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Australia shares gain as U S infrastructure bill raises recovery hopes
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Forex: Dollar down, antipodeans up
AUD and NZD were hands down the strongest currencies, with both majors rising over 1%, whilst CHF and USD were the weakest. The New Zealand dollar dominated the leader board, taking top spot against JPY, CAD, USD, CHF, EUR and GBP. The US dollar index (DXY) fell to a one-month low and our initial target around the 91.30 lows remains intact. EUR/USD is just 20 pips below the 1.2000 barrier after closing to a one-month high.
The Australian dollar was mostly higher against its peers (barring NZD) and is in a firm position ahead of today’s employment data.
Webjet (ASX:WEB) share price falls on $250m recovery-readying offer
Mitchell Lawler | April 1, 2021 11:37am |
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Webjet Ltd(ASX: WEB) share price has dumped this morning after the digital travel company announced its plans to raise $250 million through a convertible note offering. At the time of writing, the Webjet share price is down 4.66% to $5.32 per share.
Additionally, the downward movement comes after Queensland Premier Annastacia Palaszczuk announced the lifting of lockdown across the Greater Brisbane region at noon today.
Positioning for success
As hopes rise of a return to some level of normalcy, Webjet doesn’t want to be underprepared for the situation. Although Australia’s COVID-19 vaccine rollout is behind schedule, the good news is
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