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