Currencies

Economists were surprised today when the RBA decided not to make a third consecutive rate cut, leaving the cash rate at 4.25%.

The RBA today decided to keep its cash rate steady at 4.25%.

Austerity package resolution is “close” in Athens as is the separate issue of debt resolution as the world again watches and waits in frustration. Dow down 17. (Accessible only for subscribers before 10:15 AEDT)

Market analysts at FXCM suggest the US dollar is at risk of further falls as the Dow Jones Index tests multi-yer highs.

While the economy appears to be recovering from recession ANZ argues the current account deficit in the US will prevent the greenback from gaining much ground.

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

Peter Switzer of the Switzer Super Report provides his view on next week’s RBA decision and the likely response from the banks.

Positive global manufacturing data had Wall on a run last night as the clock still ticks in Athens. Dow up 83. (Accessible only for subscribers before 10:15 AEDT)

Barclays Capital has analysed seasonal trends for February and found emerging markets are usually the best equity performers with aluminium the best among commodities.

Still no result in Athens, US earnings continue to disappoint and now US economic data are starting to fade. Dow down 20. (Accessible only for subscribers before 10:15 AEDT)