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Australia Receives Crypto Certainty As New Regulation Fosters 'Room For Innovation'
Monday, October 16, 2023 - 1:37pm | 576Australia's Treasury unveiled draft legislation concerning licensing and custody guidelines for cryptocurrency asset providers. Once this legislation is ratified, exchanges will be provided a 12-month window to adjust to the new framework, Coindesk reported. The earliest an Australian digital...
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Mastercard Enables Tokenization Of CBDCs On Different Blockchains Under RBA Project
Thursday, October 12, 2023 - 2:13pm | 520Global payments company Mastercard (NYSE: MA) derived a solution wherein central bank digital currency (CBDC) will be allowed to be tokenized on different blockchains. This will expand the available payment options for consumers. Find out more about digital assets like CBDCs. Meet and engage...
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US Stocks Ease As Oil Price Spikes To 10-Month High, Dollar Gains: What's Driving Markets Tuesday?
Tuesday, September 5, 2023 - 1:42pm | 1004The U.S. stock market resumed trading Tuesday following the Labor Day holiday, and investor confidence appears subdued due to concerns stemming from a significant surge in oil prices resulting from the announcement of prolonged production cuts by Russia and Saudi Arabia. The major U.S. stock...
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Australia Central Bank's Meeting Minutes Expected To Strongly Impact AUD/USD, Commodity Prices
Sunday, July 16, 2023 - 11:54pm | 559The Reserve Bank of Australia (RBA) meeting minutes are due to be released during the Asia-Pacific market open on Tuesday morning AEST (Monday evening EST). During its July meeting, the RBA decided to maintain its cash rate at 4.1%, following a 25-basis point increase in June....
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AUD Surprise Rate Hike
Wednesday, June 7, 2023 - 3:36pm | 343Reserve Bank of Australia made a surprise rate hike in its last meeting on Tuesday by 25bp. The Federal Reserve may follow suit in its meeting next week as it faces the same situation with inflation. Given Australia is a major commodity exporter, it may put a strain on exports...
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Australia Launches Central Bank Digital Currency Project
Monday, November 2, 2020 - 12:58am | 515The Reserve Bank of Australia said Monday it is partnering with the Commonwealth Bank of Australia (OTC: CMWAY), National Australia Bank Limited (OTC: NABZY), and financial services firm Perpetual to explore the “implications” of a wholesale form of a blockchain-...
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AUD/USD Forecast: Resurgent Coronavirus Contagions Weigh On The Aussie
Tuesday, July 7, 2020 - 5:27pm | 271Key Points: The Australian government announced a six-week lockdown in Melbourne. The Reserve Bank of Australia left the cash rate unchanged at 0.25% as expected. AUD/USD is technically neutral and holding above the 0.6900 level. The AUD/USD pair is finishing Tuesday with modest losses in the 0....
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AUD/USD Forecast: Overbought In The Short Term, But Still Bullish
Tuesday, June 2, 2020 - 5:08pm | 399The Reserve Bank of Australia kept its monetary policy unchanged, as expected. Australia to release Q1 Gross Domestic Product, expected to have fallen by 0.3%. AUD/USD retains its bullish potential in its daily chart, despite extremely overbought short-term. The AUD/USD pair has posted a...
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Australia ETF Could Face A Surprising Headwind
Wednesday, November 27, 2019 - 9:05am | 490The iShares MSCI Australia ETF (NYSE: EWA), the largest Australia exchange traded fund listed in the United States, could contend with an issue often reserved for single-country ETFs devoted developing economies: credit risk. The $1.72 billion EWA is up 19% year to date, good for one of the best...
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Reserve Bank Of Australia Clears Up Misunderstanding
Friday, July 21, 2017 - 1:54pm | 1369Friday July 21: Five things the markets are talking about The EUR's has surged to a new two-year high outright earlier this morning (€1.1679) while most major stock exchanges consolidated as the markets assess an investigation into the U.S. president that may stall his economic agenda...
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Some Good News For Australia ETFs
Tuesday, May 31, 2016 - 3:14pm | 592Thanks in part to rebounding commodities prices and the Reserve Bank of Australia's (RBA) efforts to weaken the Australian dollar, exchange-traded funds tracking equities down under are among this year's best developed markets performers. The Land Down Under While the MSCI EAFE Index, of...
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No CROC: This Currency ETF Could Shine
Friday, May 20, 2016 - 8:38am | 478Alright a couple of a caveats here. First, the Guggenheim CurrencyShares Australian (NYSE: FXA) has, until recent weeks, been one of the better-performing developed market currency exchange-traded funds this year. Second, it is not wise to turn leveraged ETFs, vehicles meant to be short-term...
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Benzinga Weekly Preview: Busy Week For Economic Data
Friday, March 28, 2014 - 4:29pm | 2021Next week will be a busy one on the Economic calendar as several central banks will hold their April policy meetings and the US is expected to release the much anticipated non-farm payrolls data. In the US, most are expecting to see that the jobless rate fell as employers likely added more than...
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#PreMarket Primer: Tuesday, December, 3: Twitter Loses Some Of Its Shine
Tuesday, December 3, 2013 - 7:57am | 1638Just 25 days after Twitter's highly anticipated IPO, analysts gave the company mixed reviews on Monday. In a surprise move, the Bank of America Merrill Lynch initiated coverage on the company with an Underperform rating. The analysts responsible for the valuation, Justin Post, expects to see...
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Canadian Dollar Sell-Off Pauses After CPI and Retail Sales Data
Friday, November 22, 2013 - 4:19pm | 489The Canadian dollar fell to a four-month low on Friday, ahead of the nation's CPI and Retail Sales reports. Earlier in the week the Canadian currency had been under pressure against its U.S. counterpart, as positive economic data and speculation over tighter monetary policy underpinned the...