Insights

Bloomberg 10/12/2010 – Derek Mumford

Aussie, N.Z. Dollars Show Weekly Drop Before China Price Data Dec. 10 (Bloomberg) -- The Australian and New Zealand dollars posted weekly declines on concern Chinese inflation data tomorrow... » Read more

Aussie jobs growth bounces back in November

The Australian Bureau of Statistics released the Employment report for November at 11.30am AEDT today. The unemployment rate declined to 5.2% as expected. Net employment rose by 54,600, well ahead of... » Read more

RBA leaves rates on hold as expected, gives balanced outlook

At its Monetary Policy meeting today, the RBA kept rates on hold at 4.75%. The key points in the accompanying statement were: -          Policy appropriate for the time being. -          Lending... » Read more

Sydney Morning Herald 1/12/2010 – Derek Mumford

Dollar plumbs 11-week lows The Australian dollar hit an 11-week low today after disappointing third-quarter growth data led investors to sell more of the currency that was already... » Read more

China PMI surprises to the upside

Chinese November PMI was released at 12.00pm AEDT today. The official number for November was 55.2, better than market expectations of 54.7 and October’s reading of 54.7. Initial AUD reaction: 0.9575... » Read more

Aussie Q3 GDP weaker than expected

The Australian Bureau of Statistics released third quarter GDP at 11.30am AEDT today. GDP for Q3 rose by 0.2%, well below market expectations of 0.5%. The annualised figure came out at... » Read more

RBA November minutes

The RBA released the minutes of the November 2nd Board meeting at 11.30am AEDT today. The pertinent points are: -              Decision to raise rates was finely balanced, they chose to... » Read more

Aussie unemployment rate spikes in October, Participation rate jumps

The Australian Bureau of Statistics released the Employment report for October at 11.30am AEDT. The unemployment rate spiked to 5.4%. The reason for the increase was a jump in the... » Read more

Weaker Aussie retail sales in September, Trade surplus narrows from record high

The Australian Bureau of Statistics released the Retail Trade figures and the Trade balance at 11.30am today. Retail Sales in September rose by 0.3%, below market expectations of 0.5% The Trade... » Read more

RBA surprises the market with Melbourne Cup rate hike

At its Monetary Policy meeting today, the RBA raised interest rates by 25 basis points to 4.75%.  The key points in the accompanying statement were: - Early modest tightening was... » Read more

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