Reserve Bank of Australia governor Glenn Stevens says capital markets should prepare for a world where China invests $400 billion a year offshore, much of it in the Asian region. Mr Stevens told the Boao Forum for Asia in Sydney that if China fully opens its capital markets and liberalises trade in the renminbi, China […]
RBA Governor Stevens: Australia and China Need to Cooperate Read More »
The Australian dollar is weaker against a greenback that has been strengthened by positive comments from the US Federal Reserve. At 1:45pm AEST on Thursday, the currency was trading at 73.10 US cents, down from 73.21 cents on Wednesday. BK Asset Management managing director Kathy Lien said the Aussie was under pressure throughout the north
AUD/USD Remains Under Pressure after U.S. Fed Read More »
Forget hard hats, red earth and fly-in, fly-out drudgery. Tourism is once again helping to drive Australia’s growth, and could even explain why the end of the resources boom hasn’t left more people on the dole queue. According to research from Barclays, the value of non-mining, non-farm exports has climbed 7 per cent over the
Australian Tourism Leads the Transition Read More »
Australia’s currency has had one of the most rapid depreciations of its real exchange rate, only beaten by a ragged bunch of troubled economies. Kieran Davies of Barclays Plc estimates that the Aussie’s 16 percent fall from 2013 to the end of the second quarter is the fastest after Colombia — where growth has halved;
RBA Unlikely to Alter Language on AUD/USD Read More »
