AUD/USD

Despite Mounting Global Economic Concerns, RBA Holds Again

The Reserve Bank has defied mounting global economic gloom, keeping interest rates on hold for the fifth month in a row and expressing confidence in APRA’s efforts to keep a lid on ­investment lending in the frothy Sydney and Melbourne housing markets. As the International Monetary Fund downgraded its economic growth forecasts yet again, including …

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AUD/USD Jumps Above 0.71 as RBA Sits

Australia left interest rates unchanged Tuesday after the local dollar recorded the biggest drop among major currencies last quarter, cushioning the impact of lower commodity prices and a weaker outlook in key trading partner China. Reserve Bank of Australia Governor Glenn Stevens and his board kept the cash rate at a record-low 2 percent, as …

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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. Global stocks rallied after last week’s disappointing US jobs report. Are we back with ‘bad news is good news’ for equity markets? The main theme here is …

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ASX200 and AUD/USD Continue to Toy with Key Levels

ASX200 The ASX200 index continues to toy with the key 5000 level as it dances on either side of it teasing the market and offering little clue as to what will happen next. The perception of the significance of the 5000 level is often understated. Whilst the market’s value is only slightly different between the index at 4950 and …

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