Tag: AU
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RBA to hold rates at 3.85% in June, but may raise again soon
BENGALURU, June 2 (Reuters) – Australia’s central bank will keep its key interest rate unchanged at 3.85% on Tuesday despite inflation well above the target range, according to a Reuters poll of economists who were divided on when and where rates would peak this year. The Reserve Bank of Australia (RBA) raised rates last month ... -
Asian shares rise on debt bill progress, Fed pause hopes
SINGAPORE, June 2 (Reuters) – Asian stocks surged on Friday as the progress on the bill to raise U.S. debt ceiling and increasing hopes that the Federal Reserve might stand still on interest rates in its next meeting helped perk up investor appetite for risky assets. The U.S. Senate is on track to pass a ... -
Australia first-quarter business investment hits 7-year high, outlook solid
[1/4] Pedestrians walk in front of a crane and scaffolding on a construction site in central Sydney, Australia, May 31, 2018. REUTERS/David Gray SYDNEY, June 1 (Reuters) – Australian business investment rose to a seven-year high in the first quarter, helped by a jump in spending on mining, manufacturing and transport, while firms affirmed plans ... -
Dollar retreats as Fed pause eyed; U.S. debt deal clears House
SINGAPORE, June 1 (Reuters) – The dollar retreated from a two-week top against its major peers on Thursday as investors trimmed bets that the Federal Reserve will raise interest rates this month, though the looming debt ceiling deadline gave safe haven support to the greenback. A divided U.S. House of Representatives passed a bill to ... -
Resource-rich Western Australia set to elect deputy premier as new leader
SYDNEY, May 31 (Reuters) – Australia’s largest state by land area, resource-rich Western Australia, is set to elect deputy premier Roger Cook as its new leader after he secured the support of most legislators from his party. Mark McGowan resigned as the state’s leader on Monday in a surprise announcement citing exhaustion, after guiding the ... -
Asia stocks, yuan slump as data dashes China hopes
China PMIs miss expectations MSCI Asia ex-Japan index down 1% Yuan hits six month low; Hang Seng down 20% from Jan. peak SINGAPORE, May 31 (Reuters) – China’s yuan hit a six-month low and Asia’s stockmarkets staggered toward a second month of losses on Wednesday as weak factory activity figures offered the latest evidence that ... -
Dollar sags versus yen after Japan warning; Aussie slides on China data
TOKYO, May 31 (Reuters) – The dollar languished below the psychological 140 yen level on Wednesday after getting knocked back from a six-month high after Japanese officials met on Tuesday to discuss their currency. The Australian dollar rode a rollercoaster after it jumped on heated local inflation data only to be dragged lower moments later ... -
Australia releases mine waste map for critical minerals supply
MELBOURNE, May 31 (Reuters) – Australia has released a map of sites containing mine waste that could be reprocessed to source minerals critical to the global energy transition, the government said on Wednesday. Metals like copper, nickel and cobalt are expected to be in short supply over the coming decades given demand growth from green ... -
Morning Bid: All eyes on China’s PMIs
May 31 (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Asian market focus on Wednesday turns to Chinese purchasing managers index figures, which will give the first insight into factory and service sector activity in the world’s second largest economy in May. Japanese retail sales, South Korean retail sales, ... -
Yen firms on policymaker meeting, dollar swings after debt deal
[1/2] Japanese Yen and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration LONDON, May 30 (Reuters) – Currency markets were choppy on Tuesday as the dollar hit a 10-week high against peers and a six-month top versus the yen before Japanese officials gave their currency a nudge, as investors ...
