and fines for failing to detect possible money-laundering.
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