Strong USD reflects (deflects) lift-offBY BENJAMIN ONG | WEDNESDAY, 27 MAY 2015 9:50AMA strong currency is a 'de facto' interest rate hike. It slows the economy by making exports less competitive and imports cheaper and it also erodes earnings of offshore US companies when translated back into the greenback. And oh, it also reduces inflation pressure. Related News |
Editor's Choice
Iress says its GitHub user space was breached
Iress has disclosed to shareholders that its private user space with software code repository GitHub was subjected to a cyber-attack over the weekend.
Federal Court rejects two CBA class actions
The Federal Court shut down two class actions against Commonwealth Bank of Australia (CBA) relating to anti-money laundering and counter-terrorism financing (AML/CTF).
Chalmers makes bold inflation prediction
The Federal Treasurer says he believes inflation will come back into the Reserve Bank's target range sooner than predicted.
UniSuper restores online services, app
UniSuper's systems are back online, after close to two weeks of disruption.
Products
Featured Profile
Robert De Dominicis
CHIEF EXECUTIVE OFFICER
GBST HOLDINGS LIMITED
GBST HOLDINGS LIMITED
It was during a family sojourn to the seaside town of Pescara, Italy, Rob DeDominicis first laid eyes on what would become the harbinger of his future. Andrew McKean writes.