M6A2412 Micro AUD/USD DEC4
- 0.6702
- -0.0023-0.34%
Micro AUD/USD DEC4 News
Australia's Unemployment Rate Rises Slightly to 4.1% Despite Strong Job Creation
The slight increase on May's 4% is considered by most economists to be insufficient to stay the Reserve Bank of Australia's (RBA) hand when it makes its next call on rates.
Australia's Unemployment Rate Rises to 4.1% in June
Australia recorded a slight rise in unemployment in June despite high level of job vacancies, the nation's statistics agency reported Thursday.
RBA Rates Decision 'a Closer Call' After Jobs Data -- Market Talk
0336 GMT - The case for the RBA to keep interest rates unchanged, rather than hike, is currently stronger but it has likely become a closer call following today's jobs data for June, says Nomura.
Australian Job Growth Beats Estimate, Fueling Rate-Hike Bets
Australia added more than twice the number of jobs economists expected in June, highlighting the resilience of the country’s labor market to elevated interest rates.
Australia's Unemployment Rate Ticked Higher in June
Australia's unemployment rate rose slightly in June, in line with economists' expectations.
Australian Unemployment Rate Seen Steady at 4% in June
Australia’s Unemployment Rate rose to 4.1% in June, compared with the expectations and the previous figure of 4.0%, according to the official data released by the Australian Bureau of Statistics (ABS) on Thursday.
Australian Dollar Furthers Losses as Expectations of Labor Data Ripple Across the Markets
The Australian Dollar (AUD) extended losses against the USD during Wednesday's session, dipping to 0.6725.
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.
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.
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).
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."
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.
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.
Australian Business Turnover Slides in May
Australian business turnover slid 0.6%, seasonally adjusted, in May compared with April, based on an aggregate of 13 industries, the Australian Bureau of Statistics said in a report filed on
Australia's Consumer Confidence Falls Amid Inflation, Interest Rate Woes
Consumer confidence in Australia dropped in July amid fears of persistent inflation and further interest rate hikes.The Westpac-Melbourne Institute consumer sentiment index slipped 1.1% to 82.7 from t
Worsening job prospects in Australia as expectations of a rate cut by the Australian Reserve Bank rise.
According to the survey data released on Tuesday, the business environment in Australia deteriorated faster than expected in June, and the employment prospects were significantly affected. The market's expectations of a rate cut by the Reserve Bank of Australia have increased significantly after the hawkish comments made by RBA officials last month. However, with the easing of cost pressures, business confidence has slightly improved. According to a survey by National Australia Bank Limited sponsored ADR (NAB), its compiled index of business conditions in Australia fell by 2 points to +4, far below the long-term average. In contrast, the confidence index rebounded by 6 points to +4, and the manufacturing and wholesale industry indices both increased. Specifically, in ...
Australia's Consumer Sentiment Falls Further on Rate-Hike Fears
Australia’s consumer pessimism deepened in July as households worried about the prospect for further interest-rate increases with inflation proving stickier than anticipated.
Market speculations about the likelihood of an interest rate hike by the Reserve Bank of Australia led to the Australian dollar hitting a new high point in nearly half a year.
The Australian Reserve Bank's strong interest rate hike in September and the possibility of non-farm payrolls leading the Federal Reserve to cut interest rates early may see the Australian dollar / US dollar facing a challenge to the 0.6796 level before becoming overbought.
Australian Dollar Edges Lower as US Dollar Gains Demand Due to Risk Aversion
The Australian Dollar may limit its downside as high inflation prompts the RBA to delay rate cuts.
No Steer From The Minutes of Australia's Central Bank But Data Was Robust, Notes ANZ
There was no 'smoking gun' in the minutes of the June Reserve Bank of Australia (RBA) Board meeting to suggest a rate hike in August is its base case, noted ANZ Bank.