Australian Dollar flat
At 0700 AEST on Thursday, the local unit was trading at 76.53 US cents, down from 76.54 cents on Wednesday.
“The US dollar has found a bit of wind after tumbling away in recent trading sessions,” Bank of New Zealand currency strategist Jason Wong said.
He said the Aussie was also consolidating after some big gains.
“It had a huge run, just over 77 US cents was its peak. So, now there’s possibly a bit of profit taking,” he said.
Wong said a strong number from local employment figures, due out Thursday, could give the Aussie a lift. Jobs growth is tipped to have picked up pace after stalling for months, but the unemployment rate is unlikely to improve.
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.
The worst case scenario for many retailers came to fruition on Monday afternoon, when Victorian Premier Daniel Andr… https://t.co/zyRB162Yip17 hours ago
Retail in Melbourne to be forced to close from 11:59pm this Wednesday. Contactless click-and-collect and online del… https://t.co/8um79lnp762 days ago