The dollar nursed broad losses , having come under renewed pressure after disappointing U.S. trade data for March.» Read More
SINGAPORE, May 5- The Australian dollar rebounded sharply after slipping initially as the Reserve Bank of Australia cut interest rates, as market players wondered whether the RBA's easing cycle may be over for now. Australia's central bank cut its cash rate a quarter point to an all-time low of 2.0 percent on Tuesday, aiming to spur a sluggish domestic economy...
HONG KONG, May 5- Asian stock markets retreated on Tuesday and the Australian dollar briefly fell after the central bank cut interest rates for the second time in four months as the region's growth falters in the face of slowing demand from China. "Cautious and uncertain households mean rate cuts are less effective today," said Jasmin Argyrou, senior investment...
Paul Bloxham, chief economist for Australia & NZ at HSBC, says upbeat comments from the Reserve Bank of Australia means the central bank could keep rates on hold for the rest of 2015.
*Stocks hold on to early gains, MSCI Asia ex- Japan up 0.1%. HONG KONG, May 5- Asian markets edged lower on Tuesday and the Australian dollar steadied as investors stayed on the sidelines ahead of a Reserve Bank of Australia policy decision that might result in an interest rate cut. Australian stocks held on to their early gains while the MSCI's broadest index of...
Lutfey Siddiqi, global head of Emerging Markets FX, Rates & Credit at UBS, says the Reserve Bank of Australia needs to lower interest rates by 25 basis points due to sub-trend economic growth.
Steven Ciobo, parliamentary secretary to the Minister for Trade and Investment and Minister for Foreign Affairs of Australia, discusses the relationship with Indonesia after the execution of two Australian drug convicts.
Steven Ciobo, parliamentary secretary to the Minister for Trade and Investment and Minister for Foreign Affairs of Australia, outlines the opportunities Australia sees in Singapore and China.
Amid a weak domestic economy, the Reserve Bank of Australia has to "do its job" by cutting interest rates, says David Bassanese, chief economist of BetaShares Capital.
The dollar edged higher in thin trading after a two-week drop tied to data suggesting the U.S. economy might be stabilizing.
HONG KONG, May 4- Asian stocks bounced off lows on Monday and the Australian dollar pared early losses as weak China factory activity reinforced views that Beijing will roll out fresh support measures soon for the world's second-largest economy. Spreadbetters expected the equity markets to open firmer in Europe, forecasting Germany's DAX and France's CAC to...
SINGAPORE/ SYDNEY, May 4- The Australian dollar slipped on Monday, dented by speculation the Reserve Bank of Australia may cut interest rates on Tuesday, while the U.S. dollar held steady in a respite from its recent selloff. The Australian dollar, which is seen as a liquid proxy for China plays due to Australia's large trade exposure to China, fell from around...
HONG KONG, May 4- Asian stocks bounced from their lows on Monday and the Australian dollar pared early losses as weak China factory activity reinforced views that Beijing will roll out fresh support measures soon for the world's second-largest economy. The HSBC/ Markit Purchasing Managers' Index showed factory activity in China contracted at its fastest rate...
TS Lim, financials analyst at Bell Potter, says a fall in bad debt charges raises questions about the quality of Westpac's earnings.
The Reserve Bank of Australia will likely cut rates this week amid economic headwinds and the Aussie dollar could see more volatility, says Tony Nash, vice president at Delta Economics.
The RBA's decision may come down to the wire at its policy meeting Tuesday, as economists eye a rate cut despite concerns over a strong currency and home prices.
Kumar Palghat, director at Kapstream, expects the Reserve Bank of Australia to cut rates at Tuesday's policy meeting even though easing measures are having a mixed impact on the economy.
The dollar touched a two-week high against the yen on Friday and rose from a two-month low versus a basket of major currencies.
Australia won't lose its coveted triple-A rating, its Treasurer said, slapping down speculation the country might face its first downgrade in 26 years.
The greenback reversed earlier losses to trade higher against a basket of currencies on Thursday.
The yen pushed higher on Thursday after the BOJ kept policy unchanged and held off from expanding its monetary stimulus.