(Bloomberg) -- Australia’s central bank kept its interest rate and yield objectives unchanged as an abatement of the health crisis allows the economy to begin reopening. Reserve Bank of Australia Governor Philip Lowe maintained both the cash rate and three-year yield targets at 0.25% on Tuesday, as expected. The bank sharply tapered bond buying in May as financial markets calmed and Covid-19 infections dwindled. Meantime, a gauge of consumer confidence advanced Tuesday for a ninth ...
By Peter Nurse Investing.com - The dollar has few friends in early European trade Tuesday, as the tone remains generally optimistic about the global recovery despite heightened concerns over U.S.-China tensions and civic unrest in many U.S. cities.
MEXICO CITY (Reuters) - The Mexican unit of Germany's Volkswagen AG (OTC:VWAGY) said on Monday the automaker was ready to restart operations in the states of Puebla and Guanajuato on June 15 after activity was idled in late March due to the coronavirus pandemic.
Bloomberg) -- Even with the risk of a hard Brexit hanging over their heads, pound traders seem to be looking the other way. The currency touched a three-week high against a weaker dollar, one day before fraught trade negotiations resume between London and Brussels. A gauge of sentiment in sterling over the next month, which covers the deadline for an extension to the U.K.’s Brexit transition period, is the least negative since late March.
By Gina Lee Investing.com – The dollar was down on Monday morning in Asia, with rising optimism over the global economic recovery from COVID-19 leading investors to retreat from the safe-haven asset even as the number of global cases continues to rise.
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