The Australian dollar has surged to a two-month, continuing to defy efforts by the Reserve Bank to talk it down. At 0630 AEDT on Tuesday, the local unit was trading at 72.36 US cents, after soaring to 72.47 US cents at one point, up from 71.74 cents on Monday. The $A has rebounded about 6 […]
AUD/USD Surges to Seven Week High Near 0.7250 as Iron and Oil Rally Read More »
Not much has really happened in the Australian markets in the last week, despite news on oil. The Australian dollar is roughly where it was this time last week, and the ASX200 has rallied a little but still remains well and truly under 5000. Oil prices rose sharply this week after Russia and Saudi Arabia,
Nothing to see here – Market Update Read More »
The Reserve Bank has urged investors not to be overly pessimistic about global market volatility and the uncertain economic outlook. Since the start of 2016, equity, commodity and credit markets have been fluctuating and brent crude oil prices have fallen to their lowest level in more than a decade. RBA assistant governor Malcolm Edey has
RBA’s Edey: Don’t Get Spooked by Global Markets Read More »
Australia’s central bank said the pace of economic growth should pick up gradually in the next few years without inflation being a problem, a benign mix that might provide it with the scope to cut interest rates further if needed. In minutes of its Feb. 2 meeting, where the Reserve Bank of Australia (RBA) kept
RBA Minutes: No Concerns over Growth or Inflation Read More »
