A turn in the market for savers?
Two banks reverse the down-trend and offer higher nine and 12 month term deposit rates. But Westpac cuts back
Source: interest.co.nz
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THE US dollar slipped against most major currencies on Friday (May 24) as traders booked profits after recent gains but the US currency remained well-placed for further advances, supported by strong US economic data that has prompted markets to dial back expectations for interest rate cuts.
Source: businesstimes.com.sg
Australian Inflation Rate Soars – Forbes Advisor Australia
Australia's annual inflation rate has hit 7%, according to the Australian Bureau of Statistics latest quarterly figures.
Source: forbes.com
Dollar down on profit taking but upbeat outlook remains
The dollar slipped against major currencies on Friday, but remains well-placed for further advances supported by strong U.S. economic data. Markets dial back expectations for interest rate cuts as U.S. business activity accelerates and input prices surge, prompting a debate among policymakers on inflation control.
Source: indiatimes.com