Reserve Bank of Australia

Reserve Bank of Australia Eases Policy Further… Not a Surprise

November 3, 2020

Policymakers at the Reserve Bank of Australia enacted their first Overnight Cash Rate (OCR) cut since March and introduced a program of government bond purchases, which will total A$ 100 billion over the coming six months and likely continue longer. Although the short-term economic outlook is better than at the time of the last full […] More

U.S. Election Day Has Come, and Stocks Are Rallying Around the World

November 3, 2020

There is a mood of trepidation this Election Day. Record numbers were cast early, and the choice is considered the starkest in living memory. Fears center on the possibility of a contested outcome and ensuing violence, with interference from cyber meddling and other glitches in counting the results. Despite widespread agreement that America is going […] More

Stocks Up, Dollar Marginally Lower, and Trump Out of the Hospital

October 6, 2020

Share prices overnight rose 1.5% in India, 1.2% in Taiwan, 0.8% in Indonesia, and 0.5% in Japan. Markets have also climbed 0.7% in New Zealand and 0.3% in Australia. In Europe so far, equities have risen 1.0% in Spain, 0.8% in Italy , 0.5% in France, 0.3% in Germany but just 0.1% in Great Britain. […] More

Dollar Loses More Ground as Trump’s Reelection Prospects Improve

September 1, 2020

On the heels of a weak performance in August, the dollar fell another 0.8% against sterling overnight and also lost 0.5% relative to the euro, kiwi, and peso, 0.4% versus the yuan, 0.3% vis-a-vis the loonie, and 0.1% against the yen and Australian dollar. It also costs more dollars today than yesterday to buy commodities […] More

Dollar Slips to 27-Month Low, While Gold and Stocks Strengthen

August 18, 2020

The dollar dropped overnight by 0.5% against the peso and sterling, 0.4% relative to the yen, 0.3% vis-a-vis the loonie, 0.2% versus the Australian dollar and 0.1% against the Swiss franc and yuan. The U.S. currency in trade-weighted terms touched more than a 2-year low. Recent selling pressure on the dollar has been driven by […] More

Sovereign Debt Yields Lower and Dollar Modestly Higher

August 4, 2020

Ten-year sovereign debt yields fell overnight by two basis points in the U.S. and Germany and by a basis point in the U.K. and Japan. Stock markets started strong in Asia, but the performance subsequently turned mixed. Share prices close up 2.0% in Hong Kong and India, 1.9% in Australia, 1.7% in Japan, 1.6% in […] More

Reserve Bank of Australia

June 2, 2020

As was expected, Australia’s central bank board left its official cash rate unchanged at 0.25% and reiterated that “it is likely this monetary support will be required for some time.” In assessing the future, Governor Lowe opined, ” the outlook, including the nature and speed of the expected recovery, remains highly uncertain and the pandemic […] More

Dollar Down, Equities Up, as American Street Protests Intensify

June 2, 2020

President Trump ramped up the confrontational rhetoric against store looting, promising to dominate urban streets with military force if need be. This threat of an American Tiananmen only riled up protesters further overnight, with cops injured in Las Vegas and St. Louis and the Macy’s NYC flagship store vandalized. If nothing else, the standoff has […] More

More Weak Data, More Holiday Closures, and a Few Monetary Policy Reviews

May 5, 2020

Markets didn’t trade today in China (Labor Day), Japan (Children’s Day), or South Korea (also Children’s Day). Share prices elsewhere in the Pacific Rim went up 1.6% in Australian, 1.1% in Hong Kong, 0.9% in Malaysia (aided by an interest rate cut), and 0.5% in Indonesia and Taiwan. India’s Sensex index fell 0.8%, but European […] More

Bigger Risk Appetite of Monday Continues

April 7, 2020

Share prices in Asia closed up 9.0% in India, 4.1% in Singapore, 2.1% in China and Hong Kong, 2.0% in Japan and 1.8% in South Korea and Taiwan. Equity markets so far in Europe show additional gains today of 4.3% in Italy, 4.0% in Germany, 3.1% in France, 3.5% in Spain and 3.0% in the […] More

css.php