Australian dollar continues to climb, Shares higher on Wall Street gains: Economy Roundup

The upwards march of the Australian dollar continued to day, with higher commodity prices pushing the local currency up to US85.6c in early trade. The dollar, which is being helped by a falling US dollar, upwards pressure on Australian interest rates and improved commodity prices, has now climbed from around US65c over the last 12 […]

James Thomson 11 September, 2009

The upwards march of the Australian dollar continued to day, with higher commodity prices pushing the local currency up to US85.6c in early trade.

The dollar, which is being helped by a falling US dollar, upwards pressure on Australian interest rates and improved commodity prices, has now climbed from around US65c over the last 12 months.

Today, currency traders will be closely watching a raft of economic data from the Chinese Government, including year-on-year retail sales, producer price index, trade balance numbers and industrial production figures.

About the author

James Thomson

James was the editor and publisher of SmartCompany and LeadingCompany for five years. He is now the Australian Financial Review‘s companies & markets editor, and a former BRW editor.