Archive for September 6th, 2022

Central Bank Watch

Fifty Basis Point Central Bank Rate Hike in Australia

September 6, 2022

The Reserve Bank of Australia’s Official Cash Rate, as expected, has underwent its fourth straight monthly half percentage point increase. At a 7.5-year high of 2.35%, the new OCR level compares to 0.10% prior to an initial 25-basis point move in early May. A released statement from RBA Governor Lowe projects a further rise of […] More

New Overnight Developments Abroad - Daily Update

Dollar and Share Price Futures Move Higher Together

September 6, 2022

The recent pattern of opposite directional movement in the dollar and U.S. share prices was not experienced today. The weighted DXY dollar index climbed 0.7% to another new 20-year high, with overnight gains of 1.3% against the Japanese yen, 0.6% versus the Australian dollar, and 0.4% relative to the Chinese yuan and Swiss franc. Sterling […] More