ASX closes above 6500 in late rally

The Australian dollar is trading very close to three-year lows. It is currently at US68.72 cents as the market prices in the increased likelihood of a rate cut in June. The dollar got down to US68.46.

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The benchmark S&P/ASX200 index closed up 24 points, or 0.37 per cent, to 6,500.1 points at 1615 AEST on Tuesday, while the broader All Ordinaries was up 19.7 points, or 0.3 per cent, to 6,584.4. The banking sector was the biggest gainer, up 1.71 per cent, after the Reserve Bank of Australia indicated it would likely cut interest rates, possibly as soon as June.

Soothing comments on trade by the Chinese Commerce Ministry late yesterday in Asia saw wall street stocks. south korea is expected to remain unchanged at 1.50% at 0900 SGT, but it will be a.

The benchmark S&P/ASX 200 index gained 10 points, or 0.2 per cent, to end the day at 5916, while the broader All Ordinaries Index rose 9 points, or 0.2 per cent, to 5982. A late rally saw the ASX.

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Australia: S&P/ASX 200 (.AXJO) unable to take a positive lead from Brexit developments, late rally Australian shares rallied late to end a four-day losing streak on Thursday as the market digested the latest Brexit vote results and Chinese economic data. The S&P/ASX 200 Index rose 18.4 points, or 0.3 per cent, to 6179.6 while the [.]

National Australia Bank Ltd. (ASX:NAB) senior FX strategist Rodrigo Catril said a late rally by the local currency was supported by solid manufacturing data and positive European responses to the Santos takeover offer, as well as a weakening US dollar. At 1700 AEST, the Aussie was worth 77.04 US cents, up from 76.79 US cents on Thursday.

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The benchmark S&P/ASX200 index closed up 24 points, or 0.37 per cent, to 6,500.1 points at 1615 AEST on Tuesday, while the broader All Ordinaries was up 24 points, or 0.37 per cent, to 6,584.4. The.

The benchmark S&P/ASX200 index closed up 24 points. from 69.26 US cents on Monday. ON THE ASX: * The benchmark S&P/ASX200 index was up 24 points, or 0.37 per cent, to 6,500.1 points at 1630 AEST on.