The Australian dollar is lower as the US dollar gains ground on the back of expectations that a June rate hike by the US Federal Reserve is still possible.
The Australian share market clawed back its early losses to finish with gains on the back of positive news around iron ore and the banks' profit results due next week.
The Australian dollar is lower following better-than-expected US economic data as traders look ahead to next week's Reserve Bank of Australia board meeting.
Wall Street stocks have fallen sharply as earnings from online listings company Yelp and others disappointed while US data showed only modest growth in consumer spending.
Sandfire Resources has dropped Federal Court proceedings against the research body at the centre of the Australian National University’s controversial divestment action late last year, following an admission the researchers failed to meet their own standards.
The Australian dollar has again broken past US80 cents, buoyed by weak US economic data and a Federal Reserve meeting that contained no major surprises.
The share market has fallen nearly 2 per cent, with a rapidly rising Australian dollar and profit taking by Japan-based foreign investors believed to be responsible.
Corporate and financial communication firms, Citadel PR and Magnus Investor Relations, have entered into an agreement to combine their businesses to form a significant independent national player.
US stocks have finished mostly higher but Apple's sell-off left the Nasdaq in the red and NYSE-traded Twitter's unintentional early earnings release held back overall gains.
Shares in local gold miners have dominated on the ASX today after the spot price for the precious metal jumped by over 2 per cent overnight to $US1,203.30 an ounce
People leaving the workforce now have got it much tougher than those who left a decade ago and will need to take a lot more risk in order to fund their retirement, the head of the Reserve Bank says.
US stocks have posted solid gains following a big jump in US existing-home sales and a mixed bag of earnings reports from Boeing, McDonald's and others.