Ritchie Bros. Auctioneers, Inc. is an industrial auctioneer, which engages in the sale of equipment to on-site and online bidders. It operates through the following segments: Auctions and Marketplaces, Ritchie Bros. Financial Services and Mascus. The Auctions and Marketplaces segment consists of live on site auctions, online auctions and marketplaces, and brokerage service. The Ritchie Bros. Financial Services segment refers to the financial brokerage service. The Mascus segment includes online listing service. The company was founded by David Edward Ritchie in 1958 and is headquartered in Burnaby, Canada.
Australia's monetary policy impact is comparable to that of other advanced economies, according to Assistant Governor Christopher Kent of the Reserve Bank. Despite households holding significant variable-rate mortgage debt, the central estimates indicate that GDP and inflation responses to unexpected policy rate increases align closely with those in the US, euro area, UK, Canada, and Sweden.
AUD/USD closed lower at 0.6559, marking its fifth consecutive week of losses, driven by increased USD demand amid US election speculation. Recent polls show a decreased likelihood of a Republican sweep, boosting AUD/USD to around 0.6615, with potential for further gains if Democrats win. The RBA is expected to maintain rates at 4.35% amid declining inflation, while technical analysis indicates a challenge at the 200-day moving average of 0.6628.
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