I appeared on Channel News Asia again this morning at 6:20am SGT, via Skype. My questions and my responses in the form of brief notes are below: Q1. Oil prices rebounded slightly after hitting financial crisis lows overnight. Will prices stabilize or do you expect further sell-off? It is not unusual to see periods of […]
Live TV Appearance on Channel News Asia Read More »
The unemployment rate fell to 5.8 per cent in November after the jobs market added another 71,000 positions to October’s extraordinary gain of almost 60,000. The Australian Bureau of Statistics said on Thursday there was an increase of 41,600 full-time jobs in the month, and almost 30,000 part-time positions. This pushed the jobless rate down
AUD/USD Surges Above 0.73 after Jobs Data Surprises Read More »
The Reserve Bank of Australia has left official interest rates unchanged for a seventh straight month, amid fresh evidence the economy is benefiting from a lower dollar. Board members met in Perth on Tuesday and kept the overnight cash rate at 2 per cent, as was anticipated by financial markets and analysts. Governor Glenn Stevens
AUD/USD Remains Above 0.7250 after RBA Sits Again Read More »
The Reserve Bank of Australia (RBA) will also hold its December policy meeting on Tuesday ahead of the release of Q3 GDP numbers the day after. Most analysts expect RBA to leave its interest rate unchanged in light of a strong October jobs report and improved growth in the previous quarter. Shane Oliver, chief economist
Busy Week Ahead in Australia Read More »
