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- Confidence surges to its highest level in 3½ years.
- Business conditions, however, still subdued – with employment poor.
- Signs of better conditions in finance/ business/ property and construction.
- Forward indicators – including orders, stocks and capacity utilisation – point to future improvement.
annatimone's Blog
NAB business confidence and conditions recap. Animal spirits lift again
RBA Edwards: "I want to see a lower dollar"
From the Australian Financial Review (gated) overnight: Dollar rise frustrates RBA board
Reserve Bank of Australia board member John Edwards speaking about the US Federal Reserve decision not to start to ‘taper’, which saw the Australian dollar to a three-month high:
“I want to see a lower dollar and it’s going to take us longer to get there – so it’s not great,” said Dr Edwar…
Reserve Bank of Australia board member John Edwards speaking about the US Federal Reserve decision not to start to ‘taper’, which saw the Australian dollar to a three-month high:
“I want to see a lower dollar and it’s going to take us longer to get there – so it’s not great,” said Dr Edwar…