Aussie gains as RBA keeps quiet on unit's strength
London
AUSTRALIA'S dollar was the biggest gainer among major currencies as US and European traders returned from summer holidays on Tuesday, jumping almost one per cent after the country's central bank said little on its 10 per cent rise since January.
The dollar, euro and yen were all trading in tight ranges after a surge for the yen on the back of comments by Bank of Japan (BOJ) governor Haruhiko Kuroda which acknowledged the problems created by running negative interest rates.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Huawei’s new phone sports latest version of made-in-China chip
Meta’s earnings flop sparks US$400 billion sell-off in tech stocks
Singapore shares open lower on Friday; STI down 0.1%
OUE wins tender to lease, develop new ‘zero-energy’ hotel at Changi Airport’s T2
Roku’s warning on ad-supported streaming competition clouds upbeat earnings
Stocks to watch: CLI, Great Eastern, MIT, Sheng Siong, iFast, OUE, Far East Orchard