July 31 – Trevor Thompson

From the broker report. I was asked about the movement of our dollar a while ago. look what happened after the RBA announcement yesterday

Tuesday 30 July- The Australian market started flat and fell below the 5000 mark around midday as a result of the weak US market and housing data ahead of a key Fed meeting. However the market bounced back to its previous close after the Reserve Bank announced a further rate cut in August. There were mixed performances amongst the sectors. The Aussie dollar fell against all major currencies.

By Trevor Thompson. 
CFP DipFP

SENIOR PARTNER