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New Zealand data - NZ export prices plunged 9.4% (in NZD terms) in November forexlive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forexlive.com Daily Mail and Mail on Sunday newspapers.
A strong US dollar, driven by higher interest rates, doesn’t just affect the price of goods in the US, but has a ripple effect across the world. Many products in Australia have gone up in price and travelling to the US just got more expensive. ....
Central banks’ intervention in foreign exchange markets has long gone out of fashion. But, perhaps it’s time to dust off this tool in the central bank shed. ....
Australian futures 0.8 per cent lower. Rio Tinto sticks to iron ore guidance, shares fall in New York with iron ore. TD sees RBA lifting 0.75ppt. Follow updates here. ....