‘Almighty shock’: Borrowers in for more pain
Two of Australia’s biggest banks have continued to hike fixed interest rates, piling on more pain for borrowers.
Two of Australia’s biggest banks have continued to hike fixed interest rates, piling on more pain for borrowers.
The mining titans were strong on Thursday, but not strong enough to drag the Australian sharemarket to an eighth straight session of gains.
The Australian sharemarket hit new 11-week highs on Tuesday as investors salivated over the prospect of a market-friendly federal budget.
A surging technology sector and a solid performance by the major banks lifted the Australian sharemarket to fresh highs on Wednesday.
THE Australian dollar is lower after oil prices fell to fresh five-year lows after the International Energy Agency cut its oil-demand forecast for 2015.
RESERVE Bank Governor Glenn Stevens maintains the Aussie dollar is overvalued and that by year’s end it will sink even further against the US dollar.
THE Australian dollar has plummeted to fresh four-and-a-half-year lows after the head of the Reserve Bank said he wanted the currency to fall to 75 US cents.
THE Australian dollar has slipped back below 83 US cents as oil prices come under further pressure after OPEC cut its 2015 demand forecast.
THE Australian dollar is firmer as oil prices recover from five-year lows.
THE Australian dollar is straining to keep its head above 83 US cents following disappointing Chinese numbers and surprisingly strong US jobs data.
THE Australian dollar has fallen to a four-and-a-half-year low after the release of very strong US employment growth figures.
THE Australian dollar has stabilised after hitting fresh lows overnight, amid growing expectations that the central bank will need to cut rates again.
THE Australian dollar is barely keeping its head above 84 US cents after disappointing economic growth figures.
THE Australian dollar has slipped back below 85 US cents amid a stronger US dollar and uncertainty about the Reserve Bank’s next move.
Original URL: https://www.adelaidenow.com.au/business/markets/australian-dollar/page/119