The float of the Australian dollar 40 years ago today forged a shock absorber that helped the country weather decades of economic turbulence and to punch above its weight in global financial markets.
China’s economic woes have overshadowed the growing influence of the yuan. The world needs to pay attention.
Soon after landing in the top-seat of Australian politics in 1983,Bob Hawke floated the Australian dollar. Here’s how it shaped our inflation battle.
Anyone contemplating travelling to the US would be encouraged by a sudden jump in the value of the Australian dollar over the past fortnight. Here’s what is behind it.
Argentina’s president-elect Javier Milei has a risky plan to respond to soaring inflation and decades of economic stagnation.
The collapse of German lender Bankhaus Herstatt in 1974 led to chaos in financial markets. It exposed a risk that has been a lingering issue for half a century.
The Australian sharemarket finished in positive territory on Monday with energy stocks making up for weaker consumer staples and utilities companies.
The latest US inflation data was greeted euphorically by financial markets,which saw it as a signal that the US central bank’s work is done with rate hikes.
The Australian sharemarket clawed back some of Monday’s losses after Wall Street advanced overnight ahead of a week of key economic data.
The sharemarket bounced up from a 12-month low on the back of energy companies and miners after a mixed day on Wall Street amid a renewed bout of bond market volatility.
The Australian sharemarket has overcome a lacklustre lead from Wall Street,where tech stocks weighed on the sharemarket and bond yields climbed on interest rates fears.