Labour market

Yellen: Uncertainty strengthens the gradual approach to raise interest rates

26 Sep 2017 07:51 PM |

The remarks by Janet Yellen, Federal Reserve Governor, were as follows:

• A gradual approach to rate hikes is appropriate in the light of subdued inflation.
• It would be unwise to leave interest rates unchanged until inflation reaches 2%.

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  The reasons for the decline of the Australian dollar today and will it rise again?

  1 Aug 2017 06:12 PM |

  The AUDUSD fell nearly 70 pips from its daily high of 0.8042, following the RBA's rate decision. The rate statement contained some positives as well as some negatives. The RBA noted that the continued rise of the Australian dollar may create an obstacle to growth and may delay inflation to reach the target, and added that the current labor market conditions are positive.

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