World finance :: Banking, Economic & Money

Dollar bucks trend rises against greenback

THE Australian dollar has bucked the trend and risen against the greenback. At 0700 AEDT on Monday, the local unit was trading at 76.34 US cents, up from 75.77 cents on Friday.

Westpac senior market strategist Imre Speizer said the US dollar rose strongly against most major currencies after US Federal Reserve chair Janet Yellen hinted that the worlds biggest economy could be allowed to heat.

However, he said, the Australian dollar had outperformed without providing a specific reason.

Momentum is starting to switch to positive, the immediate target 76.90 US cents, he said in a note.

While further gains to around 77 US cents are possible during the month ahead, driven in part by the faltering US dollar and yield-chasing flows, the Australian dollar is losing energy (perhaps a reflection of its declining yield advantage).


One Australian dollar buys:

* 76.34 US cents, from 75.77 cents on Friday

* 79.58 Japanese yen, from 78.83 yen

* 69.55 euro cents, from 68.73 euro cents

* 62.82 British pence, from 62.10 British pence

* 107.50 New Zealand cents, from 106.77 NZ cents

(* Currency closes taken at 1700 AEDT previous local session)

Is this australias luckiest lotto outlet

ANOTHER draw, another big win for this little lotto shop in Melbourne’s western suburbs.

Target Lotto in Hoppers Crossing was one of five Victorian stores to sell a winning ticket in TattsLottos $30 million megadraw on Saturday night.

But the $2 million prize won by an unknown ticketholder is 40 just the latest in a string of windfalls.

The Old Geelong Rd agency has delivered six Division 1 winners in 20 months, for a total of more than $7 million, the Wyndham Leader reports.

According to owner Carlo Addamo, his store has sold 31 first-prize tickets in two decades.

Its unbelievable, Mr Addamo said.

Were definitely regarded as the lucky shop around here. I get just as excited as the winner except without the money.

Previous highlights include a $9 million Powerball jackpot in 2008, and two unrelated Division 1-winning tickets in the same draw in 2014.

Tatts spokeswoman Elissa Lewis did not have figures for the success of individual agencies but said Hoppers Crossing regularly produced winners.

We often see that postcode coming up, she said.

Fifteen ticketholders willshare the weekends first-division $30 million prize.

An even bigger prize is on offer on Thursday, with a $70 million Powerball jackpot.