AUD/USD steady as RBA keeps rates unchanged and describes Aussie as overvalued
The Reserve Bank of Australia kept interest rates at 2.5 percent and commented on the strength of the national currency, which has remained stubbornly high despite declining commodity prices. The Reserve Bank of More...
The Australian dollar remains weak amid mounting geopolitical tensions and the flat outlook for interest rates
The Australian dollar declined further in the past week as traders opted for the safety of the yen and the US dollar, with geopolitical conflicts raging globally. The Australian dollar depreciated further over More...
RBA maintains record low interest rate to boost jobs and achieve economy rebalancing
The Reserve Bank of Australia continues to maintain a record low interest rate in its attempt to rebalance the economy towards industries including residential building. The Reserve Bank of Australia not only maintained More...
