Australian dollar declines

dollar14The Australian dollar is lower after US stocks tumbled as political stability in Italy sparked caution among investors.

At 0635 AEST on Wednesday, the local currency was worth 75.06 US cents, down from 75.35 US cents on Tuesday.

Italy has been unable to assemble a coalition government after its elections in March, which saw the rise of anti-establishment parties that support leaving the euro, which may result in another round of elections.

One Australian dollar buys 81.57 Japanese yen, from 82.06 yen and 65.07 euro cents, from 64.96 euro cents.


Access exclusive analysis, locked news and reports with Inside Retail Weekly. Subscribe today and get our premium print publication delivered to your door every week.



Comment Manually


Winning Appliances officially opened its store in Chadstone shopping centre this week, with three bespoke, built-in…

1 day ago

Less than 4 days away, Inside Retail Live is back w/ an amazing speaker line-up & an all new choose your own advent…

2 days ago

David Jones' comp store sales were down 0.5 per cent in the first half of FY20, the department store revealed this…

2 days ago