Aussie Q1 GDP negative as RBA expected

The Australian Bureau of Statistics released first quarter 2011 GDP at 11.30am AEST today. GDP for Q1 declined by 1.2%, slightly worse than the -1.1% expected. The annualised figure came out... » Read more

Bloomberg 1/6/2011 – Derek Mumford

Dollar Falls Versus Euro on U.S. Slowdown Concern; Aussie Gains After GDP The dollar fell against the majority of its most-traded peers before reports likely to show U.S. companies hired... » Read more

RBA May minutes suggest negative AU GDP in Q1

The RBA released the minutes of the May 3rd Board meeting where they kept rates on hold at 4.75%, at 11.30am AEST today. The pertinent points were: - Higher rates... » Read more

Bloomberg 16/5/2011 – Derek Mumford

Aussie Advances From Four-Week Low as Commodities Erase Loss; Kiwi Weakens The Australian dollar rose from the lowest level in almost four weeks as stocks and prices of raw materials... » Read more

Weak employment data drives AUD lower

The Australian Bureau of Statistics released the Employment report for April 2011 at 11.30am AEST today. The unemployment rate remained unchanged at 4.9%. Net employment declined by 22,100, well below market... » Read more

Aussie Trade Balance bounces back to surplus in March

The Australian Bureau of Statistics released March 2011 Trade Balance data at 11.30am AEST today. The Trade Balance bounced back into a surplus of A$1.74 billion, well ahead of market... » Read more

Weak AU Retail Sales in March put a dent in the Aussie

The Australian Bureau of Statistics released March 2011 Retail Sales and Building Approvals at 11.30am AEST today. Retail Sales declined by 0.5% in March, well below market expectations for a... » Read more

RBA holds fire on rates in May, accompanying statement little changed from April

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 is appropriate - Will carefully... » Read more

The Australian 3/5/2011 – Thomas Averill

Markets rally on Osama bin Laden's death GLOBAL stockmarkets jumped, the US dollar rose and the price of oil fell on the news of Osama bin Laden's death yesterday. Financial... » Read more

Bloomberg 3/5/2011 – Derek Mumford

Australian Dollar Weakens on Speculation RBA Will Delay any Rate Increase The Australian dollar declined against most of its major counterparts after the central bank left interest rates on hold... » Read more