The Australian dollar climbed to a one-week high on Tuesday as investor sentiment was boosted by corona-virus vaccine hopes and RBA minutes release. Risk assets were buoyed overnight by news that Moderna's MRNA.O COVID-19 vaccine recorded a 94.5% efficacy rate in preliminary numbers from a large late-stage clinical trial. NAB analysts wrote in a note [...]
The Australian Dollar looks teed up for another turbulent week. At its November monetary policy meeting on Tuesday, the Reserve Bank of Australia (RBA) board members slashed the official cash rate (OCR) to a record low of 0.10% from 0.25% previous, as widely expected. The RBA set its three-year bond yield target at 0.10%. The [...]
The Australian dollar held firm on Tuesday as both countries' relative success in combating COVID-19 supported local sentiment in the face of a darkening global outlook. While the resurgence of the corona virus is threatening economic growth in Europe and the United States, most of Australia has little to no new cases and the country's [...]
Australian shares fell on Thursday, weighed down by energy and financial stocks, as talks on a new U.S. fiscal coronavirus aid package dragged on, raising fears of a delayed deal. The S&P/ASX 200 index.AXJO fell 1.5% in intraday trade before miners helped it recoup some of the losses to settle 0.3% lower at 6,173.80, its [...]
