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March 2018 Market Wrap

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.

Global share markets returns were also poor in March, as fear of a trade-war between the United States and China intensified. The United States Dow Jones index fell by 3.7%, the London FTSE fell by 2.4%, the Japan Nikkei 225 fell by 3.1% and the Hong Kong Hang Seng Index fell by 2.4% in the month.

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February 2018 Market Wrap

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.

Global share markets were also extremely volatile in February, as positive United States jobs growth results released early in the month caused fear that inflation in the United States will take-off.

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January 2018 Market Wrap

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.

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