Stock Market / Finance in Australia
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AUSTRALIA, 2016/02/19
The Australian dollar is again too high and there are increasing risks that the currency may climb if additional central banks adopt the negative interest rate route to boost increase, Reserve Bank of Australia board member John Edwards said in an interview published Friday.
"It does look like it [the Australian dollar] has found a base, and I guess I would say I still think it is a bit too high," Edwards told the Wall Street Journal.
"If it was driven entirely by commodity prices, it certainly should be lower," he said.
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AUSTRALIA, 2015/12/26
The Australian economy continued to struggle in October, the new survey from the Conference Board said on Thursday as its leading economic index dipped 0.1 % on month.
That follows the downwardly revised 0.3 % contraction in September (originally -0.1 %).
Part the individual components, the positive contributors to the index included share prices, money supply, the yield spread and gross operating surplus.
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AUSTRALIA, 2015/12/11
Inflation expectations in Australia increased in December, survey data from the Melbourne Institute showed Thursday.
The expected inflation rate rose to 4 % in December from 3.5 % in November.
The proportion of respondents expecting inflation to reach within the 0-5 % range fell by 4.2 % points to 74.2 %.
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AUSTRALIA, 2015/09/30
The Australian dollar lifted on Wednesday from its recent lows helped by some encouraging U.S. consumer confidence figures.
The local unit was trading at 69.85 U.S. cents, up from 69.47 U. S. cents Tuesday.
On Tuesday, it fell to a low of 69.37 U.S. cents, its lowest in a month next the Australian share market dropped by additional than 3 %.
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CHINA, 2013/10/23
China's economic strength is the majority likely driver of the Australian dollar to achieve parity with the U.S. dollar again by the end of this year, local economists said.
The Australian dollar was at 96.44 U.S. cents on Monday, which has benefited from expectations the U.S. Federal Reserve will keep a full dose of stimulus flowing into the world's biggest economy into 2014. The U.S. dollar is at an eight-month low.
Deutsche Bank currency strategist John Horner has a 98 U.S.- cent estimate for the currency by year-end and would not policy out a 1 U.S. dollar valuation at some point in the fourth quarter. Deutsche as well has an above-consensus Chinese increase estimate for 2014.
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AUSTRALIA, 2013/04/29
Australian Treasurer Wayne Swan on Sunday warned a high dollar and lower terms of trade had led to a AU$7.5 billion (US$7.7 billion) “sledgehammer” hit to budget revenues. Swan is due to hand down his annual budget next month ahead of national elections in September, having only in December abandoned his strident and long-held vow to return it to surplus this year.
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AUSTRALIA, 2013/03/21
The Australian dollar extended its early gains on Tuesday, as the country's central bank retained the cash rate unchanged at 3 %, stating that formerly easing policies are having some of the desired impact. The central bank has reduced cash rate six times since it started its easing cycle in November 2011.
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AUSTRALIA, 2013/02/25
The Australian Dollar mounted a spirited recovery last week, posting the major 5-day advance in nearly two months next RBA Governor Glenn Stevens talked down interest rate cut expectations in testimony to the Home Economics Committee. The domestic schedule is quiet in the week ahead while AUDUSD continues to show a significant correlation to our in-home risk-reward gauge, suggesting sentiment trends stand poised to take control of price action.
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AUSTRALIA, 2012/12/28
The Australian share market has hit 19-month highs on the last full day of trading for 2012, buoyed by gains part resources stocks.
It has risen 12 out of its last 14 sessions, is up by additional than 15 % for the year and on target for its best annual gain since 2009.From presently on on Friday, the benchmark SP/ASX200 index was 23.3 points, or 0.5 % higher at 4,671.3, while the broader Amount Ordinaries index was up 23.9 points, or 0.51 %, at 4,685.3.
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AUSTRALIA, 2012/12/28
THE Australian dollar has fallen as the prospect of an agreement to avert scheduled spending cuts and tax increases in the United States becomes less likely.
At 1200 AEDT on Monday, the local currency was trading at 103.91 US cents, down from 104.53 cents on Friday afternoon.
Since 0700 AEDT, it has traded between 103.85 US cents and 104.10 cents. Easy Forex currency dealer Tony Darvall said trading volumes were light ahead of Christmas Day, but the dollar had continued to weaken.
