On Tuesday, as widely expected, the RBA cut the official cash rate by 0.25% down to a record low of 2%. In the day or so since, the Australian markets haven’t exactly been following the script as written by the RBA. Interest rate cut normally equals a rally in equities and fall in currency. The …
Today I was interviewed again by Carson Scott on Trading Day, Sky Business channel on the Australian market, the Australian dollar (AUD/USD) and what the RBA will decide next Tuesday at their next monthly monetary policy meeting. Specifically I was asked about the recent movement in the AUD/USD and its current significant levels. We spoke …
Live TV Appearance On Sky Business – talking RBA and AUD/USD Read More »
Speculation continues over not what the RBA’s next move will be, but rather when it will be. The vast majority (if not everyone) are expecting at least one more cut this year with the only doubts surrounding the timing. RBA Governor Stevens spoke in New York overnight to the American Australian Association. He specifically addressed …
RBA Speculation Continues after Stevens Speaks in New York Read More »
The People’s Bank of China (PBOC) on Sunday cut the amount of cash that banks must hold as reserves (RRR) in the latest attempt to help spur bank lending and combat slowing growth. The Aussie dollar briefly touched a near one-month high of $0.7844, rising from around $0.7785 late in New York on Friday. It …
AUD/USD Rallies to Above 0.78 on China’s RRR Cut Read More »
