6AMAIN Australian Dollar Futures(JUN4)
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Australian Dollar Futures(JUN4) News
Australian Govt Holds Out Hope That Inflation Will Cool Quickly -- Market Talk
Getting inflation down is the key focus of the Australian government's budget for 2024-2025.
Australian Government Expects Budget Balance to Deteriorate Sharply -- Market Talk
The Australian government expects a big deterioration in its budget balance over the coming years. Having forecast a small surplus of A$9.3 billion for the year ending June 30, the government expects deficits of A$28.3 billion and A$42.8 billion in the two subsequent years.
Glynn's Take: Budget Doesn't Do Enough to Rule Out Further RBA Rate Hike -- WSJ
The Australian government's budget doesn't appear to do enough to categorically rule out the prospect of a further interest-rate increase in coming months.
Australian Government's Budget Bets On Rapid Fall In Inflation
SYDNEY--Australian Treasurer Jim Chalmers has framed the center-left Labor government's 2024-2025 budget around the themes of cost of living relief, income tax cuts and the tantalizing prospect of a fall in mortgage interest rates by early next year.
Australian Dollar Depreciates Ahead of the Australian Budget Release
The Australian Dollar received pressure due to the dovish RBA
Australian Government-Spending Plans to Make Life Harder for RBA -- Market Talk
With the Australian government having already released many of its forecasts for the economy in 2024-25 and beyond prior to the official publication of its budget at 0930 GMT, economists are already assessing the data.
Ballooning Australian Budget Deficits to Work Against RBA Goals -- Market Talk
The Australian government's 2024-25 budget will show a surplus of A$9.3 billion for the 2023-24 year.
Tension Between RBA and Govt Is Likely Over Forecasts -- Market Talk
The Australian government's 2024-25 federal budget hasn't even been published, but already the economic forecasts that underpin are known.
Australia to Post Second Budget Surplus, Defying Global Trends
Australian Treasurer Jim Chalmers will announce the government’s books are in the black for a second straight year, putting the nation’s fiscal standing near the top of developed-world counterparts.
The Australian Government will adopt a budget to deal with excessive housing prices
Australia is facing a housing shortage, and the country plans to address its rising house prices through its national budget.
Australian Dollar Continues to Lose Ground Due to the Firmer US Dollar
The Australian Dollar depreciates due to the dovish sentiment surrounding the RBA
Australian Inflation May Hit RBA's Target in 2024, Treasury Says
Australia’s Treasury is forecasting that inflation could return to the central bank’s target band before the end of 2024 — earlier than either the government or the bank previously predicted — as part of its upcoming budget.
Australia's Below-Trend Economic Growth May Continue -- Market Talk
Australia may continue its below-trend economic growth, with restrictive monetary policy still hurting interest-sensitive sectors, says Andrew Ticehurst, a research analyst with Nomura.
Goldman Sachs strategist: Long-term high US interest rates will have the biggest impact on the Swedish krona, Australian dollar, and Canadian dollar
Goldman Sachs strategists said that the Swedish krona, Australian dollar, and Canadian dollar are the most vulnerable to long-term high US interest rates. They said that, like the yen, these currencies have also been hit hard against the US dollar since April because the real interest rate curve steeped as expectations of US interest rate cuts were delayed.
Australian Government Walks Fine Budget Line With RBA Primed to Hike
The question on the lips of the governor of the Reserve Bank of Australia, Michele Bullock, will be how much of that revenue will flow back into the economy by things like added measures aimed at easing a cost-of-living surge for consumers.
AUD/USD is lower, and the RBA's firm stance clashes with unsettling inflation expectations
The Reserve Bank of Australia kept interest rates unchanged, which surprised the market. Facts have proven that inflation is stubborn, and the level of inflation is expected to remain high until 2025.
Rental costs are soaring! Major central banks face stubborn obstacles to curbing inflation
In the US, the UK, Canada, and Australia, rapidly rising housing costs — which weigh heavily in the consumer price index basket — are preventing inflation from falling back to the central bank's target level.
Australian Dollar Loses Ground Due to the Absence of a Hawkish RBA
The Australian Dollar (AUD) has plunged following the Reserve Bank of Australia (RBA)'s decision to maintain its interest rate at 4.35% on Tuesday. Investors sentiment leaned toward a potentially more hawkish stance from the RBA, particularly after last week's inflation data surpassed expectations. However, the RBA acknowledged that recent advancements in curbing inflation have halted, maintaining its forward guidance of "not ruling anything in or out."
RBA Rate Cut by November Looking Harder to Achieve, BlackRock Says -- Market Talk
BlackRock is still betting that the Reserve Bank of Australia will cut interest rates by November but admits that confidence is falling around the forecasts.
Australia's Central Bank Maintains A Cautious Stance Despite Upside Surprises in Inflation, Says SocGen
The Reserve Bank of Australia (RBA) overnight Monday decided to leave the cash rate unchanged at 4.35%, noted Societe Generale.