Reserve Bank of Australia News

Gary Gensler, chairman of the Commodity Futures Trading Commission. The agency's inspector general has faulted Gensler's decision to recuse himself from participating in the CFTC's investigation of MF Global's collapse.

The trustee liquidating MF Global has sold a collection of the bankrupt broker's CME Group memberships for amounts below recent selling prices, according to a list of transactions published by the exchange on Monday.

The relationship between currency weakness and equity strength is generally a function of ultra-low interest rates, which are geared toward enticing investors into stocks with the hope of increasing consumer demand.

IT may have suffered a few bruises from falling commodity prices and a stubbornly high dollar but the Australian economy is expected to make a comeback.

Australian Treasurer Wayne Swan will eschew European-style austerity as a stronger currency slows growth, wagering the government can win a Sept.

The Australian Dollar experienced a steep decline over this past week, blowing past the "long zone" as outlined in the chart below due to the Reserve Bank of Australia cutting rates 25 basis points to 2.75%. Of course, this chart featuring the "long zone" and "short zone" is largely a joke between a few traders and I, as clearly if it were that ... (more)

But predicting that Australia's central bank would change the rules around credit-card surcharges was exactly how Macquarie's industrial goods and services analyst Jodie Bannan made her top call of the year on Cabcharge Australia Ltd.

THERE are even less inflation hurdles for the Reserve Bank of Australia to cut the cash rate further, if need be.

Australian stocks surged at the opening after a rally across Asian markets and mining and energy companies led the gainers.

The Australian dollar was 0.8 percent from falling below parity with its U.S. counterpart for the first time in 10 months as the central bank lowered its inflation forecast following an interest-rate cut this week.

New rules proposed by U.S. regulators will increase costs and inflict long-term damage on commodity futures brokers and their customers, INTL FCStone Inc executives said on Thursday, adding to growing industry criticism of the plan.

At 7.17am AEST today, the June share price index futures contract was up one point at 5195.

Total employment rose by 50,100 in April, pushing the unemployment rate down 0.1 per cent to 5.5 per cent, the Australian Bureau of Statistics showed on Thursday show.

The Australian dollar pulled up from a two-month low and the yen eased briefly on Wednesday, after better-than-expected Chinese trade numbers eased some concern about slowing growth in the world's second-largest economy.

The IMB Building Society said yesterday it would pass on the full rate cut announced by the Reserve Bank of Australia on Tuesday.

The Canadian dollar gained ground Tuesday as Australia announced it was slashing its official interest rate by a quarter percentage point.

At its May monetary policy meeting, the Reserve Bank of Australia lowered its benchmark interest rate by 25 basis points, to 2.75%. This is a new record low for the central bank.

The Reserve Bank of Australia, meanwhile, stunned the market earlier in the global session by cutting interest rates to a record low, undermining the Australian dollar, which fell to its weakest level in two months versus the U.S. currency.

There's a rumor buzzing around Australian media that George Soros has made a killing in recent days shorting the Australian Dollar .

Brokers said the buying activity gathered momentum, tracking a strong rally in global markets on the back of lower borrowing costs after Reserve Bank of Australia cut its benchmark interest rate, lifting bluechips further higher.