(Bloomberg) — The Australian dollar may be headed for its first annual gain since 2020, as the central bank keeps interest rates high and the economy benefits from expected Chinese stimulus. Most Read from Bloomberg The Aussie will climb as high as 68 cents by December, according to Westpac Banking Corp. and Bank of America…
By Lucy Craymer WELLINGTON (Reuters) – Corey Ngaru and his partner Elian Lellimo left recession-hit New Zealand for the sunshine of Australia’s Gold Coast just a week ago, bidding a teary farewell to family and friends as they seek better jobs and pay elsewhere. “There’s a bunch more options, more opportunities,” said Ngaru, who estimates…
By Devayani Sathyan BENGALURU (Reuters) – Home prices in Australia will rise less quickly this year than previously thought, with only modest support from further interest rate cuts, according to a Reuters poll of property analysts. A shortage of new homes, together with a stretched price to income ratio after a more than 40% jump…
MELBOURNE, Australia (AP) — Australia’s central bank on Tuesday reduced its benchmark interest rate for the first time since October 2020 as the nation’s inflation cools. The Reserve Bank of Australia reduced the cash rate by a quarter percentage point from 4.35% to 4.1%. at its first board meeting for the year. The cut was…
A look at the day ahead in U.S. and global markets from Mike Dolan Helped by a backup in U.S. Treasury yields, the dollar has rediscovered its mojo ahead of a wave of overseas interest rate cuts this week, with China’s markets giving only a hesitant welcome to Beijing’s new policy orientation. As Treasury debt…
(Bloomberg) — Bonds from Australia to Japan are falling as investors mull prospects of slower US interest-rate cuts, a trend that risks upending debt positions everywhere. Most Read from Bloomberg Yields on Australian notes due in a decade jumped as much as 15 basis points, New Zealand’s 10-year yields climbed seven basis points, while those…
Australia’s central bank is still running through the local implications of China’s stimulus measures as officials prepare the Reserve Bank’s latest update of forecasts for next month’s board meeting, Assistant Governor Sarah Hunter said. “It’s obviously very recent news,” Hunter said in an interview with Bloomberg Television in Sydney on Wednesday. “We are factoring it…