The Australian dollar continues to defy the odds and after dropping back down below 0.72 for a few days, it has surged higher. As I type this on Friday afternoon, it is edging closer to 0.7390 which is the high from early December. The ASX200 has edged a little higher and remains above the key …
Australia’s central bank held its policy nerve as global ructions and a higher currency add another layer of difficulty to an economy already grappling with weaker employment, low wage growth and tumbling investment. Reserve Bank of Australia Governor Glenn Stevens and his board left the cash rate at 2 percent Tuesday, as forecast by all …
The Reserve Bank of Australia will keep interest rates on hold when it meets next week, and is unlikely to try to talk down the local currency despite a mini-rally this year, say some of the country’s foremost economists. A Fairfax survey of 10 senior bank and market economists found consensus that the central bank …
The Australian dollar has surged to a two-month, continuing to defy efforts by the Reserve Bank to talk it down. At 0630 AEDT on Tuesday, the local unit was trading at 72.36 US cents, after soaring to 72.47 US cents at one point, up from 71.74 cents on Monday. The $A has rebounded about 6 …
AUD/USD Surges to Seven Week High Near 0.7250 as Iron and Oil Rally Read More »
