The Reserve Bank of Australia’s attempts to talk the local currency lower last year prompted criticism from the US Treasury. The US representative office at the International Monetary Fund in September “expressed concern over the authorities’ public statements on the desired direction of the exchange rate” during consultations on Australia, according to a report issued …
Local shares are poised to open higher, with the $A already surging, after the US Fed pointed to a more cautious rate rise outlook. Local jobs data pending. The Aussie has risen 1.2 per cent. The Federal Reserve held interest rates steady, as expected, and indicated that while the US economy is strengthening, the central …
AUD/USD Surges to above 0.7550 after Fed Revises Rate Outlook Read More »
Traders are increasingly betting Reserve Bank of Australia chief Glenn Stevens will sit tight on policy for the final six months of his tenure, as a commodities rebound reflects ebbing pessimism in the global economy. His decade-long stint as RBA governor is coming to an end in September and the swaps market is pricing in …
RBA’s Stevens Expected to Hold at 2% for Rest of Tenure Read More »
Last week I said there were signs of life and this week the optimism has continued. The Australian dollar continues to defy the odds and is no doubt starting to concern the RBA again. I wouldn’t have believed you a month ago had you suggested the AUD/USD could move to above 0.75 and its highest …
