The AUD nears one-year high against the US | Google parent company valued at $3 trillion USD

The biggest market moving event of the week will be the US Federal Reserve meeting on interest rates.

Expectations chair Jerome Powell will announce a cut on Thursday morning has weakened the greenback, and in turn strengthened the Aussie in recent weeks.

Plus, tech giant Alphabet reached a milestone.

The Google owner, joining only a small group of companies valued more than 3- trillion US dollars on the US share market.

00:00 The Australian dollar is near a one-year high against the US.
00:50 Tech giant Alphabet reached a milestone.
01:55 Interest rates also expected to fall in Australia despite mixed news about the economy.
03:33 The federal government releases its climate targets this week amidst fears one million homes could be considered at “high risk” by 2050.

SBS News is Australia’s trusted news source for the latest news from Australia and across the world.

Subscribe to the SBS News YouTube channel: https://www.youtube.com/@SBSNews
Follow SBS News on Instagram: https://www.instagram.com/sbsnews_au
Follow SBS News on TikTok: https://www.tiktok.com/@sbsnews_au
Follow SBS News on X: https://www.twitter.com/SBSNews
Follow SBS News on Facebook: https://www.facebook.com/sbsnews
Apple News: https://trib.al/MTx0gUe

For the latest news, visit www.sbs.com.au/news

Network Terms & Conditions: https://sbs.com.au/terms
Privacy Policy: target=”_blank” rel=”nofollow”>https://sbs.com.au/privacy
Feedback or complaints: https://sbs.com.au/complaints