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2 weeks ago General
The Australian dollar is receiving a boost from the increased odds of the Reserve Bank (RBA) lifting interest rates again, potentially as soon as September.
The local currency is at its highest level in months against the US dollar, British pound and Euro — and has surged to its highest level against the Japanese yen since September 1990.
Meanwhile, solid gains from banks, miners and tech companies helped the ASX 200 rebound from its losses in recent days.
Virgin Australia shares fell, despite reporting its annual profit rose 4.7 per cent to $501.2 million.
Presented by David Chau.
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Read more here: https://www.abc.net.au/news/2026-08-28/asx-markets-business-news-live-updates/107087998
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