Page 2 - Alan Oster News Today

By James Glynn SYDNEY--Australia business conditions remain positive despite a year of languishing confidence and wider evidence that consumer confidence remains deeply depressed. Business...

Australia's business conditions edged down one point in March, while confidence gained a point and cost pressures softened further, survey results from NAB showed on Tuesday.

Australia NAB Business Confidence rose from 0 to 1 in March. Business Conditions fell from 10 to 9. Trading Conditions and employment conditions held steady at 15 and 6 respectively. But profitability conditions decline notably from 10 to 6.

(RTTNews) - Australias business conditions edged down one point in March, while confidence gained a point and cost pressures softened further, su...

Dollar falls broadly today and stays weak as markets enter into US session. The underlying cause of this sell-off remains somewhat ambiguous, as there were no significant economic data releases to directly attribute the currency's selloff. The slight retreat in treasury yields, specifically the 10-year yield just gyrating between 4.35-4.40, appears insufficient to solely account for the Dollar's dip. Additionally, market sentiment does not clearly lean towards risk-on, evidenced by Eur...

While higher prices are forecast to ease, economists warn that should inflation reignite, the RBA will stand pat on rate cuts at least for this year.

Pound to Australian Dollar Forecast: GBP/AUD Slips amid Soft UK Wage Data

Dollar saw only a temporary uplift from stronger-than-expected CPI figures from the US. The greenback reverted to pre-release levels, while stock futures rebounded. Traders appeared to be refraining from taking decisive bets. This reaction suggests that the inflation data, despite being higher than anticipated, may not be sufficiently influential to deter Fed from cutting interest rate in June. The core inflation rate's modest cooling, alongside perceptions of energy driven headline inflati...

(RTTNews) - Australia business conditions improved in February as the economy remained resilient at the start of the year, but confidence weakened...

Yen weakened broadly in Asian session today, reversing some of its robust since the previous week. This shift in momentum comes amid tempered expectations for an imminent BoJ rate hike at next week's meeting. Japanese Finance Minister Shunichi Suzuki's comments that the country is not yet ready to declare victory over deflation, despite positive signs such as substantial wage hikes and record-high capital spending, prompted some traders to turn cautious. Meanwhile, BoJ Governor Kazuo U...