Market News

The RBA has lowered interest rates

The RBA has lowered interest rates by 0.25% to 2.00% as widely anticipated by the market. The AUD initially spiked lower, but is currently hovering around 0.7820.    Statement by Glenn Stevens,... » Read more

The market and 24 of the 28 economists polled…The Inside Track

The market and 24 of the 28 economists polled by Bloomberg are calling for a cut by the RBA tomorrow and this is applying pressure to the AUD as... » Read more

April Jinx Bringing Cruelest Month for Dollar Before Fed Meeting – Thomas Averill

Bloomberg - The dollar’s best start to a year in at least a decade is unwinding. The currency is heading for a fifth-straight April of declines, spurred by speculation... » Read more

Broadly speaking The AUD remains within recent ranges….The Inside Track

Broadly speaking The AUD remains within recent ranges with fairly little on the data calendar domestically this week. » Read more

AUD putting in a near term base against most major currencies…The Inside Track

Broadly speaking the AUD does appear to be putting in a near term base against most major currencies; domestic economic releases (with the exception of trade) have so far... » Read more

Aussie Leads Drop in Commodity Currencies as China Trade Slumps – Thomas Averill

Bloomberg - Australia’s dollar headed for its steepest decline in three weeks, leading a drop in currencies of commodity-producing nations, as a slump in China’s imports stoked concern the... » Read more

RBNZ & RBA face dilemma; benign inflationary conditions…The Inside Track

Both the RBNZ and RBA are currently faced with the same dilemma; benign inflationary conditions, a sluggish economy and booming property prices around the main metropolises. » Read more

USD has traded softly in the last few weeks…The Inside Track

The USD has traded softly in the last few weeks, as weak economic data has concerned market participants, leading them to believe that the Federal Reserve may delay hiking interest... » Read more

The market watches for interest rate hikes…The Inside Track

Nine US Fed speakers last week had the market hanging on every syllable about interest rate hike timing. Read more  » Read more

Hugely volatile week for the USD after perceived dovishness…The Inside Track

A hugely volatile week for the USD after perceived dovishness from the FOMC had speculators scrambling to cut long USD (short everything else) positions. Read more  » Read more