AUD/USD advanced for the second day of four, up 0.41%. Nervousness over China-Taiwan disputes keeps investors unsettled, although risk-sensitive currencies in the FX space are appreciating. Mixed economic data out of the US keeps the USD affected as DXY falls 0.50%. The AUD/USD rises during the American session from weekly lows around 0.6880, despite mixed […]
Tag: Australia
Australia: Retail sales rose 1.4% in the second quarter
Australian retail sales volumes rose 1.4% in the second quarter to a new record, defying rising inflation and rising interest rates, the statistics office said. The increase in sales volumes was the third consecutive quarterly increase in total retail volume, following increases of 1% in the first quarter and 7.7% in the fourth quarter of […]
Australia: 10-Year Treasury Yield Falls to 14-Week Low After RBA Rate Hike
Australian bond yields trail their US counterparts and refresh their multi-day lows. RBA rate hike fails to impress AUD bulls amid indecision over next move. The fear of a recession and the news about China reinforce the sentiment of risk aversion. Australian bond markets celebrate the Reserve Bank of Australia (RBA) interest rate decision while […]
Australia: Consumer confidence strengthened last week
Consumer confidence in Australia improved last week for the third straight week as petrol prices eased, taking pressure off strained household budgets. Consumer confidence rose 2.1% during the week, according to a survey by ANZ Bank and Roy Morgan. In line with the drop in fuel prices, weekly inflation expectations fell by 0.5 percentage points […]
Another interest rate increase by the central bank of Australia, by 50 basis points
Australia’s central bank has hiked interest rates by 50 basis points for the third time in a row, warning that the path to keeping the economy growing while curbing inflation is very narrow. “The Fed places a high priority on returning inflation to 2%-3% over time, while keeping the economy on a growth trajectory. The […]
Australia: Growth short of estimates for retail sales
Australian retail sales rose less than expected in June, sending an early signal that rising interest rates could quickly curb consumer spending. Retail sales rose 0.2% in June to another record level, beating estimates for a 0.5% increase. The June figures followed a revised increase of 0.7% in May, 0.9% in April and 1.6% in […]
Australia: Second Quarter Annual Inflation Jumps to 6.1% vs. 6.2% Forecast
The Year-on-year Consumer Price Index (CPI) in Australia stood at 6.1% in the second quarter of the yearone point above the 5.1% seen in the first quarter, although one tenth below the 6.2% expected by the market. Inflation has been at this level due to the rising housing construction costs and car fuel prices. Trimmed […]
Australia: The number of people hospitalized due to Covid reached a record level
The number of Australians admitted to hospital with COVID-19 hit a record high of around 5,450 today, official figures showed, as the spread of highly infectious new sub-variants of Omicron put pressure on the national health system. The number of people hospitalized is the highest since the coronavirus emerged, surpassing January’s high of 5,390 people […]
Australia: Unemployment rate falls to 3.5% in June vs. 3.8% expected
Today the report on the Australian labor market has been published, arriving the data as follows: Job change in Australia in June: +88,400 (expected 30,000, previous 60,600). June unemployment rate: 3.5% (expected 3.8%, previous 3.9%). Participation rate June: 66.8% (expected 66.7%, previous 66.7%). Full-time employment +52,900. The unemployment rate has fallen to a level not […]
The Foreign Ministers of Australia and China reopen the dialogue at the G-20
The foreign ministers of Australia and China met on Friday for the first time since 2019, as the two countries seek to restore a relationship that has been marred in recent years by diplomatic tensions and economic tariffs. The ministers “spoke frankly and listened carefully to each other’s priorities and concerns,” Australian Foreign Minister Penny […]