Tag Archives: AUD

The Reserve Bank of Australia (RBA) is not expecting the gross domestic product (GDP) to contract by more than 4% in 2020, before recovering by 6%. “We estimate that activity contracted severely in the June quarter of this year, but began to recover late in the quarter.” The central bank’s …

The Australian Dollar (AUD) is rising across the board against major currencies, supported by the recent decision and policy statement by the Reserve Bank of Australian (RBA). As expected, the RBA maintained its main rate at 0.25%, a historically low rate, which aims to curb the effects of the COVID-19 …

The Australian Dollar (AUD) is rising across the board against major currencies on Tuesday, as recent remarks by the Governor of the Reserve Bank of Australia (RBA) are supporting the Aussie. RBA Governor Philip Lowe said in his annual speech to the Anika Foundation that Australia has now turned the …