The Australian dollar jumped back towards one-month highs overnight, shrugging off a new low in iron ore prices after the RBA governor told economists they should “chill out” on the prospects for another rate cut next week. Reserve Bank of Australia’s Glenn Stevens on Tuesday evening told a gathering of business economists that he “happened […]
AUD/USD Back Above 0.7250 after Stevens’ Comments Read More »
The Australian dollar has fallen to a one month low near 0.7020 after better than expected US job data to close out last week. The 70 US cents has held up well for the Australian dollar over the last couple of months providing strong support, but it may come under renewed pressure as the Fed
AUD/USD Drops to One Month Low after U.S. Jobs Data Read More »
ASX200 The ASX200 has done well of late to distance itself and move away from the key 5000 level however it remains well within reach. This level continues to loom and is poised to play a role again should the index retreat further. Should the index continues its rally higher then it is likely to
ASX200 in No-Man’s Land as AUD/USD Eyes off 0.70 Again Read More »
The Reserve Bank of Australia held its key cash rate at 2 percent, saying that the prospects for an improvement in economic conditions had “firmed a little over recent months.” The central bank said that its board members had observed that the inflation outlook could afford scope for further easing should it be required to
AUD/USD Steady around 0.72 after RBA Sits Read More »
