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 ...

Both, Russia and China, have intensified efforts in recent years to settle bilateral trade not in US dollars, but in rubles and yuan. Gold is considered important by both countries.
The issue of when a global reserve currency begins or ends is...
Norway’s Sovereign Wealth Fund  Hits $1 Trillion
The Norwegian sovereign wealth fund, the largest in the world...
Janet Yellen
As the Fed starts unwinding the stimulus it provided to snap...
London, Frankfurt and Paris fluttered between flat to slightly lower after eight days of gains.
Record-high world stocks paused on Tuesday and the dollar...
BIS Cautions CBs Launching Own Cryptocurrencies
A report by the Bank for International Settlements has warned...
Kazakh Economy Grows by 4.3%
The economic growth in Kazakhstan was at 4.3% since the...
Hungary CB Rate on Hold
The Monetary Council of the National Bank of Hungary, or MNB,...
Ukraine Raises $3b in First Bond issue
Ukraine has raised $3 billion in its first sovereign bond...

Trending

Googleplus