Australian dollar hits new 23-year high

The Australian dollar hit another 23-year high in overnight trade, briefly reaching 90.61 US cents at 2.57am AEST for the first time since June 1984. The Australian share market closed at fresh peaks again yesterday, ignoring a largely negative lead from the US after global miners BHP Billiton and Rio Tinto and other resources stocks headed higher. In other good news, Australia’s unemployment rate has fallen to a 33-year low of 4.2 per cent, giving the Howard Government further scope to campaign on its success in creating jobs. Realestate.com.au has expanded into its ninth overseas market by paying $1.1 million for a majority stake in a Dubai real estate publisher. Sol Trujillo might consider a move to Dubai, or anywhere except Australia after a Federal Court judge questioned Telstra’s motivation in launching legal action against Communications Minister Helen Coonan.

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Dollar hits new 23-year high
The Australian dollar hit another 23-year high in overnight trade, briefly reaching 90.61 US cents at 2.57am AEST for the first time since June 1984.

Unemployment at 33-year low
AUSTRALIA’S unemployment rate has fallen to a 33-year low of 4.2 per cent, giving the Howard Government further scope to campaign on its success in creating jobs.

Australian group buys into Dubai
REALESTATE.COM.AU has expanded into its ninth overseas market by paying $1.1 million for a majority stake in a Dubai real estate publisher.

Judge questions Telstra’s legal motives
A FEDERAL Court judge has questioned Telstra’s motivation in launching legal action against Communications Minister Helen Coonan.

Aussie stocks record close driven by resources
The Australian share market closed at fresh peaks again today, ignoring a largely negative lead from the US after global miners BHP Billiton and Rio Tinto and other resources stocks headed higher.

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Overnight Market News