EURAUD EUR/AUD
- 1.60944
- -0.00237-0.15%
EUR/AUD News
Australian Retail Sales Jump in May, Fanning RBA Hike Expectations
Australian retail sales growth was twice as strong as strong as expected by economists in May, adding fuel to arguments that the Reserve Bank of Australia could raise interest rates as early as August.
Discounts, Sales Events Boost Australian Retail Sales in May
Australia's retail sales in May were boosted by shoppers taking advantage of early end-of-financial-year promotions and sales events.
Eurozone Inflation Eases But ECB Likely To Keep Interest Rates On Hold: MIDF Research Finds
Consumer prices slip to 2.5% but core rate stays high, prompting little belief in further cuts in borrowing costs, news reports cited recently MIDF Research said the ECB will keep its interest rate status quo for Jul-24 policy rate.
Lagarde: High inflation in the Eurozone is not all due to the "Taylor Swift Effect".
Christine Lagarde, president of the European Central Bank, said on Tuesday that Taylor Swift's "Reputation" tour is not the only factor driving high inflation in the eurozone. Despite the service industry inflation remaining high last month at the G20, it cannot be solely attributed to the stimulating effect of the "Haylor" concert on consumer spending. Lagarde said in an interview, "You know, this is not just about Taylor Swift. Others have come too." Lagarde was responding to questions about whether Swift's tour had pushed up service industry inflation.
Australia's Business Activity Growth Moderates in June
The Composite Output Index, which combines the manufacturing and services sectors, fell to 50.7 in June from 52.1 in May.
Australia's Services PMI Posts Further Decline in June
The rate of expansion in Australia's services industry activity eased in June in line with a broad slowing in the economy, with input price inflation falling to its lowest level in 33 months.
Another European Central Bank official has signaled! Committee Member Makhlouf: We expect to only cut interest rates once this year.
According to Zhītōng Cáijīng, Gabriel Makhlouf, the Governing Council member of the European Central Bank and Governor of the Central Bank of Ireland, said that he is satisfied with another interest rate cut this year because he needs more time to ensure that the inflation rate is on track toward 2%. According to reports, Makhlouf said during the European Central Bank forum held in Sintra, Portugal, "I am confident about the expectation of another interest rate cut." He said, "I think it may have been a bit too much to expect two rate cuts as early as the beginning of July. I’m not saying I exclude that possibility." Meanwhile, several European Central Bank officials have also lowered interest rates in June this week.
Juda Bank Australian Services PMI Ticks Higher to 51.2 Versus Previous 51.0
Judo Bank's Australia Purchasing Managers Index (PMI) figures improved slightly in June, with the Services PMI ticking upwards to 51.2 MoM compared to the previous month's 51.0, and flaunting the forecast move lower to 50.6.
AUD: RBA Keeps Rate Hike on the Table – ING
The Reserve Bank of Australia (RBA) published the minutes of its 18 June policy meeting last night that confirmed that board ultimately saw the case for a hold, ING’s FX strategist Francesco Pesole notes.
EUR: Inflation Is Set to Slow Down – ING
The relief rally in the Euro (EUR) following French election results being in line with expectations ran out of steam on Monday, and there are doubts there will be significant extra support for the common currency given the open questions ahead of the second round on Sunday 7 July, ING’s FX strategist Francesco Pesole notes.
Australian Dollar Could Gain on Prospect of Rate Rise -- Market Talk
1426 GMT - The Australian dollar could strengthen this summer given the prospect that the Reserve Bank of Australia could raise interest rates again, ING says. Second-quarter inflation data on July 31 will be a "make or break event" with a higher-than-expected reading and rate rise a "very tangible possibility," ING analyst Francesco Pesole says in a note.
Lagarde Speech: We Are Very Advanced in Disinflation
Federal Reserve (Fed) Chairman Jerome Powell and European Central Bank (ECB) President Christine Lagarde discuss monetary policy outlook at the ECB Forum on Central Banking in Sintra.
Eurozone Inflation Ticks Down in June
The eurozone’s inflation rate has come down from 2.6% to 2.5%, while core inflation remained at 2.9%. Nothing in these figures would make the ECB cut again in July, and we think it’ll be eagerly awaiting data over the summer before seriously debating its next rate cut in September.
ECB Forum: Fed Chairman Powell and ECB President Lagarde Set to Discuss Policy Outlook
Federal Reserve (Fed) Chairman Jerome Powell and European Central Bank (ECB) President Christine Lagarde discuss monetary policy outlook at the ECB Forum on Central Banking in Sintra.
Eurozone Services Inflation Will Give ECB Pause -- Market Talk
0944 GMT - Eurozone inflation data will reinforce European Central Bank policymakers' inclinations to move very cautiously, Jack Allen-Reynolds, economist at Capital Economics, says in a note.
Eurozone Preliminary HICP Inflation Falls to 2.5% YoY in June, as Expected
The Eurozone Harmonized Index of Consumer Prices (HICP) rose 2.5% in the year through June, higher than a 2.6% growth registered in May, the official data released by Eurostat showed Tuesday.
The euro briefly rebounded after the first round of parliamentary elections in France, but the market still has doubts about the prospects of the second round of voting.
After the first round of voting in France's parliamentary elections, the euro rebounded, masking the pessimistic outlook for the euro before the second round of voting.
ECB's Vasle: We Can Cut Rates Further If Things Go as Expected
“We can cut rates further if things go as expected,” European Central Bank (ECB) policymaker Boštjan Vasle said on Tuesday.
ECB's Centeno: Every Meeting Is Open for Us to Make a Decision
European Central Bank (ECB) policymaker Mario Centeno said on Tuesday that “every meeting is open for us to make a decision.”
ECB's Muller: We Can Probably Cut Rates Again Before Year-end
European Central Bank (ECB) policymaker Madis Muller said on Tuesday that “we can probably cut rates again before year-end.”