$A surges as greenback sinks on US rate path
![Underpinning the $A's gain were advances in base metals and oil.](/content/dam/images/g/j/y/u/x/d/image.related.afrIndexLead.320x210.gnlng1.png/1458255774826.jpg)
The Australian dollar has surged 1 per cent as the impact of the Fed's revised rate rise path hammered the greenback for a second day.
The Australian dollar has surged 1 per cent as the impact of the Fed's revised rate rise path hammered the greenback for a second day.
Bank of England officials continue to lean toward higher interest rates but also said uncertainty on Britain's membership in the EU may hold back economic growth.
As the Federal Reserve moves closer to the bond market's outlook on interest rates, the market has moved closer to the Fed's view on inflation.
Norway's central bank cut its benchmark interest rate to a record low and signalled it's prepared to ease policy further to ward off a recession.
Taking risk, It's more crucial than ever to the ability of every business, large or small, to survive and thrive.
Exporters from universities to tourism operators face a period of acute pain caused by the rebounding dollar, with a drop in the jobless rate tempering the Reserve Bank of Australia's ardour for more official interest rate cuts.
Australia and Indonesia might turn to top chefs and the spice trade to break the ice on a new trade deal.
The RBA has warned dividends have risen much faster than earnings and the ratio of dividends to earnings is at record levels.
The unemployment rate dropped back to 5.8 per cent in February, as the job market grew marginally and the participation rate shrank.
The Fed now sees two rate hikes this year, not the four it previously envisaged.
The jobless rate fell in February to 5.8 per cent as fewer people looked for work sharply reducing chances of any RBA rate cut.
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