Australian Dollar Edges Lower, Possibly Due to Unexpected Current Account Deficit

The Australian Dollar (AUD) halted its three-day winning streak on Tuesday, likely due to Australia's unexpected current account deficit of A$ 4.9 billion (USD 3.2 billion) in the first quarter.

FXStreet22:59 ET

Manufacturing PMIs Signal Global Industry Rebound in 2Q -- