Australian Economy

US dollar hits parity with euro, RBNZ to lift cash rate, ASX dips

Australian shares have started the day lower after world stocks traded mixed while oil prices dipped. 

The ASX 200 was down 13 points or 0.2 per cent at 6,594, by 10:26am AEST.

At the same time, the Australian dollar was down at 67.44 US cents.

Academic (+1.6pc) and industrials (+1.5pc) sectors were leading the gain at open, while energy (-2.1pc) and basic materials (-1.2pc) were the biggest laggards. 

Nononix lost 3.7 per cent, Alumina shed 2.8 per cent and Woodside Energy dropped 2.8 per cent.

The Reserve Bank of New Zealand (RBNZ) is widely expected to raise rates by half a percentage point later today.

Posted , updated 

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