Aussie unemployment rate back above 5% in July

The Australian Bureau of Statistics released the Employment report for July 2011 at 11.30am AEST today. The unemployment rate jumped to 5.1% from 4.9%. Net employment declined by 100 in June,... » Read more

The Age 9/8/2011 – Derek Mumford

Dollar rebounds after diving below parity After falling below parity for the first time in since March, the Australian dollar recovered over two US cents in afternoon trade to... » Read more

The Australian 5/8/2011 – Thomas Averill

Japanese intervention sends Australian dollar lower THE dollar tumbled to a two-week low against the US dollar last night after the Bank of Japan intervened to drag the... » Read more

Kiwi unemployment rate dips slightly

Statistics New Zealand released the NZ Q2 Employment report at 8.45am AEST today. The net employment change for the 2nd quarter was flat as expected. The Unemployment Rate dipped to 6.5%... » Read more

Aussie Retail Sales decline in June

The Australian Bureau of Statistics released June 2011 Retail Sales and Trade Balance data at 11.30am AEST today. Retail Sales declined by 0.1% in June, well below the 0.3% rise... » Read more

RBA keeps rates on hold at 4.75% in August

At its Monetary Policy meeting today, the RBA kept rates on hold at 4.75%. The key points in the accompanying statement were: - Global growth slowing - Prudent to contain current... » Read more

Aussie CPI ticks up in Q2, AUD near record highs

The Australian Bureau of Statistics released Q2 2011 CPI data today at 11.30am AEST. Consumer prices rose by 0.9% in Q1, ahead of expectations for a 0.7% rise. The annualised... » Read more

RBNZ holds fire on rates for now

The RBNZ have left interest rates on hold at 2.50% this morning for the third consecutive meeting. In the accompany statement Governor Allan Bollard said "provided current global financial... » Read more

July RBA minutes drop reference to need for tighter policy at some stage

The RBA released the minutes of the July 5th Board meeting where they kept rates on hold at 4.75%, at 11.30am AEST today. The pertinent points were: - DROPS REFERENCE... » Read more

Sydney Morning Herald 18/7/2011 – Derek Mumford

Banks cut fixed-rate mortgages A string of banks have lowered costs on their fixed-rate mortgages in recent days, while the dollar has slumped against the greenback in a ... » Read more