AAP The Australian dollar closed higher on Tuesday as risk appetite improved
and traders continued to speculate about further interest rate rises in
Australia and funding assistance for Greece. At 1700 AEDT, the Australian
dollar was trading at $US0.8686/91, up 0.25 per cent from
February 8, 2010 While the lack of growth in the December quarter was repeated
across the country, on an annual basis, Melbourne was the only capital city
with no growth in house rents. Asking rents for units rose from $320 in
December 2008 to $335 in December 2009, a rise of nearly
Fundamental Forecast for Australian Dollar: Neutral - RBA Says Interest Rates
to Rise to 4.5% by End of 2010 - Retail Sales Disappoint, Building Permits Rise
on Stimulus - Trade Deficit Widens as Higher Oil Prices Boost Import Figures -
RBA Holds Rates at 3.75%, Business Confidence
Key Overnight Developments • US Dollar Soars on Risk Aversion as Asian Stocks
Decline • RBA Says Interest Rates to Rise to 4.5% by End of 2010 • Euro Spikes
Higher Against Swiss Franc, SNB Action Hinted Critical Levels Euro tested below
1.3670 against the Dollar
Corporate bond sales denominated in rupiah or dollars jumped to $868 million
this year from $236 million in the same period of 2009, making it the biggest
start since at least 1999, according to data compiled by Bloomberg. Utility
Listrik Negara sold 2.7 trillion rupiah ($290 million) of
“We have made all the arrangements and we will conduct roadshows in the next
couple of months,” Tarin said in an interview in Singapore yesterday. The
government may sell about $500 million each of euro-denominated and Islamic
bonds, totaling no more than $1 billion, he said. The country
“We have made all the arrangements and we will conduct roadshows in the next
couple of months,” Tarin said in an interview in Singapore yesterday. The
government may sell about $500 million each of euro-denominated and Islamic
bonds, totaling no more than $1 billion, he said. The
The Reserve Bank this week surprised financial markets by leaving its key cash
interest rate unchanged at 3.75 per cent. It said in a statement today it was
waiting to see the economic impact of three official rate hikes in the final
quarter of 2009 and accompanying rate increases
Feb. 5 (Bloomberg) -- The yen may extend gains against the euro after reaching
an almost one-year high on expectations European nations’ struggles to reduce
deficits will discourage demand for riskier assets. The yen rallied against all
of the most-traded currencies yesterday on
The Bank of England is to freeze its radical policy of pumping new money into
the economy, it announced on Thursday, after holding its key lending rate at a
record low 0.50 per cent. The widely-expected news, which came before a
separate interest rate call by the European Central Bank,
AAP The Australian dollar closed higher on Tuesday as risk appetite improved
and traders continued to speculate about further interest rate rises in
Australia and funding assistance for Greece. At 1700 AEDT, the Australian
dollar was trading at $US0.8686/91, up 0.25 per cent from
