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Top related persons:
Rick Wilking - 1 ” - 1 Carol Kong - 1 Ryota Abe - 1 China’s - 1 Khoon Goh - 1
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SINGAPORE Westminster , Colorado Asia
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greenback - 1 REUTERS - 1 U.S - 1 Federal Reserve - 1 Commonwealth Bank of Australia - 1 “ - 1 Fed - 1 European Central Bank - 1

Search resuls for: "Reserve Bank of Australia’s"


5 mentions found


☆ Dollar teeters near one-year low; euro scales 17-month peak
  + stars: | 2023-07-18 | by ( Rae Wee | ) www.reuters.com   time to read: +3 min
FILE PHOTO: U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. “I think the dollar can stay under selling pressure,” said Carol Kong, a currency strategist at Commonwealth Bank of Australia. Money markets have largely priced in a 25-basis-point rate hike from the Fed at its policy meeting later this month, though see rates coming down as early as December. Conversely, investors expect the European Central Bank and the Bank of England to have further to go in their rate-hike cycle. Elsewhere, the Japanese yen rose marginally to 138.66 per dollar and remains more than 4% clear of a seven-month low it hit last month.
Persons: Rick Wilking, ”, Carol Kong, Ryota Abe, China’s, Khoon Goh Organizations: greenback, REUTERS, U.S, Federal Reserve, Commonwealth Bank of Australia, “, Fed, European Central Bank, Bank of England, Bank of Japan, SMBC, Reserve Bank of Australia’s, New Zealand, ANZ Locations: SINGAPORE, Westminster , Colorado, Asia
☆ Australia boasts rare budget surplus, before spending pressures intensify
  + stars: | 2023-05-08 | by ( Wayne Cole | ) www.reuters.com   time to read: +4 min
FILE PHOTO: Tourists walk around the forecourt of Australia's Parliament House in Canberra, Australia, October 16, 2017. “Providing responsible, targeted relief is the number one priority in our Budget,” Chalmers told lawmakers, while also lauding the improvement in the budget bottom line. High prices for Australia’s commodity exports have also delivered a windfall to mining profits, and thus tax receipts, though prices are now well off their peaks. The government also raised its long-term commodity price assumptions in the budget, which is expected to contribute billions of dollars in extra revenues. Walker believed the revised commodity price projections were still conservative.
☆ Yen sinks to 15-year low vs euro as dovish BOJ contrasts with ECB
  + stars: | 2023-05-02 | by ( Kevin Buckland | ) www.reuters.com   time to read: +3 min
TOKYO (Reuters) - The yen continued its steep descent on Tuesday, reaching a 15-year low to the euro, as the implications of a steadfastly dovish Bank of Japan kept foreign exchange markets busy engaging in so called ‘carry-trades’. FILE PHOTO: Japanese Yen and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. The euro was steady at 150.965 yen after earlier touching 151.03 for the first time since September 2008. The greenback was about flat at 137.375 yen, and earlier rose to 137.58 for the first time since March 8. At the RBA, traders are laying 87% odds for no change to policy, although about 11 bps of tightening is priced for the August meeting.
☆ Aussie central bank fix will paper over inflation
  + stars: | 2023-04-04 | by ( Antony Currie | ) www.reuters.com   time to read: +3 min
MELBOURNE, April 4 (Reuters Breakingviews) - Australia’s central bank is getting the builders in – literally and figuratively. The Reserve Bank of Australia’s 1960s Sydney headquarters is currently clad in scaffolding, part of what is supposed to be a two-year, A$200 million-plus ($135 million) renovation. For a central bank, the RBA is particularly quirky. Another major task for the review panel was assessing how the bank combats inflation, which hit 7.8% in the year to December. Treasurer Jim Chalmers on March 31 received the final report on the review of the country’s central bank that he unveiled last July.
☆ Japan’s next central bank chief may rue promotion
  + stars: | 2023-02-13 | by ( Pete Sweeney | Thomson Reuters | Asia Economics Editor Pete Sweeney Joined Reuters Breakingviews In Hong Kong In September Previously He Served As Reuters' Chief Correspondent For China Economy | ) www.reuters.com   time to read: +7 min
In fact, it has spent an average of 1.3 trillion yen per trading day since the band widened: nearly 50 trillion yen in total, per Refinitiv data, and still counting. The central bank already owns over half of Japan’s sovereign bonds and is sure to suffer large losses when their prices fall, which they eventually must. The central bank chief must also work to put the country’s vast stack of inert money back to work. Kuroda effectively put the central bank at the service of former Prime Minister Shinzo Abe’s “Abenomics” stimulus programme. Fumio Kishida, the current leader, is having popularity problems and will want the central bank to support his aggressive agenda, which includes hiking defence spending, promoting innovative startups and redistributing wealth.
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