A solid jobs report for the United States has revived the US dollar and provided crucial support for Federal Reserve chief Janet Yellen, who will appear before Congress this week to deflect criticism about the Fed’s decision to raise interest rates in December. The support for the US dollar brought on the worst session for …
The Australian dollar has rallied on the back of a broad greenback sell-off triggered by weaker-than-expected US economic data. At 7am (AEDT), the local unit was trading at US71.80 cents, up from US70.21 cents yesterday. The currency climbed to a one-month high of 71.88 US cents earlier in the session. The US service sector expanded …
House price growth is forecast to slow to a virtual standstill in Sydney, with much softer conditions also tipped for Melbourne and most other capital cities. Economists at the National Australia Bank on Wednesday cut their growth forecasts for average capital city house prices in 2016 to 1 per cent, down from 2.3 per cent …
NAB: House price growth to slow sharply in Sydney and Melbourne Read More »
The Reserve Bank is unlikely to budge from its neutral interest rate stance on Tuesday, but it may ramp up its easing bias a notch. All 14 economists surveyed by AAP expect the RBA to keep the cash rate unchanged at its February meeting, and eight expect it to remain on hold for the entire …
