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

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

MT NewswiresJul 9 22:13 ET

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

MT NewswiresJul 9 05:00 ET