Australian Dollar Looks Lost The Australian dollar continues to trade within a narrow range between 0.73 and 0.74 where it has mainly loitered for the last month, but interestingly it seemingly looks stuck in no man’s land. It doesn’t know where to turn next. It has depreciated significantly against the US dollar amongst other major …
Australian Dollar Looks Lost as ASX 200 Continues to Struggle Read More »
Australia’s central bank said a weakening currency is assisting a transition away from mining investment, while adding that accommodative policy remains appropriate to support growth. “Economic activity had generally been more positive over recent months,” it said Tuesday in minutes of its Aug. 4 meeting when interest rates were left at a record-low 2 percent. …
RBA Minutes: Lower Australian Dollar Aiding Economic Transition Read More »
There is “no disputing” housing is expensive, says the Reserve Bank of Australia’s head of financial stability, but loosening lending standards to help first home buyers enter the property market would be “counterproductive”. RBA head of financial stability Luci Ellis said today it was helpful — from a stability point of view — that there …
Australia left its key interest rate unchanged and omitted a reference to the need for the local dollar to fall further. The currency jumped more than half a U.S. cent in response. Central bank Governor Glenn Stevens and his board kept the cash rate at a record-low 2 percent, as predicted by markets and economists …
