Consumer confidence has slumped to a 14-month low amid renewed worries about Australia’s economy. The latest ANZ-Roy Morgan consumer confidence index slipped 5.8 per cent last week after official figures showed Australia’s economy grew by a weaker-than-expected 0.2 per cent in the June quarter. The index slipped to 106.7, its lowest level since July 2014 …
Australian Consumer Confidence Dented by Weak Economic Data Read More »
Today I was in Sydney and interviewed by Leanne Jones on Trading Day, Sky Business channel on the Australian market. Specifically the ASX200 index, the Australian dollar (AUD/USD), and US and China’s impact on Australia. I was asked about the recent declines in the ASX200 index and AUD/USD and its current significant levels. The …
Live TV Appearance On Sky Business – talking ASX200 Index and AUD/USD Read More »
After nearly a quarter century of economic growth, the Reserve Bank of Australia is again counting on the currency’s drop to keep a recession at bay without the need for interest-rate cuts. The Australian dollar is at US70.43¢ in midafternoon trade in New York. According to Bloomberg data, the Aussie slid as low as US69.82¢ …
AUD/USD’s Decline May Assist in Avoiding Recession Read More »
Australia’s central bank is counting on support from a lower currency together with a strengthening US economy and overall low interest rates globally to cushion Australia from a worsening slowdown in China and expected US interest rate increases even as global sharemarkets remain volatile after suffering their worst sell-off in years. The Reserve Bank of …
RBA’s Case Supported by AUD/USD Falling to 0.7015 Read More »
