Falling petrol prices are expected to have kept inflation at record lows at the start of the year, increasing the chance of a Reserve Bank interest rate cut. The consumer price index is forecast to have stayed at a 0.2 per cent pace for the second quarter in a row in the March quarter, the …
Low Inflation Might Allow for a More Aggressive RBA Read More »
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 …
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 …
