Grim truth about Aussie rate cut
Mortgage holders need more than one rate cut to start feeling relief, with only about 53,000 Aussies likely to move away from “at risk” should the RBA cut rates in February.
Mortgage holders need more than one rate cut to start feeling relief, with only about 53,000 Aussies likely to move away from “at risk” should the RBA cut rates in February.
The Aussie sharemarket has closed on a 100 day high, led by consumer discretionary stocks as investors factor in rate cuts.
In welcome news for mortgage holders, a third major bank is now expecting a rate cut in February following lower-than-expected inflation data.
A smaller tech sector exposure and a strong performance from consumer discretionary stocks saw Australia finish marginally in the red, despite a sell off on Wall Street.
Struggling borrowers could finally get a rate cut in February, with inflation tipped to fall faster than the Reserve Bank has been expecting.
Major retailers were responsible for the Aussie sharemarket closing just shy of a record high – with the dollar also climbing to a new peak.
Aussie farmers have plenty to celebrate this Australia Day, with fresh figures revealing a stunning boom in red meat exports.
The Aussie sharemarket has snapped a three-day winning streak as consumer-facing stocks and an “unloved” mining sector drag the index lower.
Millions of Aussies are confronting a stark budget black hole, with an economic update exposing a serious $217bn breakdown in one state’s finances.
Australian sharemarket firmed on Wednesday, as Donald Trump helped the strong performance by Australia’s tech sector and uranium shares.
Australia’s weak dollar could see inflation tick up slightly, but it is unlikely to move the RBA on its next rate cut decision, a leading economist says.
The Aussie sharemarket closed up on a strong day of trading, as investors factor in the new US President and how his proposed tariffs will impact the market.
The Australian sharemarket slipped on Friday, despite a positive boost for the country’s commodity sector on the back of results out of China.
The Aussie sharemarket surged on Thursday, thanks to new data and led by the major banks and information technology stocks.
The Aussie market closes down despite a positive start to trade across the board, as investors look ahead for jobs data and US inflation updates.
Australia’s share market finished in the green on Tuesday, led by the major resources and property stocks, and a surprise report out of the US.
The chances of an interest rate cut in early 2025 are falling faster than the Aussie dollar, with experts saying the drop in our currency could cause the Reserve Bank to baulk at a cut.
Banks, consumer discretionary and information technology stocks have slumped during a broad market sell-off on Monday.
A share sell-off in the banking and consumer staples sectors saw the Australian market trade heavily in the red on Friday.
The Australian sharemarket has dipped on Thursday, breaking a five day streak, despite favourable retail sales data.
Fresh inflation data has given the Australian share market a boost, with trading up on Wednesday.
The Aussie market has risen for the fourth straight day and reached a three-week high despite falling commodity prices.
An Australian bank has been slammed for “cash grabbing” after launching a controversial $2.50 fee for customers accessing their own money.
ASX eked out tiny gains during Monday’s trading as rises in property trusts and information technology stocks beat falls in iron ore miners.
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The ASX 200 had a strong opening trading day for 2025, led by growth in the energy, materials and property sectors.
The Australian dollar has fallen to a near-five-year low that is the worst seen since Covid.
The ASX 200 tumbled during Tuesday’s trading with A-REITs, consumer discretionary and financial stocks all down more than 1 per cent.
The Australian share market has endured a shocker final full day of trading for 2024 – with all but one sector closing the day lower.
Investors received a late Christmas present with the ASX 200 rising on the first trading session following the holiday break.
The ASX has surged back and broken a days-long losing streak – after better than expected inflationary data out of the US sent markets higher around the world.
Aussies are being warned to check their mobile and wearable payment devices or risk being unable to purchase items this New Year’s Eve.
The ASX has tumbled to a new low after markets continued to sell off, with investors factoring in a less-than-favourable decision in the US.
The global economy has been hit hard by a huge call in the US and Australia has been firmly in the firing line.
The ASX cratered after a major decision on a US rate cut, with all 11 sectors trading in the red.
Australia’s collective household wealth has soared over the last 12 months driven by one key thing.
The Aussie dollar has collapsed during this morning’s trading as the US Federal Reserve says the rate cutting cycle will slow down.
The ASX 200 traded slightly down ahead of a major decision by the US Federal Reserve, just after the market hit a four-day high.
The ASX 200 has continued to suffer major headaches amid falling iron ore prices – with the market falling to a fresh four-week low.
The RBA’s slow response to the post-Covid economic boom is to blame for Australians paying more on their mortgage today, a consulting firm has found.
