Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 201 - 210 of 1265 results for "US DOL"

Australian dollar poses problem for RBA

BENJAMIN ONG  |  MONDAY, 7 AUG 2017
"The Australian economy is evolving broadly as expected. The Bank's forecasts are little changed from those published in the May Statement on Monetary Policy. The economy is expected to grow at an annual rate of around 3% over the next couple of years ...

RBI succumbs to low-flation

BENJAMIN ONG  |  FRIDAY, 4 AUG 2017
The Reserve Bank of India (RBI) cut interest rates by 25 basis points - repo rate to 6% (the first reduction in 10 months and the lowest rate since October 2010) and the reverse repo rate to 5.75% (reversing the 25 bps hike announced only four months ...

Powered by low-flation

BENJAMIN ONG  |  MONDAY, 31 JUL 2017
Wall Street's on a tear with all of the equity market's benchmark indices - S&P 500; Dow Jones; Nasdaq; Russell 2000 - hitting record highs last week. The most proximate cause is, of course, the strong June quarter earnings results. According to Factset ...

Cheaper imports

BENJAMIN ONG  |  FRIDAY, 28 JUL 2017
It got less press than the June quarter CPI report - which showed inflation in Australia remained below the RBA's target in the June quarter - but the Australian bank governor Philip Lowe's address to the Anika Foundation luncheon in Sydney was held ...

Low-flation to lower-flation?

BENJAMIN ONG  |  THURSDAY, 27 JUL 2017
Australian inflation has decelerated - headline inflation slowed to 1.9% in the year to the June quarter from 2.1% in the March quarter. Yet it's also picked up - the weighted median up to 1.8% from 1.7%; but it's also flat - a trimmed mean steady at ...

Not showing: inflation

BENJAMIN ONG  |  MONDAY, 24 JUL 2017
RBA deputy governor Guy Debelle snuffed hawkish interpretations of the minutes of the 4 July RBA meeting - particularly, the minutes' reference to a 3.5% neutral cash rate - reversing the Australian dollar's upward run. "...the current (nominal) cash ...

Jump goes the Aussie

BENJAMIN ONG  |  WEDNESDAY, 19 JUL 2017
Here we go again, extrapolating as we go. After projected to fall to US$0.70 (or less) only last month, the tide has turned for the Australian dollar after it jumped to a 26-month high versus the greenback to US$0.7933. It's now extrapolated to keep ...

The problem with currency extrapolation

BENJAMIN ONG  |  TUESDAY, 18 JUL 2017
It seemed so long ago now that a "bag the Aussie dollar" campaign was what we read in financial media. The Australian dollar was trading at about US$0.75 then, it closed at US$0.7832 on 14 July and is currently trading at US$0.78. It's exactly two months ...

Good goings-on in China

BENJAMIN ONG  |  THURSDAY, 6 JUL 2017
Were it not for North Korean leader Kim Jong-un's "package of gifts" delivered on America's 4th of July Independence Day celebrations, the goings-on in China would remain buried on page 6 of the financial media. This could be because when it comes to ...

Stronger growth sans inflation

BENJAMIN ONG  |  TUESDAY, 4 JUL 2017
As if to further underscore the current growth/inflation conundrum, today's reports show continuing strengthening momentum in the world's major economies - one that quickly followed updates on consumer prices indicating not only that inflation remains ...