The Australian share market retreated in the month of September, with the All Ordinaries index closing the month 1.6% lower at 6,325.5 points. The Australian Dollar gained marginally by 0.6% in September, with 1 Australian dollar currently buying 72.31 US cents.
Unsurprisingly, the Reserve Bank of Australia (RBA) board kept the official Cash Rate on hold at 1.50% per annum. The RBA board is expected to keep the Cash Rate on hold once again in October.
Notwithstanding political turmoil in Canberra, resulting in a new Prime Minister, Scott Morrison, the Australian share market continued its recent trend of gains. The All Ordinaries index closed the month of August 1.0% higher at 6,427.80 points. That said, the Australian Dollar fell by 2.9% in the month, with 1 Australian dollar currently buying 71.89 US cents.
The Australian share market consolidated recent gains in July, with the All Ordinaries index closing the month 1.2% higher at 6,366.2 points. The Australian Dollar was steady, with 1 Australian dollar currently buying 74.07 US cents.
Unsurprisingly, the Reserve Bank of Australia (RBA) board kept the official Cash Rate on hold at 1.50% per annum last month. The RBA board is expected to keep the Cash Rate on hold when they meet in August.
The Australian share market performed well in June, with the All Ordinaries index closing the month 2.7% higher at 6,289.70 points. The positive result came as the Government's legislation to cut personal income tax rates surprisingly passed through the Senate.
The Australian Dollar continued its recent trend, falling by 2.0% in the month, with 1 Australian dollar currently buying 74.07 US cents. Once again, the Reserve Bank of Australia (RBA) board kept the official Cash Rate on hold at 1.50% per annum in the month of June.
The Australian share market was subdued in May, with the All Ordinaries index closing the month 0.9% higher at 6,123.50 points. The Australian Dollar was also flat, with 1 Australian dollar currently buying 75.64 US cents.
The Reserve Bank of Australia (RBA) board kept the official Cash Rate on hold at 1.50% per annum. The RBA board will meet again next Tuesday, with rates once again expected to remain on hold.
The Australian share market recovered some of its recent losses in April, with the All Ordinaries index closing the month 3.5% higher at 6,071.60 points. The Australian Dollar continued its recent slide, falling by 1.7% in April, with 1 Australian dollar now buying 75.43 US cents.
As noted in last months' newsletter, the Reserve Bank of Australia (RBA) board kept the official Cash Rate on hold at 1.50% per annum in April. The RBA board will meet again today, with rates once again expected to remain on hold.
It was a poor month for the Australian share market, with the All Ordinaries index closing the month 4.1% lower at 6,117.3 points. The Australian Dollar fell 0.8%, with 1 Australian dollar currently buying 76.75 US cents.
As expected, in the March board meeting, the Reserve Bank of Australia (RBA) board kept the official Cash Rate on hold at 1.50% per annum. The RBA board met again today, and have once again kept rates on hold for the month of April.
It was a remarkable month in the Australian share market, with the All Ordinaries index eventually closing the month 0.5% lower at 6,117.30 points.
The Australian Dollar fell 4.0% on the back of heightened volatility in global investment markets, with 1 Australian dollar currently buying 77.40 US cents. As expected, in the February board meeting, the Reserve Bank of Australia (RBA) board kept the official Cash Rate on hold at 1.50% per annum.
The Australian share market made a flat start to the 2018 calendar year, with the All Ordinaries index closing the month 0.3% lower at 6,146.50 points. The Australian Dollar continued to rally throughout January, gaining 3.4% in the month, with 1 Australian dollar currently buying 80.65 US cents.
The Reserve Bank of Australia (RBA) board did not meet in January. The first RBA board meeting for 2018 is scheduled for next Tuesday the 6th of February, with it widely expected for the official Cash Rate to remain on hold at 1.50% per annum.
The Australian share market finished the 2017 calendar year on a positive note, with the All Ordinaries index closing the month 1.8% higher at 6,167.3 points. That increase marked a 7.8% gain (excluding dividend income) for the 2017 calendar year.
The Australian Dollar continued its surprise strength, and was steady in the month of December buying 78.03 US cents. Once again, the Reserve Bank of Australia (RBA) left the official Cash Rate on hold at 1.50% per annum.