Australian Growth to Remain Sluggish Through H2 Into Early 2025

Australia's growth momentum is expected to remain lackluster through the second half of the year and into early 2025 at an annual pace of 2.2%, said Matt Hassan, Westpac Economics' Head of Australian Macro-Forecasting.

MT Newswires23:23 ET

Pressure May Be on RBA to Hold off on August Rate Rise -- Market Talk

Amid growing signs of moderating inflation pressure in the U.S. and the potential for Fed rate cuts back on the agenda, there is a high chance the RBA could hold off on a rate rise in August, says Betashares Chief Economist David Bassanese.

WSJJul 14 21:35 ET

Australian Payroll Jobs Rise 0.1% in Month to June 15

Australian payroll jobs rose 0.1% in the month to June 15 after a 0.4% rise in the month to May 18, broadly in line with last year after the Easter and autumn school holidays, according to figures released Friday by the Australian Bureau of Statistics (ABS).

MT NewswiresJul 11 23:23 ET

Rabobank: Australia will raise interest rates in August and November, and the Australian dollar will rise to 0.70 within six months!

According to analysis by Dutch cooperation, Australia's reserve bank will be the key factor in driving the Australian dollar's strength. The Dutch Cooperative Bank maintains its forecast of the Australian dollar rising to 0.7 against the US dollar, but predicts it will happen within six months instead of the previously predicted nine months. Senior foreign exchange strategist Jane Foley said: "We believe that there is greater volatility in the euro against the Australian dollar, and we predict the target price in six months to be 1.51. Looking ahead six months, the British pound is expected to fall from 1.90 to 1.80 against the Australian dollar."

FX678 FinanceJul 11 22:24 ET

Australian Dollar Pulls Back From Six-month Highs

The Australian Dollar (AUD) continues to retreat on Friday after reaching a six-month high of 0.6798 in the previous session.

FXStreetJul 11 21:49 ET

RBA Is on Track for August Rate Hike, UBS Says -- Market Talk

The RBA is still on track to hike interest rates by 25 basis points in August, say UBS economists in a note.

WSJJul 10 19:14 ET