Aussie Interest Rates unchanged

Tuesday, 3 May 2011 08:34

The Reserve Bank of Australia announced its decision of keeping interest rates unchanged at 4.75%, as the previous value and as it was forecasted for this month. This is the fifth meeting that the cash rates have remained unchanged by RBA.

Dollar’s poor times

Thursday, 28 April 2011 02:51

The USD weakens against most major currencies making the currency look weak against its rivals. The Japanese currency is recovering against the Dollar after a few ‘bombs’ in Japan from the S&P announcement. The Euro peaked to a 16-month high price against the Dollar at 1.4881 and the Aussie Dollar also gained a fair amount against the U.S Dollar, reaching 1.0947 from 1.0865. Aussie is continuing to look hawkish.

Aussie going strong

Wednesday, 20 April 2011 12:07

Australia hits a new 29-year against the U.S Dollar trading in the forex market at 1.0599. Aussie rose from a low of 1.0442 to spike another high price of almost 3 decades, the previous high was 1.0577.

Australian export prices hopped 5.2% in the first quarter.

Australian shares drifted up 0.1 % in early trading

Monday, 18 April 2011 07:01

Australian shares drifted up 0.1 % in early trading but weaker commodity held back any serious gains.

Australian stocks fell 1.3 % on Tuesday

Tuesday, 12 April 2011 07:33

Australian stocks fell 1.3 % on Tuesday, the biggest one-day loss in four weeks after hitting a 12 month high the previous session, miners and energy stocks were the main culprits.