The Australian market has opened lower following falls in US stocks after the Federal Reserve hinted at when it may start to unwind its stimulus program.
The Australian market has opened lower following falls in US stocks after the Federal Reserve hinted at when it may start to unwind its stimulus program.
The Australian dollar has recovered somewhat after dipping to a three-week low following the US Federal Reserve's announcement it will keep its aggressive economic stimulus program in place for now.
US stocks have closed lower after the US Federal Reserve maintained an aggressive monetary stimulus program and reiterated that it will await stronger economic conditions before scaling it back.
The Dow and S&P 500 has closed at fresh all-time highs one day before a US Federal Reserve decision that is expected to maintain aggressive monetary stimulus.
The Australian dollar has fallen below 95 US cents for the first time in three weeks after Reserve Bank of Australia boss said the persistently high currency would eventually get weaker.
Perth-based stockbroking firm Hartleys has largely maintained its profitability in challenging conditions - a feat that few, if any, of its competitors managed to achieve in the 2013 financial year
The Australian share market has opened higher with investors confident the US central bank will continue its economic stimulus program following weaker-than-expected jobs figures.
The federal government is giving the Reserve Bank of Australia $8.8 billion to strengthen its ability to implement monetary policy and foreign exchange operations.