Thursday 12 February 2015

Greek concerns weigh on Australian dollar

THE Australian dollar is weaker ahead of an emergency eurozone meeting on the Greek crisis.  
At 0645 AEDT on Thursday, the March share price index futures contract was up seven points at 5,731.

In local economic news on Thursday, the Australian Bureau of Statistics releases January Labour force data and December overseas arrivals and departures figures.

Reserve Bank of Australia Assistant Governor (Financial Markets) Guy Debelle is slated to speak at the FX Week Australia Conference in Sydney.

In equities news, Telstra, Mirvac, Transurban, ASX, Tassal and APN News & Media are among the companies expected to post half year results while Rio Tinto is slated to release full year results. In Australia, the market on Wednesday finished weaker because of disappointing company results and continued commodity price weakness.

The benchmark S&P/ASX200 index was down 31.5 points, or 0.54 per cent, at 5,769.1. The broader All Ordinaries index was down 25.7 points, or 0.45 per cent, at 5,731.7.

The Australian dollar has followed global share markets lower as investors nervously await the outcome of the meeting.

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