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Australian dlr below 75 cents on dovish c.bank, NZ$ falters 07/06/2021 | 11:13pm EDT Send by mail : Message : Required fields SYDNEY, July 7 (Reuters) - The Australian dollar held below the critical chart level of 75 U.S. cents on Wednesday as traders wagered the country s central bank will keep monetary policy ultra easy for a long time to come, while its New Zealand peer stumbled from three-week highs. The Australian dollar was last at $0.7494, below where it was before the Reserve Bank of Australia s (RBA) monthly policy meeting on Tuesday where it left key rates at 0.1% but narrowly tapered its bond buying programme. ....
“Their intent to put out a restrictive fiscal stance is just not there and certainly won’t be there this side of an election. “That’s good news for markets and good news for growth as the Government is not going to get in the way and they will support that growth. “In the context of the central bank, whatever its going to do in terms of tightening, it certainly won’t be by the cash rate for another three years, so it’s a very supportive monetary and fiscal backdrop.” Toohey said he expected the May Budget, due next week, would be used to evidence that vastly better economic outcomes had been achieved, setting up strategic spending and tax changes for a May 2022 election. ....
A St. Anthony Regional Hospital nurse with more than 47 years of experience will be honored next week by the Iowa Association for Healthcare Quality (IAHQ). Barb Toohey, RN, BSN and MSHSA, will receive the 2021 Quality Professional Award at the IAHQ annual conference. This award is presented to members who have demonstrated the characteristics of commitment, dedication, passion and enthusiasm for the healthcare quality profession. Nominations are made by co-workers, supervisors or other IAHQ members. “Barb has been an invaluable source of knowledge and experience for St. Anthony, as well as the community as a whole,” says St. Anthony President and CEO, Ed Smith. “This award affirms the tireless work and effort that she has always put into her endeavors and we’re very proud of her.” Toohey was named St. Anthony Director of Quality Assurance in 2011 and then Vice President of Quality in June of 2019. During her nursing career, she has worked in obstetrics, quality and risk ....
Aussie 10-year bond rate to hit 2pc Save Share The Australian 10-year bond rate will top 2 per cent by the end of the year, as the resolve of central banks to support their economies will come under more intense pressure, according to the nationâs top market economists. âItâs vital to remember that a 2 per cent 10-year bond yield, or even higher, isnât that high,â says Justin Fabo, Macquarieâs senior economist. Fairfax Media Among the 28 economists surveyed by Meanwhile, 18 of the economists forecast the benchmark yield to rise well above the current 1.8 per cent setting, while the remainder either did not provide a call or forecast the rate to end the year at or around its current setting. ....
ASX to fall on COVID anniversary; US tech surges afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.