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interest rate outlook

Why the Aussie dollar is soaring

For anyone planning a trip to the US in the coming months, the sudden and substantial increase in the Australian dollar will come as welcome news.Against the US dollar, our currency has added nearly 5 per cent over November, the biggest…

Fears unnecessary recession to hit Australia

A financial meltdown threatening both the US and UK could torpedo efforts to ensure Australia’s economy avoids a recession.However, economists fear that the Reserve Bank of Australia (RBA) also risks plunging the country into a recession…