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Wednesday, 10 June 2015
News

USD broadly lower against its major rivals

USD fell against its major rivals today. Though there were no major data releases and despite decline in Westpac Consumer Confidence Aussie managed to break decisively above 0.77 handle and is currently being traded few points below 0.7750 level. Reserve Bank of Australia Governor Glenn Stevens, in his speech earlier today, signaled the possibility of further interest rate cuts in the future but added that policymakers should not expect too much from monetary policy, warning that it could lead to "much bigger problems" for the economy. 
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Wednesday, 27 May 2015
News

Markets little changed in a quite Wednesday trade

There are no major data releases today, so traders are being focused more on global concerns. RBA Assistant Governor Lowe said this morning that rising property prices, household debt and unemployment have increased the risks in bank mortgage books. He dismissed suggestions that lending limits imposed on the banks were put in place to let the RBA cut interest rates further. He said they were designed “to make sure the banking system is adequately dealing with a rising risk in mortgage loan portfolios.My subjective assessment would be the level of risk in bank mortgage portfolios has risen over the past couple of years,” Lowe told a Thomson Reuters conference in Sydney during a Q&A session.
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Friday, 15 May 2015
News

Is Aussie ready for an uptrend?

Despite RBA's wish for lower exchange rates the AUD sentiment has  improved due to weaker than expected recent US data, especially Retail Sales figures. This rebound is in line with the RBA’s steady outlook and the iron ore price recovery. Despite cutting interest rates this May the Reserve Bank of Australia still has a fight on its hands – trying to manage a strong Australian dollar. On the other hand the US dollar is forecasted to remain soft over the course of the coming month by Australia’s Westpac bank who says the currency remains overvalued.
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Tuesday, 03 March 2015
News

Aussie up after RBA left interest rates unchanged

While analysts were anticipating cut in interest rates RBA "At judged that, having eased monetary policy at the previous meeting, it was appropriate to hold interest rates steady for the time being. Further easing of policy may be appropriate over the period ahead, in order to foster sustainable growth in demand and inflation consistent with the target," a statement said."The Board will further assess the case for such action at forthcoming meetings."
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