Currencies

Inflation and the world economy were reasons given by the RBA not to cut today.

The RBA today decided to leave its cash rate unchanged at 3.25%.

Wall Street was quiet last night ahead of an election most continue to claim is too close to call. Dow up 19. (Accessible only for subscribers before 10:15 AEDST)

Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.

Arvind Subramanian and Martin Kessler suggest as Chinese trade expands the renminbi will become a dominant reference currency in about 25 years.

Solid US data had Wall Street shaking off any sogginess last night. Dow up 136. (Accessible only for subscribers before 10:15 AEDST)

Doubts linger over whether the Reserve Bank will cut its cash rate after next Tuesday’s board meeting but many economists believe a cut necessary.

US stock markets reopened without incident last night to weigh up the minuses and pluses of Sandy and round out the month. Dow down 10. (Accessible only for subscribers before 10:15 AEDST)

US stock and bond markets remained closed last night, but will reopen tonight for normal service. Futures trading suggests little change. (Accessible only for subscribers before 10:15 AEDST)

A wrap of the day’s activity on the Australian stock market.