Australian Market is on Losing Spree Today

• The Australian market opened lower today and it lost 9.8 points, or 0.2 per cent, to 5133.8, while the broader All Ordinaries is down 8.7 points, or 0.2 per cent, to 5137.5. ASX 200 is on track for a fifth straight day of losses.

•  Losses are being led by the materials sector, down 0.7 per cent, while financials are flat and consumer staples down 0.5 per cent.

• The Australian dollar (AUD) is continuously trading at a generally higher range today than  over the past two days. The dollar was buying 91.31 US cents about 1:40 PM. It rose above 97 US cents in late October. Presently, it is trading at 91.33 US cents.

ASX 200 Tips