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Tag: rba
Australian dollar dips in anticipation of RBA rate call
2015-03-02 10:53:18| Automakers - Topix.net
The Australian dollar was trading in a holding pattern on Monday afternoon ahead of Tuesday's interest rate decision by the Reserve Bank of Australia, with odds jumping in favour of a cut. Better-than-expected Chinese manufacturing PMI data pushed the Australian dollar up to US78.3 at the start of trade, but that soon dropped.
Tags: call
rate
dollar
australian
Mining bust hurting Perth shows damage that spurred RBA cut
2015-02-04 09:58:02| Real Estate - Topix.net
This is what an economic hangover looks like. More offices lie empty in Perth, Australia, than at any time since 1996, while the number of homeowners seeking to offload properties has surged 45 percent from a year ago.
ASX surges after RBA interest rate cut
2015-02-03 08:25:40| Automakers - Topix.net
The Australian sharemarket enjoyed a rate-fuelled boost on Tuesday, closing at a near seven-year high and stretching its winning streak to nine days, following the Reserve Bank of Australia's decision to ease monetary policy. The benchmark S&P/ASX 200 surged 1.5 per cent, or 82.1 points, to 5707.4. It is the first time that the ASX 200 has closed above 5700 since June 2008.
Tags: rate
interest
cut
interest rate
need2know: RBA statement awaited
2014-11-07 08:51:41| Automakers - Topix.net
RBA Statement on Monetary Policy, Australian October Construction PCI, US October labour force report, US consumer credit, Germany September industrial production. Credit Suisse has cut Origin Energy to 'underperform' and has a $13.50 target price, down from an earlier target price of $15.00.
RBA faces rate dilemma after global markets turmoil
2014-10-17 11:08:14| Automakers - Topix.net
"There's this widespread view that the RBA can't move before the Fed, but the reality is they've done it many times.The issue's what it might do to the A currency," says CBA's chief economist, Michael Blythe. Photo: Lisa Maree Williams Turmoil in global markets has pushed out expectations for the first interest rate rise from the US Federal Reserve, threatening to hold up the Australian dollar and frustrate the Reserve Bank of Australia's hopes to start "normalising" its record low rates.
Tags: rate
global
markets
faces