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Asia stock mixed as US-China tensions weigh; Australia hits record high on rate cut hopes
Asia stocks trade mixed on Thursday, despite positive momentum carried over from a strong Wall Street close, which was supported by encouraging earnings reports from major U.S. banks. Australia was a ...
AUD/USD Forecast: Barclays Predicts Crucial Breakout Amid RBA’s Hawkish Stance
BitcoinWorld AUD/USD Forecast: Barclays Predicts Crucial Breakout Amid RBA’s Hawkish Stance For those deeply entrenched in the dynamic world of cryptocurrencies, understanding the broader macroeconomi...
Australia's central bank governor puts economy on alert despite recent stability
RBA Governor Michele Bullock says Australia’s economy is strong, and lower inflation with steady jobs allows the central bank to cut interest rates again if needed. The central bank reduced interest r...
Fed expected to get a breather after months of inflation pressure
The Fed is expected to get a breather after months of inflation pressure, as its preferred inflation gauge likely slowed down last month. The personal consumption expenditures index, excluding food an...
Governor Bullock says the RBA is exploring AI's impact on the economy
Australian Central Bank Governor Mitchelle Bullock has confirmed that the bank is exploring the impact of AI on the economy. She said they are examining the potential implications for inflation and em...
Australia’s RBA sees scope for future rate cuts
Australia’s central bank, the RBA, disclosed minutes from its August 11-12 board meeting, revealing that more rate cuts will be needed over the next few months. The board agreed that the easing could ...