The surprising strength of the US dollar this year has caused strategists to reduce their Aussie dollar forecasts, adding to the risk of sticky inflation.
Wilena (Billi) Joan Nicol (nee MacKay) pqbnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pqbnews.com Daily Mail and Mail on Sunday newspapers.
The gold giant’s addition to the Australian Stock Exchange is expected to see a major reshuffle of the indices and $746 million worth of trading at the quarterly rebalance.
It’s the prospect of lower interest rates, not better earnings, that has driven the market to a new high. But investors should be careful of pricey stocks.