The Australian dollar is widely tipped to remain under pressure this year, but a leading fund manager warns investors risk missing a possible sharp rebound in the currency, which could lead to a rally towards US80¢ as global interest rates remain stuck at record low levels. David Sokulsky, UBS Wealth Management head of investment strategy, …
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 Keeps an Eye on 5000, as AUD/USD Enjoys 0.72 Read More »
The Reserve Bank has defied mounting global economic gloom, keeping interest rates on hold for the fifth month in a row and expressing confidence in APRA’s efforts to keep a lid on investment lending in the frothy Sydney and Melbourne housing markets. As the International Monetary Fund downgraded its economic growth forecasts yet again, including …
Despite Mounting Global Economic Concerns, RBA Holds Again Read More »
Australia left interest rates unchanged Tuesday after the local dollar recorded the biggest drop among major currencies last quarter, cushioning the impact of lower commodity prices and a weaker outlook in key trading partner China. Reserve Bank of Australia Governor Glenn Stevens and his board kept the cash rate at a record-low 2 percent, as …
