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AAP
AAP
Business
Derek Rose

Dollar hits 19-month high, miners gain as banks fall

China United States IG David Bassanese RBA Reserve Bank
The Aussie dollar climbed above 69 US cents for the first time since February 2023 before dipping. (Joel Carrett/AAP PHOTOS)

The local share market has finished slightly lower amid signs traders were selling Australian banking stocks at multi-year highs to move into the beaten-down mining sector

Significant stimulus measures enacted this week by China were behind the boost to the major miners, as the liquidity injections into the world's second-biggest economy sent metals prices soaring.

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