The People’s Bank of China (PBOC) on Sunday cut the amount of cash that banks must hold as reserves (RRR) in the latest attempt to help spur bank lending and combat slowing growth. The Aussie dollar briefly touched a near one-month high of $0.7844, rising from around $0.7785 late in New York on Friday. It […]
AUD/USD Rallies to Above 0.78 on China’s RRR Cut Read More »
Today I was interviewed by Carson Scott on Trading Day, Sky Business channel on the Australian market, the ASX200, gold, oil and the Australian dollar. Specifically I was asked about the significance of the current 600 level with the ASX200. I talked about the level becoming more significant as time goes on and for as
Talking ASX Live on Sky Business Read More »
The chance of a Reserve Bank interest rate cut in May has been thrown into doubt after Australia’s unemployment rate unexpectedly plummeted to 6.1 per cent. The fall was driven by a surprisingly strong gain in jobs, taking economists by surprise amid expectations unemployment would have remained steady at 6.3 per cent in March. The
Rate Cut Less Likely after Jobs Data Read More »
The Australian economy added more jobs than expected in March, pushing the unemployment rate lower and easing pressure on the central bank to reduce interest rates further. Australia’s economy added 37,700 jobs in March, above expectations for the addition of 15,000 jobs in a Reuters poll. That consisted of a 31,500 increase in full-time employment
Pressure off RBA as Australian Unemployment Drops to 6.1% Read More »
