The Reserve Bank of Australia finally appears happy with the level of the Australian dollar, as governor Glenn Stevens’s main concern has now switched to long-term growth trends and the need for fiscal reform. Australia’s secular slowdown, and the reasons for it, took centre stage at the governor’s annual address to the Anika foundation in […]
RBA Might Be Finally Leaving the Australian Dollar Alone Read More »
The Australian dollar took another hefty hit overnight, falling to a fresh six-year low as Fed chair Janet Yellen signalled the US central bank could lift interest rates as early as September. Adding to pressure for commodity currencies, Canada cut its benchmark interest rate for the second time this year to shield the country’s economy
AUD/USD Drops to Six Year Low Near 0.7350 after Yellen Comments Read More »
The growing push to abolish or scale back negative gearing received a big boost when the Reserve Bank of Australia called on the government to review whether a capital gains tax break for investment property is driving too much money into housing. In a surprising intervention in the debate over housing affordability, the Reserve Bank
RBA Puts Focus on Negative Gearing Read More »
Consumers have been spooked by global financial turmoil, and business managers could soon also get the shakes. Consumer confidence sagged in July to its lowest point in seven months, dragged down by disturbing financial headlines from Greece and China. The Westpac/Melbourne Institute index out Wednesday showed consumer sentiment fell by 3.2 per cent in July,
Matters Elsewhere Impacting on Australian Consumer Confidence Read More »
