Aussie Suffers as RBA Lowers Inflation Outlook
The Australian dollar dropped today, touching the lowest level since June versus its US counterpart, as the Reserve Bank of Australia lowered its inflation outlook, reigniting talks about possible interest rate cut.
AUD/USD: RBA Trimmed Its Inflation Forecast For 2013
For the 24 hours to 23:00 GMT, AUD weakened 1.12% against the USD to close at 1.0076.LME Copper prices declined 0.2% or $15.0/MT to $7311.0/MT. Aluminium prices declined 1.2% or $22.0/MT to $1864.5/MT.
British Pound Sterling Live: GBP forecast to remain strong through 2013 as ...
The pound to Australian dollar exchange rate is 0.31 pct higher at 1.5359. Yesterday saw a strong rebound in the Australian dollar; today's correction is expected. Please Note: The above quotes are taken from the wholesale markets - your bank will ...
Elliott Wave Forecast: AUD/USD – Target met and sell again a
Aussie met renewed selling interest at 1.0253 yesterday (we recommended to sell at 1.0250) and has tumbled from there in line with our bearish expectations, our indicated target at 1.0060 was met in late trade yesterday (with 190 points profit) a
Aust stocks touch fresh 58-month high
"Stocks with high exposure to the US generally benefit when the US dollar is gaining against the AUD." In Australia, the market closed the previous session flat, held back by weakness among the major banks and expectations of a pause on interest rate ...
AUD/USD Holding Declines after RBA Cuts Inflation Forecast
AUD/USD suffered strong declines yesterday due to a sudden bout of strength from USD, which was exacerbated by USD/JPY breaking the 100.0 sonic barrier pushing USD even higher and AUD/USD lower. Prices found some support around 1.005 when ...
Stocks up 0.7pc as Australian dollar sinks
The Reserve Bank of Australia said Friday it's unusual for the Australian dollar to remain high given a recent decline in export prices. In its quarterly statement on monetary policy, the RBA lowered its inflation forecast for the end of 2013 to 2.25 ...
RBA cuts inflation outlook as dollar, mining-boom peak weigh on growth
The approaching peak in resource investment, the high level of the Australian dollar and ongoing fiscal consolidation are all likely to weigh on growth over the next year or so. "The approaching peak in resource investment, the high level of the ...
AUD/USD modestly lower on parity talk
A separate report showed that Australia's unemployment rate ticked down to 5.5% last month, from 5.6% in March. Analysts had expected the unemployment rate to remain unchanged in April. Earlier this week, the Reserve Bank of Australia lowered interest ...
High dollar, low inflation influenced RBA rate cut
Repeating a similar line from Glenn Stevens's brief statement about the rates decision on Tuesday, the Reserve again emphasised that the Australian dollar had remained stubbornly high over the past 18 months, while inflation remained surprisingly low.
Growth will be sluggish, RBA warns
Interest rates were cut to a record low 2.75 per cent Tuesday by the RBA, which linked the move to benign inflation over recent quarters and the higher Australian dollar, which is eroding the country's export competitiveness, fuelling a rise in ...
Dollar mostly higher after USD/JPY tops 100
A separate report said the Netherlands could actually be the first nation to leave the euro because consumer debt there has touched 250% of available income, double the level seen in Spain. USD/JPY ... As it is, AUD/USD is hovering near 11-month lows.


