Australia has at least two of three key components in place that are necessary to restart its economy: historically low interest rates and a rapidly falling currency. Now we just need to see who prevails at the polls. Read More
News & Notes
This week the Fed sought to allay concerns about an imminent end to monetary easing, which prompted a rise in global markets. Meanwhile, China, which is Australia’s largest trading partner, has signaled its willingness to tolerate a further slowdown in its economy. Read More
The strong Australian dollar has been a major headwind for the economy, and anxious traders have done the country’s central bank a big favor by pushing the currency lower. Read More
With investment in Australia’s resource sector likely peaking this year, policymakers are trying to spur growth in other areas of the economy. Read More
As of this week the Australian dollar is the third major currency to be traded directly with the Chinese yuan, joining the US dollar and the Japanese yen. Read More
The Australian dollar has bounced off a five-month low versus the US dollar on solid economic news and more interest from foreign investors seeking to diversify their holdings. Read More
Australian Prime Minister Julia Gillard has broken with tradition by declaring a parliamentary election seven and a half months ahead of the day of the vote. Ms. Gillard’s campaign is off to a rocky start. Read More
Alcoa Inc (NYSE: AA), traditionally the lead act in the quarterly numbers show, had good news for the market and better news for its partner, Australia-based Alumina Ltd (ASX: AWC, NYSE: AWC). Read More
The Reserve Bank of Australia cut its cash rate two times in its last three meetings. And yet the Australian dollar climbs. Read More
China’s population of wealth consumers is set to explode by the end of the current decade, an important aspect of its transition to a consumption-led growth model. Read More