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Tag: RBA

Dollar wobbles as markets await more Fed clues; RBA meeting in focus

By Kevin Buckland TOKYO (Reuters) – The dollar drifted lower on Tuesday, extending the previous day’s losses against the euro and sterling, as market jitters over the risks of a far-right French government receded. The U.S. currency failed to get a lift from a rise in Treasury yields overnight, with investors awaiting a key retail […]

Australia’s Budget Boost Risks More Hawkish RBA, Economists Warn

(Bloomberg) — Australia’s central bank is likely to keep interest rates elevated for longer, economists said, despite Tuesday’s budget forecasting inflation to fall back within the 2-3% target by year’s end, a result that would normally open the door to earlier easing. Most Read from Bloomberg The center-left Labor government’s energy rebates and rent assistance […]

RBA Sees Living-Cost Pressure Weighing on Growth, Documents Show

(Bloomberg) — Australia’s central bank says meetings with industry and community groups suggest rising prices and elevated interest rates are weighing on consumption and broader economic growth, according to internal documents dated from September through November. Most Read from Bloomberg “Retailers report that consumers, particularly those facing higher cost-of-living pressures, are more budget conscious in […]