The Australian dollar is clinging to gains as bears focus on the negatives for the United States and Europe and look past weakness in domestic economic conditions. Dealers emphasised the market was still structurally short […]
There was no recovery in the falling pace of new car sales across Australia in May, the country’s peak motor industry group says. The number of vehicles sold last month was down 8.1 per cent compared to […]
Australia’s economy expanded by 0.4 per cent in the March quarter and grew by 1.8 per cent over 12 months, official figures show. The growth was slightly under market consensus forecasts, which had predicted quarterly […]
Company profits were softer than expected during the first three months of 2019, with mining companies again enjoying the benefits of strong iron ore prices. Seasonally adjusted gross operating profits at Australian companies rose by […]
The Australian dollar has held steady in the face of poor economic data but only because the market had priced in so much bad news that bond yields were already at all-time lows on expectations […]
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