‘The Australian dollar is often seen as a liquid proxy option for emerging market exposure given the strong Australian economic links with China,’ said NAB’s senior foreign exchange strategist Rodrigo Catril.
Did you know that the Aussie dollar is one of the five most traded currencies in the world? And like many commodity currencies, it can be highly volatile.
The Aussie dollar is getting a boost from stronger commodity prices. Recent price rises have helped push the dollar higher. In my view, I think it pays to watch what the Aussie dollar does this…
The RBA cash rate, whether higher or lower than in the US, makes little difference to the Australian dollar in the medium term. In my view, when it comes to forecasting the Aussie dollar, the…
A lower Aussie dollar may benefit the commodity sector and other export-reliant businesses. But it also drives up prices for consumers. Because we import so many goods, a lower currency means that you’ll pay more…
The dollar creeped higher against the greenback overnight, even peaking over US 80 cents at one stage. It came as the US dollar slid lower, and an uptick in commodity prices. It has since slid…
The question is: Can BHP keep up its momentum? It really comes down to what commodity prices do.
Whether the Aussie dollar is on the verge of bursting through to new highs, or merely flitting higher before a catastrophic fall, comes down to two things.
In our view, there’s really only one ‘safe’ investment. Others may not see it that way. Others may say no investment is truly safe. That’s a fair argument.
Wages growth is non-existent, which means Australia continues to rely heavily on house price growth to make people ‘feel’ wealthier.
While there are the usual calls for the RBA to cut rates to weaken the dollar, my guess is that Stevens will leave rate on hold tomorrow.
At present, we have two economies operating at different speeds, but, in the end, we have one world and it is deflating.
Sydney’s property market is surging again after new figures revealed auction rates have crept above 80% in recent weeks. In an all too familiar tale,
It is official. The RBA has cut the cash rate from 1.75% to 1.5%, a record low for Australia. The rate cut was not a surprise.