Currency Update: The AUD dropped a cent against the USD yesterday after unemployment was reported to be at a 10 year high of 6.0%

Bell Potter

Stockbroker

Currency Update: The AUD dropped a cent against the USD yesterday after unemployment was reported to be at a 10 year high of 6.0%. The AUD touched a low of 0.8928 but has since rallied back up to current levels of 0.8990 following USD weakness after disappointing retail sales data. RBA Assistant Governor (Economic) Christopher Kent speaks today on the resources boom and AUD this morning, and Chinese CPI and PPI. US equity markets finished the session higher, erasing the early losses which followed the poor retail sales data, which saw the USD fall against the GBP, EUR and JPY. The market was buoyed by Comcast's $45bn deal for Time Warner and some good corporate earnings figures. Tonight markets will be looking towards GDP data from France, Germany and the Eurozone as a whole.


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Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.

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