Australia

RBA Sees Improved Economic Conditions

With no sign of a near-term recovery in non-mining business investment and with our major trading partners at below average growth, the Reserve Bank of Australia is pinning its hopes on stronger employment and consumer spending to maintain its forecast of moderate growth over the coming year. The central bank’s latest forecasts for the Australian …

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ASX200 in No-Man’s Land as AUD/USD Eyes off 0.70 Again

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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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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