RBC’s

Federal Reserve’s backtracking lifts Australian dollar

Federal Reserve’s backtracking lifts Australian dollar

US curve adds interest”The [US] dollar’s weaker and commodity prices are higher, and high-beta currencies like Aussie have done very well post the Fed. The other interesting mover has just been the curve shape in the US,” Ms Auld said, referring to the steepening curve in response to a view that the Fed has become…


Economists hope labour market will offset consumer spending concerns

Economists hope labour market will offset consumer spending concerns

CBA senior economist Kristina Clifton agreed the central bank will pay close attention to the employment data.”One of the things that the RBA has been saying is that one of their risks to the outlook comes down to consumer spending and how households are managing,” said Ms Clifton.In an environment of falling dwelling prices and…