The Bitcoin price is surging as banks across the world are tightening their regulations to restrict its use as a currency.Bitcoin, an online currency, surged above $10,000 for the first time on Tuesday, up more than 5 per cent from Wednesday's close.The cryptocurrency has risen more than 25 per cent this year.Its price soared above $1,000 on Monday after a string of large price rises and a new rul...
The Australian Stock Exchange (ASX) is closing out a day full of volatility in the financial markets with the closing of the open market on Monday.
As of 3:00am local time, the ASX had closed its trading session with a total of 531,500 shares out of an open market volume of 542.9 million shares.
The closing of trading will take place between 6:00pm and 6:10pm local time.
The market closed at 531.9m, or 6:15am local.
At 6:12pm local, the Australian dollar hit a record low of 76.00 cents.
On Monday, the Reserve Bank of Australia announced it was keeping interest rates at record lows until 2020.
It is also expected to announce new monetary policy measures, which would see the Australian government keep inflation low.
Topics:markets,market-and-markets,currency,financial-market,industry,markets,australiaFirst posted September 09, 2019 13:51:08Contact Mark Taylor