Australia

The Australian dollar remained close to its highest point of 2024 on Tuesday, as traders awaited the Reserve Bank of Australia’s (RBA) decision, with expectations that it will keep interest rates unchanged. Investors are looking for any signs of potential easing in the near future.

Shares of the Australian Mexican restaurant chain, Guzman Y Gomez (GYG.AX), soared by more than one-third on their trading debut, marking the country’s largest IPO in a year.  

Today’s News  Australia’s resource-rich economy sustained a deceleration in the closing months of 2023, raising concerns about an impending economic downturn, particularly if the Reserve Bank of Australia follows through on its recent hints at potential further interest-rate hikes.  In the fourth quarter, the economy exhibited a sequential growth of 0.2% and a year-over-year increase […]