Well, despite the Reserve Bank mentioning that the Australian dollar is at historically high levels, it did rise a little against the greenback. Right now, it’s buying 92.8 US cents if we take a check of that graphic. 

 

And if we turn to the Australian share market. It’s making modest gains by the end of the session, adding a 1/5 of a percent by the close. Turning to the US, and Wall Street closed slightly higher after a pickup in some economic data lifted sentiment. 

 

David Jones has delivered a strong third quarter sales result. DJ says sales grew by 4.1% from the same time last year. The result was, however, overshadowed by news that the foreign investment review board has approved a takeover bid for the retailer. South African company Woolworth last month made a tilt for David Jones, valuing the company 2.2 billion dollars. DJ’s board has / recommended the four-dollar-a-share offer. Well, to the market reaction, and David Jones shares and its rival Myer headed higher by the close. BHP Billiton was a little stronger.