Tag Archives: rates

Reserve Bank likely to cut cash rate by 25bps tomorrow

6 Feb

  The Board of the Reserve Bank meets tomorrow. In July last year Westpac forecast that the next easing cycle would total 100bps beginning near year’s end. Subsequently, the Board decided to ease the overnight cash rate by 25bps in both November and December. Based on current information, we continue to expect a further 50bps [...]

Dollar buoyed by Fed’s stance on rates

10 Aug

The Australian dollar is trading higher, after the US Federal Reserve said interest rates could stay at their record lows until mid-2013. Around midday, the dollar was trading at 103.21 US cents, up from 102.25 cents on Tuesday afternoon. RBC Capital Markets currency strategist Michael Turner said the Australian dollar rallied around three US cents [...]

Aussie Dollar Falls After Weak Retail Sales Data

4 Aug

The Australian dollar was almost two US cents lower at noon as a combination of weak data, locally and in the US, and the central bank keeping the cash rate on hold weigh on the currency At 1200 AEST on Wednesday, it was trading at 107.04 US cents, down from 108.90 cents on Tuesday. The [...]

Australian Dollar Record High

27 Jul

The Australian dollar has cracked new highs above 110 US cents after the release of official inflation figures on Wednesday. The consumer price index (CPI) rose 0.9 per cent in Australia in the June quarter, for an annual inflation rate of 3.6 per cent, slightly higher than economists’ forecasts. The Australian dollar was trading at [...]

Australian dollar reaches 11-week high on USD weakness

26 Jul

THE Australian dollar has reached an 11-week high, benefiting from weakness in the US dollar and growing uncertainty surrounding America’s debt crisis. At noon (AEST), the Australian dollar was trading at 108.83 US cents, its highest value since May 11, and up from 108.13 US cents on Monday afternoon. The domestic currency reached 110.11 US [...]

Australia dollar foreign exchange ‘not putting off investors’

11 Jun

The Australian dollar’s strong foreign exchange rate is not putting off overseas property investors. According to David Rees, head of research and consulting at JLL Australasian, the country has one of the most "transparent real estate markets in the world and good financial regulation". These factors are attracting foreign investments, along with Australia‘s proximity and [...]