Australian dollar gains

Australian one hundred dollar bills.The Australian dollar has gained against the greenback after US Federal Reserve governor Lael Brainard expressed concerns over continuing soft inflation.

At 0630 AEST on Wednesday, the local unit was worth 74.67 US cents, up from 74.38 US cents on Tuesday.

The move came after Ms Brainard said soft inflation may yet make her reassess monetary policy.

Brainard added she still anticipates a US rate rise soon.

The local currency was stronger against the yen, but down against the strengthening euro.

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.

Comments

Comment Manually

Twitter

The worst case scenario for many retailers came to fruition on Monday afternoon, when Victorian Premier Daniel Andr… https://t.co/zyRB162Yip

8 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/8um79lnp76

1 day ago

Macca's stores around the world are getting a makeover. We go behind the scenes with the design agency that created… https://t.co/1lEOwd3dPE

1 day ago