If the Reserve Bank of Australia raises interest rates in June, the Australian dollar is expected to rise to 0.69!

Market analyst Gary Howes wrote that if the Reserve Bank of Australia announces an interest rate hike at its next meeting on June 18, or strongly suggests a rate hike in the third quarter, this may push the Australian dollar to 0.69 against the US dollar, which is a high in June 2023.

FX678 FinanceMay 31 02:17 ET

Australian Private Capital New Spending Rises 1% in March Quarter

Australian private capital new spending rose 1% in the March quarter, 5.5% higher than a year ago, according to data released Thursday by the Australian Bureau of Statistics.

MT NewswiresMay 29 23:41 ET

RBA's Hunter: Agree With the Treasury Forecast on Inflation

Reserve Bank of Australia (RBA) Chief Economist Sarah Hunter said early Thursday that “we agree with the Treasury forecast on inflation.”

FXStreetMay 29 22:41 ET

Australian Dollar Rebounds as 10-year Government Bond Yield Reaches Four Week Highs

The Australian Dollar (AUD) rebounded on Thursday, possibly driven by the Australian 10-year Government Bond Yield increase to a four-week high of 4.52%.

FXStreetMay 29 22:11 ET

Key Data That Will Determine Whether RBA Hikes, Holds or Cuts Interest Rates

It’s been a big few days for updated news on the Australian economy.

Yahoo FinanceMay 29 20:28 ET

Australia's Inflation Is Ticking up Despite Weak Retail Sales

The Nasdaq100 and S&P500 indices are showing measured gains, while volatility has declined to levels last seen in January 2020. Many traders are looking at this volatility compression as the calm before the storm, something we saw just over four years ago.

FXStreetMay 29 08:47 ET