AUD/USD

RBA Likely to Sit on Rates

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 …

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AUD/USD Surges to Seven Week High Near 0.7250 as Iron and Oil Rally

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 …

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Nothing to see here – Market Update

Not much has really happened in the Australian markets in the last week, despite news on oil.  The Australian dollar is roughly where it was this time last week, and the ASX200 has rallied a little but still remains well and truly under 5000. Oil prices rose sharply this week after Russia and Saudi Arabia, …

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AUD/USD Eases to 0.7160 as Unemployment Jumps to 6%

The unemployment rate has jumped to six per cent, not the sort of news Malcolm Turnbull’s new-look frontbench would have been hoping for. As the prime minister’s new team was sworn in by the governor-general, new figures also showed the number of people in employment fell by 7900 in January, and would have been worse …

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