Australia

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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IMF: Australia Needs More Tax and Lower Interest Rates

The IMF has called on the government to cut company tax, end bracket creep and boost infrastructure spending to help insulate the economy against the biggest slump in the terms of trade in 150 years and the prospect of a further economic deterioration in China. As the nation’s policy heavyweights gather in Canberra at the …

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