Economists expect the Reserve Bank of Australia to keep interest rates on hold this week, but some are still expecting a rate cut on federal budget day in May if rates stay on hold in the United States. A Fairfax Media survey of 12 senior bank and market economists found they were unanimous that the […]
RBA Expected to Sit Despite Stronger A$ Read More »
The Australian dollar continues to climb, reaching a nine month high above 0.77 yesterday. The AUD/USD is currently trading right around 0.7650 (as I write this) after being around 0.77 earlier today. China Manufacturing Grows First Time Since June 2015 The ASX200 continues to ease and has almost closed back down below 5000 again. AUD/USD
Australian Dollar is Cruising – Market Update Read More »
The Australian dollar rose toward a nine-month high after a report showed manufacturing unexpectedly expanded for the time since June in China, the South Pacific nation’s biggest trading partner. The Aussie extended gains against major peers after data earlier showed Australian manufacturing jumped to the highest since 2004. Supplying raw materials for China’s industrial activity
AUD/USD Above 0.7650 as China Manufacturing Grows First Time Since June 2015 Read More »
The Reserve Bank of Australia’s attempts to talk the local currency lower last year prompted criticism from the US Treasury. The US representative office at the International Monetary Fund in September “expressed concern over the authorities’ public statements on the desired direction of the exchange rate” during consultations on Australia, according to a report issued
US Treasury Critical of RBA Talk Read More »
