Finance and retail stock drive share market gains, but Aussie dollar loses ground

The local share market has risen despite falls for other key markets around the globe, but it has been a different story for the Australian dollar.

Having risen a full cent against the greenback yesterday after the release of official inflation data, the local currency has lost all that ground and more.
Most of the fall came as local currency traders clocked on this morning, though the Aussie slipped further this afternoon to around 78.7 US cents at 5:00pm (AEDT).
The stock market began today's session lower after significant overnight losses on Wall Street, but bounced back despite similar falls on Asian markets.
The All Ordinaries index closed up 16 points or 0.3 per cent at 5,532.

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