On Thursday, the Australian and New Zealand dollars increase against their U.S. counterpart, after the Federal Reserve’s decision to exit its monetary policy unmoved reduced demand for the dollar. 370 more words
Tags » AUSTRALIAN DOLLAR
On Monday, the Australian dollar upsurge compared to its U.S. counterpart, while the New Zealand dollar held steady as investors set for the Fed and Bank of Japan’s approaching policy meeting this week. 431 more words
While domestic tourism is a large component of Australia’s tourism industry, the inbound market is estimated to continue a leading growth of about 9.3 per cent in 2015–16 and an average 5.6 per cent over the ten years to 2024–25 supported by lower fuel prices, the depreciation of the Australian dollar and the improvement of economic conditions in overseas markets. 1,211 more words
The Brexit leave vote pushed down the GBP to a 31 year low and left the AUD reeling while wiping out $ 70 billion from the Australian stock-markets. 972 more words
The Reserve Bank will be in no rush to cut rates again this year unless inflation numbers undershoot forecasts, National Australia Bank believes.
In its latest report into the state of the global and Australian economies, NAB said recent robust economic data ensured it would not follow the crowd in tipping further rate moves this year. 54 more words
38k vs 162/170k expected.
4.7% vs 4.9% expected.
Large questions on US economy’s ability to cushion from Fed rate hike. 373 more words