The Latest Breaking News from Interest Rates

After iron ore prices plunged by more than a third since the start of the year, Chinese stimulus measures spell good news for the Australian budget.

Lumber has been stuck in a trading range of around $500 per 1,000 board feet. While the market is moving towards the offseason for construction, lower interest rates over the coming months could mean prices will increase.

For many Australians, the COVID-19 pandemic has become a fading memory as the world has moved away from lockdowns and masks. However, its lasting impacts, including persistent inflation, remain.

Inflation dived last month to its lowest rate in three years, but the Reserve Bank will wait for a more sustained drop before it starts cutting interest rates.

Negotiations over reforms to the Reserve Bank of Australia this week took an unprecedented turn when the Greens demanded the government use its reserve powers to immediately cut interest rates.

Lowest CPI rate in three years but Reserve Bank will wait for more sustained drop before cutting interest rates

The dollar index (DXY00 ) Tuesday fell by -0.43%. The dollar came under pressure Tuesday after China boosted stimulus measures, which fueled a rally in the yuan to a 16-month high against the dollar. The dollar extended its losses Tuesday after the Conference Board’s US Sep consumer confidence index unexpectedly...

The Fed's tightening has had a ripple effect across the economy, slowing down housing demand and cooling the tech sector, which had seen explosive growth during the pandemic.

The dollar index (DXY00 ) today is down by -0.25%. The dollar is under pressure today after China boosted stimulus measures, which fueled a rally in the yuan to a 16-month high against the dollar. The dollar extended its losses today after the Conference Board’s US Sep consumer confidence index...