Also fueling the Aussie Dollar’s gains from ¥77 in early February to ¥87 this week are high and rising Australian interest rates , and a surge in the spot price for iron ore, which hit $167 per ton, led by frantic Chinese steelmakers. … [...]
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Also fueling the Aussie Dollar’s gains from ¥77 in early February to ¥87 this week are high and rising Australian interest rates , and a surge in the spot price for iron ore, which hit $167 per ton, led by frantic Chinese steelmakers. … [...] The Australian dollar was boosted by a central bank official who suggested Australian interest rates will be moving higher sometime soon. RBA official Guy Debelle, said interest rates “look likely to rise a bit further” in a panel … [...] Against the Australian dollar it traded as high as A77.60c before comments by Reserve Bank of Australia assistant governor Guy Debelle suggested Australian interest rates could rise further, pushed it down to A77.40c. … [...] On the other side of the globe, policy makers kept Australian interest rates on hold. Traders had been expecting another rate hike to 4% (current rate 3.75%) and in the absence of that were inclined to sell the Aussie dollar. … [...] However, the CBA forecast tied in with forecast rises in Australian interest rates , which will maintain the Australian dollar’s status as a solid investment. Print. Increase Text Size. Decrease Text Size … [...] Posted by Stephen Hughes at 08:38. Labels: Astralian Dollar outlook, Aussie Dollar exchange rates, Aussie Dollar rates, Australian interest rates , Austrlaian Dollar exchnage rates … [...] The Australian Dollar is one of those and that strengthened quite well this morning as analysts assumed the rises in Australian interest rates would continue in the New Year. However, there is growing speculation that New Zealand will … [...] Australian Interest Rates Back In ‘Normal Range’, . . Dollar Steady Near Multi-Week Highs Versus Euro An.. Australian Dollar Surges as Jobless Rate Unexpectedly Falls Dec 9, 2009 Australian Dollar Surges as Jobless Rate Unexpectedly … [...] While Australia is still very likely to increase interest rates further, traders have already priced-in substantial rate hike expectations. The Aussie dollar came off after the central bank merely expressed patience in implementing the … [...] Tags: Money, Interest Rates . australiandollarchart.png Look around: Israel, Norway, Australia … the punch bowl is slowly being drained. In Australia’s case, they’ve now hiked twice. As such, the Australian Dollar has been one of the … [...] |
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