A sharp sell-off in materials and utilities dragged the Aussie sharemarket into the red – marking its worst week in four months.
The ASX has fallen to a three-week low on Thursday as markets digested better than expected unemployment figures.
Buy-now pay-later giant Afterpay has revealed some surprising Aussie fashion trends in its latest Afterpaid report, with one colour dominating 2024.
A sharp sell-off in information technology and energy stocks dragged the Australian markets down during Wednesday’s trading.
A sharp sell-off in banking and tech stocks pushed the Australian sharemarket into the red on Tuesday, even as the heavyweight mining sector soared.
Australians are getting poorer and a leading economist has produced a simple chart that shows why.
The ASX 200 has traded down following weak investor sentiment and a key piece of US data coming out overnight.
The local market traded higher on Thursday but was unable to close above 8500 points due to a pullback in the afternoon’s trading.
A surprise jump in spending in major two areas has given early indications Aussies are starting to spend again, in spite of a high cost of living.
A leading mining figure has delivered a dark speech warning that Australians will need to “do more, move faster and work harder” to maintain prosperity.
Australian economic prospects have rarely been more bleak – and fears are growing that the dollar is headed for an almighty fall.
The Australian sharemarket has fallen just days after cracking a record high 8500 points in a broad market sell-off on Wednesday.
Australia’s sharemarket cracked a fresh record high on Tuesday, on the back of renewed economic confidence.
Australia’s leading business body has just ranked the best and worst states and territories for commerce and a surprising state has come out on top.
Australia’s sharemarket has started the last month of the year with a strong day of trading, as new retail data was surprisingly good.
The Australian sharemarket trimmed during Friday’s trading as investors took stock of later than anticipated rate cuts.
The Australian sharemarket cracked a fresh record high on Thursday on the back of a surge in the big banks and healthcare stocks.
The Australian market rallied during early trading as markets factor in further rate cuts in the US.
The ASX200’s three day winning streak came to an end on Tuesday, as markets digested President-elect Donald Trump’s announcement on US tariffs.
The Australian market rallied during early trading as markets digest the latest appointment from President Elect Donald Trump.
On a choppy day for the market, the ASX 200 traded relatively flat, thanks to a late market surge.
Millions of Aussies are likely thousands of dollars better off in 2024 – and they might not even know it, due to the surprising performance of a common asset.
The ASX closed down on Wednesday as investors took advantage to take a profit following a record day of trading on Tuesday.
The ASX 200 is trading up 2.6 per cent for November during the traditionally strong trading period leading into the ‘Santa Claus’ rally in December.
The ASX 200 rose slightly during Monday’s trading, pushed higher largely by Australia’s resource companies.
The ASX 200 rose slightly during Friday’s trading, as the market had a benign broad based rally as Donald Trump announced more key appointments.
The ASX 200 fell by 0.8 per cent during Wednesday’s trading, as investors think through the implications of the second Trump presidency on Australia.
The Australian sharemarket traded strongly on Friday off the back of further rate cuts from the US central bank.
One of Australia’s Big 4 banks has posted a mammoth statutory profit for the first financial year quarter, asserting the economy is “fundamentally sound” despite cost of living pressures.
The ASX has dipped for the second consecutive day, giving back part of last-week’s post gains following the US presidential election.
An expert in international relations has offered some blunt advice to Australian policymakers on how to avoid potentially damaging Trump tariffs.
Aussie farmers are up in arms about supermarket behemoths Coles and Woolies, but an ACCC hearing has heard they have nowhere else to go.
Aussie shares traded slightly higher on Thursday, despite a strong rally out of Wall Street on a “red wave” sweeping through the US political system.
Australia’s competition watchdog has made a huge decision on a proposed change to Chemist Warehouse that will affect millions of Aussie pharmacy customers.
One of Australia’s biggest banks has warned of a “challenging” time for customers as it releases its full-year results.
Aussie shares rallied on Wednesday as the US vote count rolled in showing former President Donald Trump on a clear pathway to victory.
The Australian sharemarket slipped on Tuesday ahead of Wednesday’s seismic US Presidential election.
The Aussie share market rallied strongly off the back of an unexpected polling result out of the US.
The ASX closed down 0.50 per cent on the final trading down of the week, following a horrid day on Wall Street with big tech earnings falling sharply.
The ASX closed down 0.25 per cent as supermarket giants Coles and Woolworths announced weaker than expected sales.
Original URL: https://www.news.com.au/finance/markets/australian-dollar/page/3