Strong AU jobs growth in September

The Australian Bureau of Statistics released the Employment report for September 2011 at 11.30am AEDT today. The unemployment rate dipped to 5.2% from 5.3%. Net employment increased by 20,400 in September,... » Read more

Bloomberg 11/10/2011 – Derek Mumford

Aussie Drops on Europe Concern; Kiwi Falls After Deficit Widens The Australian dollar declined against the U.S. currency after Slovakia’s ruling coalition failed to end a dispute over participation in... » Read more

Retail Sales jump in August

The Australian Bureau of Statistics released August 2011 Retail Sales data at 11.30am AEDT today. Retail Sales rose by 0.6%, well ahead of the 0.2% expected. July’s reading was revised... » Read more

RBA keeps rates on hold in October, slightly dovish tone in accompanying statement

At its Monetary Policy meeting today, the RBA kept rates on hold at 4.75%. The key points in the accompanying statement were: - Current monetary policy prudent - Financial volatility has... » Read more

Aussie Trade Balance swells in August, Building Approvals post biggest monthly gain since May 2010

The Australian Bureau of Statistics released August Trade Balance and Building Approvals data at 11.30am AEDT today. The Trade Surplus increased to A$3.1 billion, well ahead of the A$1.9 billion... » Read more

Sydney Morning Herald 3/10/2011 – Thomas Averill

Dollar dives to 10-month low The Australian dollar has sunk to a fresh multi-month low as deepening concerns that the euro-zone's debt crisis will dampen global growth undermines... » Read more

Bloomberg 28/9/2011 – Thomas Averill

Aussie, Kiwi Advance as Rally in Asian Shares Supports Demand for Yields Australia’s dollar advanced against its U.S. counterpart by the most in nearly three weeks as stocks rallied around... » Read more

FOMC Announcement causes broad based USD buying

Unsurprisingly the FOMC left interest rates on hold at <0.25% this morning and confirmed our suspicion that the monetary policy toolbox has been pretty much exhausted. It is now... » Read more 22/9/2011 – Derek Mumford

Forex: EUR/JPY back above 104.00 on Greek optimism After printing fresh 10-year lows below 1.0370 on Wednesday, the European single currency is on the rebound against its Japanese ... » Read more

RBA still concerned about medium term inflation in September Minutes

The RBA released the minutes of the September 6th Board meeting where they kept rates on hold at 4.75%, at 11.30am AEST today. The pertinent points were: - RBA cited... » Read more