It was a volatile month for the Australian share market, with the All-Ordinaries index falling 1.1% for the month and closing at 7,373.3 points. The Australian Dollar was marginally weaker falling by 0.8% for the month, with 1 Australian Dollar buying 66.9 United States cents.
The Australian share market retreated in value in February, with the All-Ordinaries index falling 3.0% for the month, closing at 7,458.0 points. The Australian Dollar was also weaker falling 4.5% for the month, with 1 Australian Dollar buying 67.43 United States cents.
The Australian share market had a fast start to 2023, with the All-Ordinaries index gaining 6.4% for the month of January (closing at 7,686.1 points). The Australian Dollar was also strengthened by 4.3%, with 1 Australian Dollar buying 70.59 United States cents.
The Australian share market gave back some of its recent gains in December, with the All-Ordinaries index falling by 3.5% for the month (closing at 7,221.7 points). For the 2022 calendar year the All-Ordinaries index (excluding dividends) fell by 7.2% - marking the 5th calendar year of negative returns over the past 13 years.
Investment markets continued to recover in value on the back of news that inflation may have peaked. The Australian share market as measured by the All-Ordinaries index gained 6.0% for the month (after gaining 5.6% in October), and closed for November at 7,480.7 points.
The Australian Dollar rallied by 5.7% in November, with 1 Australian Dollar currently buying 67.67 United States cents.
Renewed hopes that the United States Federal Reserve was close to a “pivot” on policy tightening (and that they would signal a slower pace of interest rate increases) sparked a rally in United States and Australian share market values in the month of October.
Continued hawkish actions from the United States Federal Reserve again weighed on global share and bond markets in September, along with an ill-judged very stimulatory United Kingdom budget not helping fragile global sentiment.
The Australian share market posted a small gain in the month of August, increasing by 0.7%, with the All-Ordinaries index closing at 7,226.1 points. The Australian Dollar fell by 2.2% in the month, with 1 Australian Dollar currently buying 68.4 United States cents.
The Australian share market recovered some of its recent losses in the month of July, gaining 6.3% for the month, with the All-Ordinaries index closing at 7,173.8 points. The Australian Dollar firmed 1.3%, with 1 Australian Dollar currently buying 69.9 United States cents.
The Australian share market closed sharply lower in June, falling 9.5% for the month, with the All-Ordinaries index closing at 6,745.5 points. With the June result, the Australian share market closed the financial year down 11.1%. The Australian Dollar also fell 3.9% for the month, with 1 Australian Dollar currently buying 69.0 United States cents.