AU Dollar down as fiscal fears outweigh fresh hope
The Australian dollar is almost half a US cent lower as worries about the
The local unit is trading at $US1.0416, down from $US1.0463 yesterday.
An initial bout of optimism after Barack Obama's election win pushed the Australian dollar to an eight-week high of $US1.0482 last night.
BK Asset Management managing director Kathy Lien said the sharp
"While Americans are excited about having President Obama for a second term, his policies are less business-friendly and would hurt the financial markets more than help it, due to the prospect of higher taxes," she said from New York.
"The president's first task will be to deal with the fiscal cliff and it won't be made any easier with Republicans continuing to control the House and Democrats controlling the Senate." The so-called fiscal cliff is the simultaneous expiry of tax and spending cuts due at the end of 2012, which could push the
Ms Lien said US stocks and the Australian dollar were also lower after European Central Bank president Mario Draghi said the region's economic slowdown has reached
"That is a big deal because we have an ECB meeting on Thursday, and that would mean we won't see any positive comments from the central bank," she said.
Ms Lien said the release of Australian employment figures for October today was likely to be overshadowed by the ECB meeting.She said she expected the Australian dollar to trade in a range between 103.70 US cents and 104.20 cents.
兩個老大哥攜手！Air Max 1 和 Air Max 90 真的合體瞭！
Nike 官網每天為大家帶來全新潮流系列單品，為您的生活添加更多的色彩，為您的生活充滿活力，讓你每天不重複，精彩的人生從現...13 小時前
今年Virgil Abloh x Nike改玩色彩系？新款淡紫Air Max 97 OG你怎麼看？
Nike 官網每天為大家帶來全新潮流系列單品，為您的生活添加更多的色彩，為您的生活充滿活力，讓你每天不重複，精彩的人生從現在開始，...13 小時前
樹仁基金會第十屆「我畫我話」跨國際領域精品聯展 讓更多人看見善 收藏美並傳遞愛
圖: 「我畫我話」跨國際領域精品聯展 (記者雨萱報導)9/19-10/30在台北市中山堂三樓茶坊、四樓藝文沙龍舉辦的『我畫我話』...4 小時前