The dollar climbed sharply today after the Reserve Bank of Australia left interest rates unchanged and indicated there is little rush to cut rates again soon. Earlier, government data showed retail sales rose at their fast pace in seven ...
Research by accounting software provider MYOB reveals the economic confidence and overall business outlook of small to medium business operators (SMEs) is finally on the rise. The March 2013 MYOB Business Monitor found over one quarter of ...
Tags: MYOB, SMEs, MYOB Business Monitor
The Australian dollar is more than half a US cent higher ahead of the Reserve Bank of Australia's March interest rate decision. At 6.30am AEDT, the currency was trading at 101.81 US cents, up from 101.25 US cents on Monday afternoon. ...
Tags: Australian dollar, US cent, currency
The sharemarket closed at its highest level in more than four years, with gains across the board. The benchmark S&P/ASX 200 index had risen 18.5 points, or 0.37 per cent, to 5081.9 points, while the broader All Ordinaries index had added ...
Tags: Stocks, sharemarket, benchmark
The sharemarket rose to a multi-year high yesterday amid growing optimism about corporate earnings and continued weakness in the domestic bond market. Minutes from the Reserve Bank's February board meeting left the door open to more ...
Tags: Earnings, sharemarket, bond market
The sharemarket was flat today after reaching a multi-year high amid mixed earnings reports, benign minutes from the Reserve Bank of Australia's January board meeting, and a lack of direction from US markets after Presidents' Day. ...
Tags: Stocks flat, earnings, sharemarket
A sharp rise in consumer confidence in February fuelled a strong bounce by the dollar yesterday. At 5pm AEDT, the currency was trading at $1.0339, up US0.84c, after touching an intraday high of $US1.0361. A survey published by Westpac ...
The Australian Retailers Association (ARA) said the 0.2 per cent month on month drop in December retail trade reported by the Australian Bureau of Statistics would be disappointing to retailers who were hoping for a boost in sales over the ...
Tags: Australian Retailers, ARA, Office Supplies
The Australian dollar gained after rises on US sharemarkets helped the currency rebound from an earlier sell-off. At 7am AEDT the currency was trading at 104.12 US cents, up from 104.06 US cents at yesterday’s local close. BK ...
Tags: Australian dollar, US, sharemarkets
Innes Willox … call for rate cuts Australia's manufacturing sector contracted for the 11th straight month in January, prompting a call for further interest rate cuts. The latest Australian Industry Group Australian Performance of ...
Tags: Innes Willox, manufacturing sector, January
The Australian dollar was flat of the Reserve Bank of Australia's first board meeting for 2013. At 6.30am AEDT the currency was trading at 104.37 US cents, the same level as at yesterday’s close. The RBA holds its first board ...
Tags: Australian dollar, RBA rates, cash rate
The Australian dollar rose today following rallies on US share markets on Friday night. At 6.30am AEDT the currency was trading at 104.04 US cents, up from 103.99 US cents at the local close on Friday. The dollar fell as low as 103.61 ...
At 5pm AEDT, the Aussie was trading at $US1.0452, up from $US1.0449 on Friday. Since 7am AEDT, the local currency traded between $US1.0406 and $US1.0454. CMC Markets foreign exchange dealer Tim Waterer said the dollar had fallen over ...
Tags: AEDT, Aussie, local currency
The Australian dollar fell as news that North Korea planned more rocket launches hurt sentiment already weakened by disappointing earnings from Apple and a downgrade to the International Monetary Fund's global growth forecast. At 4.08pm ...
Tags: Dollar, Aussie dollar, Australian dollar
The sharemarket rose yesterday, led by BHP Billiton after its first-half production report broadly met expectations. Australia's big four banks climbed on speculation that interest rates may drop further. The benchmark S&P/ASX 200 ...
Tags: sharemarket, BHP, banks