RBA likely to hold as no vote drives down Aussie

Original article by Jacob Greber
The Australian Financial Review – Page: 8 : 7-Jul-15

The shadow board of the Reserve Bank of Australia estimates that there is a 57 per cent chance that the central bank will leave the cash rate unchanged on 7 July 2015. Shadow board chairman Timo Henckel says the economic outlook for China is a bigger issue for Australia than the debt crisis in Greece. The Australian dollar’s fall below $US0.76 in the wake of Greece’s referendum will be welcomed by the Reserve Bank.

CORPORATES
RESERVE BANK OF AUSTRALIA, AUSTRALIAN NATIONAL UNIVERSITY, UNIVERSITY OF MELBOURNE, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

Australian dollar dips below US75c for first time since 2009

Original article by Mark Mulligan
The Australian Financial Review – Page: 24 : 7-Jul-15

There was renewed support for "safe-haven" currencies on 6 July 2015, in response to the outcome of the referendum in Greece. The Australian dollar reached an intra-day low of $US0.7453 before rising to $US0.7504 late in trading. The debt crisis in Greece also weighed on the euro, which reached a low of $US1.09 early in Asian trading. National Australia Bank’s Ray Attrill says the euro and the Australian dollar could come under further downward pressure.

CORPORATES
NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, EUROPEAN CENTRAL BANK, INTERNATIONAL MONETARY FUND, GREECE. MINISTRY OF FINANCE, BARCLAYS BANK PLC

All eyes on Greece as markets await result

Original article by Rose Powell
The Australian Financial Review – Page: 22 : 6-Jul-15

Australia’s benchmark S&P/ASX200 Index shed 0.14 per cent in the week ended 3 July 2015. The debt crisis in Greece and the country’s referendum referendum are likely to be the key issue for investors when trading resumes on 6 July. Meanwhile, Stephen Walters of JP Morgan expects the Reserve Bank to leave the cash rate unchanged on 7 July, while Rob Rennie of Westpac forecasts that the Australian dollar will fall below $US0.75 in the near-term.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, JP MORGAN AUSTRALIA LIMITED, RESERVE BANK OF AUSTRALIA, WESTPAC BANKING CORPORATION – ASX WBC, UBS GLOBAL ASSET MANAGEMENT (AUSTRALIA) LIMITED, UNITED STATES. FEDERAL RESERVE BOARD

Grexit fears wipe $38b from ASX

Original article by Vesna Poljak, Lisa Murray
The Australian Financial Review – Page: 1 & 8 : 30-Jun-15

The Australian dollar and the domestic sharemarket were sold down on 29 June 2015, as Greece’s debt crisis deepened and Chinese shares fell. The benchmark S&P/ASX 200 was down 123 points or 2.2 per cent at 5,422.5, while the dollar fell to $US0.7643. Kapstream Capital’s Kumar Palghat says investors can expect more volatility in financial markets, while federal Treasurer Joe Hockey says there will be minimal impact on Australia if Greece leaves the eurozone.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, KAPSTREAM CAPITAL PTY LTD, AUSTRALIA. DEPT OF THE TREASURY, GREECE. OFFICE OF THE PRIME MINISTER, INTERNATIONAL MONETARY FUND, ASIAN INFRASTRUCTURE INVESTMENT BANK, RESERVE BANK OF AUSTRALIA, PEOPLE’S BANK OF CHINA, SHANGHAI COMPOSITE INDEX, CHINEXT COMPOSITE INDEX, UNITED STATES. FEDERAL RESERVE BOARD, PM CAPITAL LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, UNITED STATES. DEPT OF THE TREASURY, EUROPEAN CENTRAL BANK, AQUASIA PTY LTD