Daily FNArena News

As its previous targets for the US dollar against the euro and the yen have been attained Danske Bank has reviewed the outlook for currency markets and concludes further US dollar weakness is likely.

The RBA this afternoon chose to leave the cash rate at 7.25%.

Citigroup’s US analysts report on why they see Lehman Bros as a screaming Buy and not a solvency Sell.

Brokers agree Solly Lew’s bid for Just Group is opportunistic and undervalued.

Barclays Capital’s latest analysis of seasonal trends shows equity prices traditionally do well in April, the Aussie market especially, while the Kiwi dollar also generally strengthens.

Were Australia’s as yet robust housing market to follow the US into a slump, one mortgage lender has created a new product that may interest the cautious mortgage holder.

February saw another reduction in personal credit while overall private credit growth is the lowest in five years.

Steady demand growth and ongoing supply side issues remain supportive for the copper market and suggest prices in coming years will continue to remain high.

The TD Securities – Melbourne Institute Monthly Inflation Gauge for March shows Australian inflationary pressures have not eased.

The RBA meets next week but will not raise the cash rate while the US has another week of data over which to argue the case of recession.