Australian dollar falls
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The Australian dollar is slightly lower as the US dollar flattens out after suffering three consecutive days of falls.
At 0635 AEST on Wednesday, the local currency was worth 76.84 US cents, down from 77.04 US cents on Tuesday.
The major US stock indexes were up over one per cent, after falling down to levels where buying automatically kicks in, and copper prices hit a one-week high shrugging off worries about a trade dispute between China and the US.
However the Australian dollar has come under some pressure from the US dollar, which is steadying after falling for three straight days.
Questions & Answers
Q.What was the Australian dollar's value against the US dollar on Wednesday morning?
What was the Australian dollar's value against the US dollar on Wednesday morning?
At 0635 AEST on Wednesday, the Australian dollar was worth 76.84 US cents. This represented a slight fall compared to the previous day's value.
Q.How did the US dollar's performance affect the Australian dollar?
How did the US dollar's performance affect the Australian dollar?
The Australian dollar came under some pressure from the US dollar. The US dollar was steadying after experiencing three consecutive days of falls.
Q.Were there any positive market movements mentioned in the article?
Were there any positive market movements mentioned in the article?
Yes, major US stock indexes were up over one per cent, and copper prices reached a one-week high. This happened despite concerns about a trade dispute.
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