Australia

IMF: Australia Hit Hardest by Slowing China Investment

Australia will be the worst-hit advanced economy from slowing Chinese investment growth, according to International Monetary Fund research. Only Iran, Kazakhstan, Saudi Arabia, Zambia and Chile would suffer a bigger effects on their economies. An indicative interpretation of the IMF’s modelling based on Treasury budget numbers also suggests it expects Australia’s annual growth growth rate …

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AUD/USD Struggles with Resistance at 0.72 as ASX200 Needs 5000

AUD/USD The Australian dollar continues to struggle with the current key level of 72 cents as it has been pushed away again by a glut of supply. It has formed a couple of classic reversal patterns on the daily chart (image below) with a doji followed by a pin bar. Both of these represent weakness …

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RBA’s Stevens: Australian Economy May Emerge “fairly well”

Turmoil on financial markets could dent global economic growth, but Australia has a good chance of emerging “fairly well”, the head of the Reserve Bank says. Global economic growth forecasts have been lowered in recent months due to volatility on share markets and signs of slowing growth in China, the world’s second largest economy, RBA …

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Fed Decision Highlights How Bearish the Market is with A$

> AUD/USD Despite some relief in the last week which has seen the Australian dollar rally back to above 72 US cents, sellers have taken this opportunity to sell at a three week high for the A$ and provided some resistance. Not too surprisingly the Federal Reserve left rates untouched at their FOMC meeting citing …

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