Consumer confidence has fallen, handing back the gains made in previous weeks. The ANZ/Roy Morgan weekly consumer confidence index fell 0.4 per cent to 112.5 in the first full week of August, after gaining 5.5 per cent in the previous three weeks. Households’ views of their personal finances fell 2.7 per cent last week, after […]
AUD/USD Drops to 0.7350 after Consumer Confidence Falls Read More »
Australia’s unemployment rate jumped last month to the highest rate since January, rising faster than economists had expected after an increase in the participation rate during the month. The unemployment figure rose to 6.3 per cent in July, according to official data from the Australian Bureau of Statistics, up from an upwardly revised rate of
Australia’s Unemployment Jumps to 6.3% in July Read More »
Australia left its key interest rate unchanged and omitted a reference to the need for the local dollar to fall further. The currency jumped more than half a U.S. cent in response. Central bank Governor Glenn Stevens and his board kept the cash rate at a record-low 2 percent, as predicted by markets and economists
AUD/USD surges to 0.7370 as RBA Seems Content Read More »
One of the key factors powering Australia’s stellar home price boom is set to slow dramatically, economists warn—a change that could finally see the country’s seemingly endless run of property price appreciation take a well-needed pause. Speculative investors are a major force in Australia’s red-hot property market, helping push the value of residential property half
Record Low Rental Yields May Impact Australian Property Read More »
