InvestSMART

Aust dollar rallies in early trade

Local currency recovers from fall sparked by fears of a slow down in China.
By · 19 Jul 2013
By ·
19 Jul 2013
comments Comments
Upsell Banner

The Australian dollar is higher, recovering from a fall sparked by comments from the Chinese finance minister who said China was unlikely to receive a massive stimulus this year.

At 0630 AEST, the local unit was trading at 91.69 US cents, up from 91.52 cents yesterday.

The statement from minister Lou Jiwei said "large-scale fiscal stimulus" measures wouldn't be used this year, which re-awakened fears of a slow down in Australia's main trading partner.

Share this article and show your support
Free Membership
Free Membership
AAP
AAP
Keep on reading more articles from AAP. See more articles
Join the conversation
Join the conversation...
There are comments posted so far. Join the conversation, please login or Sign up.