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Rallies all Around – Market Update

Last week I said there were signs of life and this week the optimism has continued. The Australian dollar continues to defy the odds and is no doubt starting to concern the RBA again. I wouldn’t have believed you a month ago had you suggested the AUD/USD could move to above 0.75 and its highest …

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Signs of Life – Market Update

The Australian dollar continues to defy the odds and after dropping back down below 0.72 for a few days, it has surged higher.  As I type this on Friday afternoon, it is edging closer to 0.7390 which is the high from early December. The ASX200 has edged a little higher and remains above the key …

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AUD/USD up to 0.7130 after RBA Sits at 2%

Australia’s central bank held its policy nerve as global ructions and a higher currency add another layer of difficulty to an economy already grappling with weaker employment, low wage growth and tumbling investment. Reserve Bank of Australia Governor Glenn Stevens and his board left the cash rate at 2 percent Tuesday, as forecast by all …

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RBA Likely to Sit on Rates

The Reserve Bank of Australia will keep interest rates on hold when it meets next week, and is unlikely to try to talk down the local currency despite a mini-rally this year, say some of the country’s foremost economists. A Fairfax survey of 10 senior bank and market economists found consensus that the central bank …

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