The Australian dollar has crept higher against its US counterpart, hitting 80 US cents, as the US dollar slides around, most other major currencies tread water but commodity currencies slip.
Oil prices have risen to two-month highs, ending the strongest month of the year for crude futures, boosted in part by expectations of US sanctions against Venezuela's oil sector and as supply concerns have waned in recent weeks.
Gold has hit its highest in almost seven weeks, boosted by a struggling dollar and US economic data that cast doubt on whether the Federal Reserve will raise rates again this year.
The Australian share market has closed higher, led by mining and energy stocks, as investors took confidence from offshore markets ahead of the start of the local reporting season.
Perth-based Decmil Group has cut its full-year revenue forecast for the second time in six months and foreshadowed a trading loss in the second-half of the 2017 financial year, along with further impairments.
The Australian share market has slid in early trade, with investors turning cautious after a mixed lead from Wall Street and ahead of the start of the corporate earnings reporting season.
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Oil prices have risen to an eight-week high, as a rally in US petrol futures spurred further gains this week that came after key OPEC members pledged to reduce exports and the US government reported a sharp decline in crude inventories.
Gold has fallen from a six-week high, pressured by the US dollar's bounce on solid US economic data and as traders digested the Federal Reserve's Wednesday statement that showed it was closer to paring its balance sheet.
The Australian dollar has soared passed 80 US cents for the first time in over two years as diminished expectations for rate hikes in the US dented the greenback. The share market also rose as stronger iron ore and copper prices boosted mining stocks.
The Australian dollar has strongly rebounded against the greenback, hitting 80.06 US cents, on the back of a collapse in the US dollar, while the local share market has opened higher.
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Oil prices have risen to near eight-week highs, with Brent crude futures above $US50 a barrel, as a much steeper than expected decline in US inventories encouraged hopes the global crude glut would recede.
Gold has jumped 1 per cent to a six-week high on Wednesday, after the US Federal Reserve said it would start to wind down its massive holdings of bonds "relatively soon," pushing the dollar lower.
Canavan’s arrivederci to Turnbull ministryNationals senator and Minister for Resources and Northern Australia Matt Canavan has resigned from cabinet after discovering h
Oil rose 3.3 per cent on Tuesday to the highest close in more than a month, a day after US oil producer Anadarko said it would cut capital spending plans and Saudi Arabia vowed to reduce crude exports to help curb global oversupply.
Fleetwood Corporation has adopted a new constitution that will make it easier for it to pay dividends, after pressure was applied by an activist shareholder group earlier this year.
The Australian share market has closed higher as bargain-hunting investors ignored a mixed lead from US markets and lifted most stocks across the board.
The Australian share market has lifted in early trade, bouncing back from its previous session's losses, with investors also shrugging off mixed results on Wall Street overnight.
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Oil has risen more than 1 per cent, after leading OPEC producer Saudi Arabia pledged to cut exports in August to help reduce the global crude glut, and Halliburton Co's executive chairman said the US shale drilling boom would probably ease next year.
Gold prices have pared gains as the US dollar has turned slightly higher, after bullion rose to a one-month high as political turmoil in the United States boosted sentiment ahead of a Federal Reserve monetary policy meeting this week.
The Australian share market has opened sharply lower, dragged down by the big four banks and the energy sector on the back of a steep slump in commodity prices.
