38995
Global CBs Embrace A$
World Economy

Global CBs Embrace A$

It’s a vote of confidence Reserve Bank of Australia Governor Glenn Stevens would really rather not have right now, Reuters reported. His global peers have been buying Australian government bonds, drawn by its gold-plated credit rating and yields that are positively sumptuous compared to the sub-zero fare on offer in Europe and Japan. But all this demand, combined with the aggressive easing policies of these same central banks, is pushing up the Australian dollar and threatening to throttle a much-needed revival in export sectors such as tourism and education.

 

Short URL : http://goo.gl/Sme9eR
  1. http://goo.gl/vBebdE
  • http://goo.gl/dFW116
  • http://goo.gl/buiDcc
  • http://goo.gl/aENbmS
  • http://goo.gl/6B1Ee6

You can also read ...

Innovation, Technology Should Boost Hong Kong Economy
Innovation and technology will become profitable in Hong Kong...
Annual expansion in the second quarter fell to 4.5%.
Malaysia cut its full-year growth forecast and reported much...
Government data shows the number of jobs created in July fell to the lowest levels in over eight years.
South Korea’s ranking officials revealed a disparity in their...
Canada Inflation Surges
Canada’s inflation rate surged to 3% in July, fueled by rising...
As technological progress makes people richer in terms of many basic goods and services, it may be inevitable  that more human activity is devoted to zero-sum competition for available income and assets.
Across the global economy, the potential for automation seems...
Trade War Won’t Dent China GDP
Analysts are trying urgently to evaluate the potential impact...
Italy to Launch New Infrastructure Plan
The government will launch a plan aimed at making Italy’s...
Amazon to Challenge TiVo With Live TV Recorder
Amazon.com Inc. is developing a new device that records live...

Trending

Googleplus