The Australian dollar seems to have settled in the last month or so trading around the key 0.75 level. The AUD/USD is currently trading right around 0.7520 (as I write this). The ASX200 continues to steadily climb higher and has enjoyed a strong July. AUD/USD The Australian dollar has moved to just near 0.7650 twice …
AUD/USD Settles And ASX200 Climbs – Market Update Read More »
The Reserve Bank of Australia has left the door open to a further cut in interest rates next month, saying it will review this month’s inflation, housing and employment data to assess whether a change in policy is needed. In minutes of its July 5 board meeting, when official interest rates were left unchanged at …
Australia’s central bank held interest rates steady for a 10th straight policy meeting on Tuesday, citing evidence of continued growth at home despite an unhelpful rise in the local dollar. Bucking the worldwide charge toward negative rates, the Reserve Bank of Australia (RBA) kept its cash rate at 2 percent in a widely expected decision. …
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 …
