Aussie CPI puts RBA Melbourne Cup decision in doubt

The Australian Bureau of Statistics released the CPI report for the third quarter at 11.30am. Headline CPI for the quarter was 0.7% (0.9% exp) and the annualised figure came out... » Read more

RBA October 2010 Board Meeting Minutes

The RBA released the minutes of the October 5th Board meeting at 11.30am today. The pertinent points are: •             October decision was finely balanced. •             Members saw need for rates to... » Read more

RBA unexpectedly leaves rates on hold at 4.50%

At its  Monetary Policy meeting today, the RBA left rates on hold at 4.50%. The key points in the accompanying statement were: -              Global economy grew faster than trend in... » Read more

Retail Sales slightly lower than forecast, Trade balance still in surplus.

The Australian Bureau of Statistics released Retail Sales figures and Trade Balance data for the month of August today at 11.30am. Retail Sales were up 0.3%, slightly below market expectations... » Read more


Statistics New Zealand just released second quarter GDP figures which showed a rise of 0.2%, well below market expectations of +0.8%. The annualised figure came out at +1.9% and... » Read more

AUD/USD spikes to a 25 month high of 0.9564 on FOMC announcement

As widely expected the Federal Reserve maintained its stance on monetary policy leaving both interest rates and its quantitative easing program unchanged. In the accompanying statement the committee stated... » Read more

RBA Minutes

The RBA released the minutes of the September 7 Board meeting at 11.30am. The pertinent points are: - Likely higher interest rates will be required at some point. - Signs of... » Read more

Bloomberg 19/11/2010 – Derek Mumford

Australian, New Zealand Dollars Decline Amid Concerns of China Tightening The Australian and New Zealand currencies fell against the yen and dollar, snapping two-day winning streaks, after China’s central bank... » Read more

Sydney Morning Herald 12/11/2010 – Derek Mumford

Dollar sinks below parity as risk aversion returns The Australian dollar ended the week below parity, losing more than one US cent, amid fears over the consequences of a... » Read more

AU Employment Report

The ABS released Australian employment data today at 11.30am. The data showed the Unemployment rate dropping to 5.1% and full time jobs created were 53,100. The numbers were much better... » Read more