The Australian share market is continuing its upwards trajectory as a prominent business survey shows confidence is rebounding.
At 11:30am AEDT, the ASX 200 was up 0.6 per cent to 6,783 points.
That is after the benchmark index closed 0.4 per cent higher on Monday.
Stocks were boosted by the local currency trading down at 76.60 US cents.
CBA analysts are predicting the Australian dollar will slump further.
“The risk in the near term is that AUD moves nearer our end-March forecast of 0.76,” they said.
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Read the full article at: https://www.abc.net.au/news/2021-03-09/asx-sharemarket-9-march-2020/13228816
