A cut today will see a short term fall in the Aussie Dollar, but it’s likely it will trade higher once again when the ‘effect’ of the rate cut has worn off.
Is this the cosmos saying that the government’s new budget is in tatters already? As far as signs go, it looks like a pretty obvious one to me.
The RBA decided to cut the cash rate by 0.25%, to 1.75%. Their rationale for doing so was to prop up inflation.
There’s a perennial problem when you read anything about finance. Most of it is junk economics based on theory, not facts.
China was a hot topic for the RBA. The RBA was concerned over recent Chinese economic data, which was weaker than expected.
The Aussie Dollar's latest rally started in March. And if we want to get more specific, the rally kicked off at exactly 2:00pm AEST, 1 March.
BlueScope Steel announced an underlying profit increase of 116% to $200.1 million. But was this the true performance of the business?
The US dollar gold price has collapsed for five years straight. So, I wouldn’t back up the truck and buy gold stocks right now.
Amcor Limited [ASX:AMC], Australia’s biggest packing company, has fallen short on H1 profits. Unstable global times have strained many industries.
The Australian dollar broke through US$0.71 last night. The jump was sparked by a weakening US dollar.