Aust dollar lifts sharply
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}
{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Verify your email address by clicking on the link we sent to {{user.Email}}
- You now have free access, we look forward to helping you on your financial journey.
The Australian dollar has bounced on the news that former United States treasury secretary Larry Summers has withdrawn from the race to succeed Ben Bernanke as Federal Reserve chief.
At 0700 AEST, the local unit was trading at 93.32 US cents, up close to a dollar from 92.38 on Friday.
The Australian dollar rallied on Monday morning as US President Barack Obama confirmed he had accepted Mr Summers' decision to withdraw his candidacy to become the next Fed chairman.
Mr Summers had been the leading candidate to replace Dr Bernanke but faced opposition from some Democrats.
His withdrawal means the Fed will be less likely to wind back its economic stimulus program quickly, which is bad news for the US dollar and good news for the Australian dollar, said ANZ senior manager FX in Auckland Sam Tuck.
"Mr Summers was considered to be the more hawkish of the two potential candidates that we know about. The other candidate being Janet Yellen, who stands much more for status quo and a slowed exit from monetary policy stimulus," Mr Tuck said.
"As the US data continued to improve, Mr Summers would be considered to be much more likely to remove the stimulus quicker.
"The fact that he has pulled out would suggest we are less likely to have a quick exit from monetary policy stimulus in the US."
Call 1300 880 160
Start a chat
Schedule a call
