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A surge in foreign deposits with the Reserve Bank has sparked claims it may be printing money, in an attempt to take the heat out of the Australian dollar. Central bank purchases of Australian dollars are seen as one reason for its strength, with up ...
Australia's banks have found another pie they can sink their teeth into. IT WAS a small graph buried in the middle of a lengthy and otherwise uneventful PowerPoint presentation. But the illustration, detailing the expected growth in Australia's ...
Recession is a risk in the slow lane of the two-speed economy. Ten years ago, mining investment in Australia began rising sharply. By 2005-06 it had trebled in just five years. Over the next five years it doubled again. On current plans, it will ...
This year we'll see more painful evidence of Australian businesses accepting the new reality: our dollar is likely to stay uncomfortably high for years, even decades. It has suited a lot of people to believe that just as the resources boom would be ...
One of the great unresolved disputes of Australian political history is set to be reignited today by the release of previously secret cabinet papers from 1983. The decision to float the Australian dollar that year is seen as the most important ...