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 »
The Reserve Bank is expected to look through recent market turmoil and keep the cash rate unchanged for the foreseeable future. All 16 economists surveyed by AAP expect the RBA to keep the cash rate unchanged at its September meeting on Tuesday, and only three expect another cut before the middle of next year. The …
Today I was interviewed again by Carson Scott on Trading Day, Sky Business channel on the Australian market, specifically the ASX200 index, the Australian dollar (AUD/USD), and RBA and Fed plans. Specifically I was asked about the recent decline in the ASX200 index and its current significant levels. I mentioned how the 5400 level had …
Live TV Appearance On Sky Business – talking ASX200 Index and AUD/USD Read More »
