The Australian dollar moved slightly lower overnight despite the release of weak US housing construction data. At 6. 30am (AEST), the local currency was trading at US93. 55c, down from US93. 71c yesterday.
Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report.
The tragedy set off alarm bells about escalating tensions in the region and led investors to seek out traditional safe haven assets, including gold and the US dollar.
Read more here: Business Spectator