Reserve Bank of Australia

Australia'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...

Global 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...

The 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...

The 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....

Reserve 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...

The 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-...

Key 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....

The 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...

The 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...

Thanks 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...

Alright 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...

Next 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...

Just 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...

The 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...