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Dollar clings to choppy trade after biggest surge since weeks
... will curb economic activity. The comments by the normally very dovish Daly and the equally dovish Evans helped yields and the dollar higher, and the dollar index could top 108 in the next few weeks, according to Kristina Clifton , a strategist at Commonwealth Bank of Australia . On Wednesday, the 10-year Treasury yields were steady after leaping nearly 14 basis points overnight. The pound was 0.2 per cent higher to $1.2180, while the Antipodeans were near Tuesday's lows and seemed to be taking ...
Updated: 08/03/2022
Dollar elevated after biggest surge in 3 weeks
... to a level that will curb economic activity. The comments by the dovish Daly and the equally dovish Evans helped yields and the dollar went up, and the dollar index could top 108 in the next few weeks, according to Kristina Clifton, a strategist at Commonwealth Bank of Australia . The Fed will hike by another 75 basis points at its next meeting in September, and traders now think that it's going to be 44%. Pelosi's safe arrival in Taiwan, which China considers a breakaway province, prompted anger ...
Updated: 08/03/2022
Australian retail sales rise despite rising costs
... repayments to the average A $620,000 mortgage, and that's on top of surging bills for energy and food. House prices have fallen at the fastest rate in 40 years, with values in Sydney falling at the fastest rate in 40 years. Harry Ottley , an economist at Commonwealth Bank of Australia CBA , said internal data showed spending on recreation, general retail, household goods and eating and drinking out had all slowed over July. He said that it is likely that the increased cost for mortgage holders will put ...
Updated: 08/03/2022
Dollar rises as Fed hawks raise rates
... will curb economic activity. The comments by the usual very dovish Daly and the equally dovish Evans helped yields and the dollar went up, and the dollar index could go up to 108 in the next few weeks, according to Kristina Clifton , a strategist at Commonwealth Bank of Australia . There is a chance that the Fed will hike by another 75 basis points at its next meeting in September, and traders think that it's going to be 44%. Pelosi's safe arrival in Taiwan, which China considers a breakaway province,...
Updated: 08/03/2022
OPEC+ expected to keep output unchanged
... is weighed down by several factors, including rising fears of an economic slump in the United States and Europe, debt distress in emerging market economies, and China's COVID-zero policy curbing activity in the world's top oil importer, according to Commonwealth Bank analyst Vivek Dhar , and China's COVID-zero policy curbing activity in the world's top oil importer. In a note, Dhar said there were growing downside risks to our forecast of US 100 bbl in Q 4th, 2022, as global demand concerns continue ...
Updated: 08/03/2022
National lung cancer screening program urged
... their care. The foundation's report, The Next Breath , Accelerating Lung Cancer Reform in Australia 2022 -- 2025, calls for the immediate recruitment of 100 specialist lung cancer nurses. The report said that lung cancer receives the lowest levels of Commonwealth funding for specialist nurses, with 37 nurses for every 616 cases. The report states that lung cancer is causing greater levels of anxiety, stress and depression in patients than other cancer types. The cost was the main barrier to introducing ...
Updated: 08/02/2022
Nearly a fifth of Sydney Harbour’s water commitment can't be met by 2024
... million of the $1.7 billion WESA fund for water-saving projects had been spent. WESA reviewers said that not enough water had been recovered to date, and requirements for where water savings could be found were too limiting. A 2018 agreement between the Commonwealth and basin state ministers set out strict criteria about how the 450 GL could be recovered to ensure there is no negative social or economic impact on basin communities. It was to be recovered for the environment by using efficiency projects ...
Updated: 08/02/2022
Indigenous social enterprise in Sydney to close
... National Centre of Indigenous Excellence NCIE will close its doors in Redfern on Monday after failing negotiations between the Indigenous Land and Sea Corporation ILSC and new owners the New South Wales Aboriginal Land Council NSWALC The ILSC, a Commonwealth body that assists in acquiring and managing rights and interests in land and waters, has disbanded the site to the NSWALC on June 30. Both organisations were unable to reach an agreement over the social hub's ongoing support. The centre ...
Updated: 08/02/2022
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