Australia, NZ dlrs Struggle near two-year lows, data on help
6 days, 5 hours ago

Australia, NZ dlrs Struggle near two-year lows, data on help

Live Mint  

By Wayne Cole SYDNEY, Jan 9 - The Australian dollar and New Zealand dollars wallowed near two-year lows on Thursday as their U.S. counterpart caught an updraught from lofty Treasury yields, while domestic data disappointed high expectations. Figures showed Australian retail sales rose a solid 0.8% in November as Black Friday discounting attracted frugal shoppers, but that missed market forecasts of a 1.0% increase. That would be the smallest rise since mid-2021 and would imply a six-month annualised pace of just 2.6%, well within the Reserve Bank of Australia's 2-3% target band. Markets imply around a 75% probability of a quarter point reduction in the 4.35% cash rate next month and At the same time, investors have scaled back expectations for U.S. easing and see rates there bottoming around 3.90%.

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Dollar firms as US rates outlook dominates
3 weeks, 1 day ago

Dollar firms as US rates outlook dominates

Live Mint  

By Rae Wee SINGORE, - The dollar was on the front foot on Tuesday as the prospect of higher-for-longer U.S. interest rates remained top of investors' minds, leaving other currencies struggling near milestone lows. The Bank of Japan last week kept rates on hold and stayed vague on when it could next raise rates, an outcome which was in stark …

New Zealand sinks into recession, 5 things to know about its economic decline
3 weeks, 5 days ago

New Zealand sinks into recession, 5 things to know about its economic decline

Firstpost  

Widespread weakness across sectors, declining household and government spending, and a shrinking GDP per capita have created difficulties for New Zealand. The downturn pressures policymakers to cut rates further amid hopes of a gradual recovery New Zealand has officially entered a recession as the economy shrank for the second consecutive quarter, marking its steepest contraction in over three decades, excluding …

Dollar charges ahead on haw
3 weeks, 6 days ago

Dollar charges ahead on haw

Live Mint  

By Rae Wee SINGAPORE, Dec 19 - The dollar flirted with a two-year peak on Thursday after the Federal Reserve signalled a slower pace of rate cuts in 2025, while the yen slid to a one-month low ahead of a policy decision by the Bank of Japan later in the day. The hawkish tilt from Fed Chair Jerome Powell and …

Major blow for Aussies just before Christmas as Reserve Bank makes interest rate decision
1 month ago

Major blow for Aussies just before Christmas as Reserve Bank makes interest rate decision

Daily Mail  

Australian home borrowers have been dealt a severe blow just before Christmas with the Reserve Bank denying them a rate cut. Governor Michele Bullock gave a strong hint rate cuts could be months away with inflation still too high, ahead of an election next year. Australian home borrowers have been dealt a severe blow just before Christmas with the Reserve …

New Zealand's economic woes lure thousands of Kiwis to Australia
2 months, 4 weeks ago

New Zealand's economic woes lure thousands of Kiwis to Australia

ABC  

Australia and New Zealand are neighbours, friends and sporting competitors. The interest rate on repayments is higher than the cash rate set by the Reserve Bank of New Zealand, so when their introductory offer expired, repayments went from "two point something" on their mortgage to 7.15 per cent. "It's going to be a triple-dip recession with three episodes of two …

Dollar stable, yen wobbles ahead of US inflation data
4 months ago

Dollar stable, yen wobbles ahead of US inflation data

Hindustan Times  

By Ankur Banerjee Dollar stable, yen wobbles ahead of US inflation data SINGORE -The dollar was steady on Tuesday and the yen inched away from one-month highs in cautious trading as investors braced for U.S. inflation data and reassess expectations of a large interest rate cut from the Federal Reserve next week. A mixed labour report on Friday failed to …

Inflation figures Australia: Major development in country's cost of living battle
11 months, 2 weeks ago

Inflation figures Australia: Major development in country's cost of living battle

Daily Mail  

Inflation has fallen significantly to a two-year low just months before lower and middle-income Australians are due to receive bigger tax cuts. This was the lowest headline inflation rate since December 2021, when it was at 3.5 per cent following the lockdowns in Sydney and Melbourne but before Russia's Ukraine invasion pushed petrol prices above $2 a litre. Inflation has …

Why New Zealand is beating Australia in the race that no-one wants to win — to a full-blown recession
1 year, 9 months ago

Why New Zealand is beating Australia in the race that no-one wants to win — to a full-blown recession

ABC  

It takes around three hours and 10 minutes to cross the Ditch — the 2,225 kilometre stretch of the Tasman Sea that separates Sydney and Wellington. While the Reserve Bank of Australia called a halt in rate hikes — leaving the cash rate at 3.6 per cent — the Kiwis doubled down, literally, with a double rate hike of 0.5 …

Australians feeling the sting of inflation and rising interest rates could soon face a recession — and more pain
1 year, 10 months ago

Australians feeling the sting of inflation and rising interest rates could soon face a recession — and more pain

ABC  

What happens on the other side of trouble? The National Accounts, which also measure inflation with what's called the GDP "price deflator", has the cost of living rising at 9.1 per cent. AMP senior economist Diana Mousina puts the "recession probability in the next two years as high, around 40 per cent". "That's almost half the 4.7 per cent annual …

Australian dollar tumbles after New Zealand's Reserve Bank warns of interest rate cut
5 years, 9 months ago

Australian dollar tumbles after New Zealand's Reserve Bank warns of interest rate cut

ABC  

The Australian dollar has fallen sharply against major currencies, after the Reserve Bank of New Zealand unexpectedly warned, on Wednesday, that its next move in interest rates might be a rate cut. Market snapshot at 8:15am : ASX SPI futures flat at 6,113, ASX 200 flat at 6,136 AUD: 70.83 US cents, 53.61 British pence, 62.97 euro cents, 78.24 Japanese …

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