Australia markets closed

Yahoo Finance's morning wrap for Tuesday

It's all happening this morning in finance. (Images: Getty)

Good morning.

Markets: Wall Street rose to trade just below historic highs overnight, as the markets anticipated a preliminary trade deal between the US and China. The Australian market is expected to follow, with SPI200 futures up 0.32 per cent at 7am AEDT. 

The Australian dollar is buying 69.06 US cents this morning, down from 69.15 US cents on Monday.

Currency exchange retailer Travelex's nightmare will not end. The company was forced to shut down its systems on December 31 after finding a virus had infected it. Later it found ransomware was holding it hostage. The crisis is now in its third week, with staff forced to use pen and paper to keep records and no corporate website available.

Comedian Celeste Barber's bushfire appeal is now the largest in Facebook's history. More than $50 million has been raised so far for the NSW Rural Fire Service – check out what was the previous record-holder.

Meanwhile Australia's economic outlook has been pummelled because of the fires and the ongoing drought. Analysts have downgraded growth forecasts as nature takes its toll. And this is how the bushfires will affect the price and availability of what we eat and wear.

The Reserve Bank has denied its part of government conspiracy. The organisation was forced to defend itself as the debate over the proposed ban on cash transactions over $10,000 heats up. 

Have a great day!

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