AUD/USD

AUD/USD Steady around 0.72 after RBA Sits

The Reserve Bank of Australia held its key cash rate at 2 percent, saying that the prospects for an improvement in economic conditions had “firmed a little over recent months.” The central bank said that its board members had observed that the inflation outlook could afford scope for further easing should it be required to …

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UBS: Australian Dollar Could Hit US80 cents

The Australian dollar is widely tipped to remain under pressure this year, but a leading fund manager warns investors risk missing a possible sharp rebound in the currency, which could lead to a rally towards US80¢ as global interest rates remain stuck at record low levels. David Sokulsky, UBS Wealth Management head of investment strategy, …

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Live TV Appearance on Channel News Asia

I appeared on Channel News Asia again this morning at 6:20am SGT, via Skype.  My questions and my responses in the form of brief notes are below: Q1. Today’s release of central bank policy meeting minutes, do you see prospect of a rate cut in November? It is certainly possible and talk continues in the …

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ASX200 Keeps an Eye on 5000, as AUD/USD Enjoys 0.72

ASX200 The ASX200 has done well of late to distance itself and move away from the key 5000 level however it remains well within reach. This level continues to loom and is poised to play a role again should the index retreat further. Should the index continues its rally higher then it is likely to …

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