RBA stays cautious on rates outlook
Australia’s central bank has indicated it will remain cautious for now, saying steady rates are appropriate for now.
Australia’s central bank has indicated it will remain cautious for now, saying steady rates are appropriate for now.
The local unit has remained well supported in afternoon trade, edging closer towards US75c.
The local unit has rebounded sharply amid a recovery in oil prices and stronger risk appetite.
The Aussie has lifted closer to US74c as traders await the RBA’s minutes and UK referendum.
The local unit has remained strongly supported by the weaker greenback, as Chinese iron ore imports edged up.
The local unit has seen collateral damage from jitters over Japanese economic weakness.
The local unit is firmly above US72c as pundits lift expectations for tomorrow’s GDP print.
Traders remain jittery ahead of GDP data, amid speculation over RBA and Federal Reserve policy.
The local unit may be set for further losses in coming months as global and domestic forces combine.
The local unit has slumped in the wake of Glenn Stevens’ speech, and amid crumbling iron ore prices.
Original URL: https://www.theaustralian.com.au/author/james-glynn/page/29