More from FXstreet.com

RBA ready to cut rates - Peter Martin

By FXstreet.com,  September 04, 2012, 09:07:00 PM EDT

FXstreet.com (Barcelona) - The Reserve Bank of Australia "is preparing to cut interest rates in the wake of a free-falling iron ore price and the first billion dollar wind-back of an existing mining investment program," notes Peter Martin, economics correspondent for Australia's two leading newspapers. The economist adds: "The Bank is ready to cut rates as soon as next month. It sees no need to wait for the traditional Melbourne Cup day board meeting after the release of the inflation figures in late October."




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

Referenced Stocks:



Latest News Video

Anthony Weiner Is A Rock Star. Will It Hurt?
Anthony Weiner Is A Rock Star. Will...
The Book Clubs That Find Bestsellers
The Book Clubs That Find Bestseller...
IMF's Lagarde Faces Fresh Questions
IMF's Lagarde Faces Fresh Questions
Fears Over EU-US Energy Price Divide
Fears Over EU-US Energy Price Divid...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.21 0.10  0.75%
HPQ $ 24.86 3.63  17.10%
SIRI $ 3.545 0.01  0.28%
MU $ 11.39 0.47  4.30%
MSFT $ 34.15 0.46  1.33%
F $ 14.81 0.16  1.07%
QQQ $ 73.45 0.17  0.23%
GE $ 23.66 0.20  0.84%