The AUD traded in a very tight range against most of its trading partners on Monday. There were no tier one data releases locally or abroad which contributed significantly to the lack of volatility. Today we look forward to the Monetary Policy Meeting Minutes from the RBA at 11:30 AEST. Given last month’s rise in […]

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Aussie shares had a soft day Friday but are expected to open 10 points higher today as reporting season enters its busiest few days. More than 90 companies are expected to release their numbers this week led by a handful of mining heavyweights. The US markets started slowly Friday but erased losses later in the […]

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AUD The Australian dollar weakened slightly yesterday after survey showed slightly lower expectations of inflation after the government moved to repeal a tax on carbon. The August MI inflation expectations for the trimmed mean came in at 2.6% from 2.7% in July.   USD Out of the US, weekly applications for unemployment aid climbed 21,000 […]

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 The beginning of this year was marked by relatively favorable economic developments that have in the meantime faded and allowed for the return of recession. Although seasonally adjusted GDP increased by 0.3% in the first quarter compared to the fourth quarter of 2013, this encouraging upturn was not sufficient to compensate for a 0.7% drop […]

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The Australian dollar traded steadily on Friday, after sustaining sharp losses a day earlier. The RBA lowered its forecast for GDP of 2-3% in the year through June 2015, down from 2.25-3.25% in the May projection. The RBA added that the unemployment rate was likely to “remain elevated for some time”. The RBA statement also […]

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