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Chief economist update: Vaccine optimism sparks AUD resurgence
BENJAMIN ONG  |  WEDNESDAY, 18 NOV 2020
The Australian dollar is back! Back above the US$0.73 level that is.
Chief economist update: A vaccine and a better vaccine
BENJAMIN ONG  |  TUESDAY, 17 NOV 2020
It's not even December yet but it's as though Christmas has come to Wall Street, with news of a better COVID-19 vaccine sending both the S&P 500 index and the Dow Jones Industrials Average soaring to record highs overnight.
Chief economist update: Japan's third wave
BENJAMIN ONG  |  MONDAY, 16 NOV 2020
On October 29, in the face of declining COVID-19 infection rates, the Bank of Japan kept its monetary policy unchanged. Fast forward a fortnight and the country has found itself in the middle of a third wave.
Chief economist update: We're not there yet
BENJAMIN ONG  |  FRIDAY, 13 NOV 2020
The head honchos of the Fed, ECB and the BOE's collective and cautionary missive comes amid a backdrop of recent COVID-19 vaccine optimism and the rising cases of infections and deaths in their respective domains.
Chief economist update: Oil could slip on fresh lockdowns
BENJAMIN ONG  |  THURSDAY, 12 NOV 2020
News that a COVID-19 vaccine is nigh has injected optimism in the world economies, financial markets and commodity markets, including oil.
Chief economist update: Letter V going viral in Australia
BENJAMIN ONG  |  WEDNESDAY, 11 NOV 2020
The letter V is going viral in Australia (pardon the pun). It was most recently seen in the NAB Business Survey for October, underscored by the sharp rebound in business confidence and business conditions.
Chief economist update: V for vaccine
BENJAMIN ONG  |  TUESDAY, 10 NOV 2020
The latest COVID-19 vaccine development has eased concerns over Joe Biden's win and the likely potential for a double-dip in the US economy.
Chief economist update: Biden cooks Donald's duck
BENJAMIN ONG  |  MONDAY, 9 NOV 2020
President-elect Joe Biden's victory speech offers a reboot for America - a cleansing of the division, misinformation and rogue leadership that has characterised the White House over the past four years.
RBA measures not solely due to COVID: Treasury
ELIZA BAVIN  |  FRIDAY, 6 NOV 2020
The unconventional monetary policy measures launched by the Reserve Bank of Australia are not solely a result of the COVID-19 shock, Treasury Secretary Steven Kennedy said.
Chief economist update: More money for reimposed lockdown
BENJAMIN ONG  |  FRIDAY, 6 NOV 2020
The US presidential election remains undecided, with uncertainty prompting the Federal Reserve to keep the status quo. It's the complete opposite of what's happening on the other side of the Atlantic, where both fiscal and monetary policies have come ...
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