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Showing 31 - 40 of 365 results for "Exchange Rate"

Chief economist update: Lowe taking interest rates lower

BENJAMIN ONG  |  FRIDAY, 16 OCT 2020
... "Australia is a mid-sized open economy in an interconnected world, so what happens abroad has an impact here on both our exchange rate and our yield curve. In the past, the interest differentials provided a reasonable gauge to the relative stance of ...

Chief economist update: Get shorty

BENJAMIN ONG  |  TUESDAY, 13 OCT 2020
The People's Bank of China (PBOC) cut the foreign exchange risk reserve ratio for forward contracts to 0% from 20% over the weekend, effectively giving its blessing to currency traders to "get shorty". The PBOC imposed the 20% risk reserve ratio ...

Chief economist update: RBA negative on negative interest rate policy

BENJAMIN ONG  |  WEDNESDAY, 23 SEP 2020
... Debelle notes: "The empirical evidence on negative rates is mixed. In the short-term, they can contribute to a lower exchange rate. In the medium term, the effectiveness can wane including through the effect on the financial system. Negative rates can ...

Chief economist update: ECB keeps it steady

BENJAMIN ONG  |  FRIDAY, 11 SEP 2020
... currency - to which ECB president Christine Lagarde explained that while it was discussed the bank does not target the exchange rate. The euro has appreciated by 5.8% against the US dollar this year to date and by 11.1% from the 2020 low recorded on ...

NPS buffers COVID-19 shocks

KARREN VERGARA  |  TUESDAY, 1 SEP 2020
... driven by interest and dividend income, as well as foreign currency translation gains from an increase in the USD-KRW exchange rate. NPS is the world's third largest pension fund with KRW752.2 trillion ($859bn) assets under management. Since it was ...

Chief economist update: AUD on the up and up

BENJAMIN ONG  |  TUESDAY, 1 SEP 2020
... "extent and duration of the pandemic" caveats on their forecasts - and the global economy is in recession. The A$/US$ exchange rate ended the month of August at US$0.7396 - the highest since late 2018, a 5.2% appreciation from the start of 2020 and a ...

Chi-X TraCRs added to specialist platform

ALLY SELBY  |  WEDNESDAY, 5 AUG 2020
Chi-X TraCRs and funds will now be offered on a privately owned wealth management platform, granting financial advisers and their clients access to some of the world's biggest listed companies. All 35 Chi-X TraCRs and all quoted Chi-X Funds are ...

No such thing as a free lunch: Lowe

ELIZA BAVIN  |  WEDNESDAY, 22 JUL 2020
... of the international evidence is that the main potential benefit from negative rates is downward pressure on the exchange rate," he said. "But negative interest rates come with costs too. They can cause stresses in the financial system that are unhelpful ...

Chief economist update: COVID-19 nightmare makes Brexit a dream

BENJAMIN ONG  |  THURSDAY, 18 JUN 2020
... United Kingdom leaving the European Union (EU). The uncertainty (horror) of it all sent Sterling's effective exchange rate diving from its 2008 high of 94.7 to 73.8 - its lowest since 2009. At the same time, the FTSE-100 index cratered from a high ...

Chief economist update: Better than all the rest

BENJAMIN ONG  |  FRIDAY, 29 MAY 2020
... longer than expected. Surprisingly, despite Australia's relative economic outlook outperformance, the A$/US$ exchange rate rose by ONLY 0.5% to US$0.6657 on the day and the All Ordinaries index increased by ONLY 1.2%. Investors should not only be ...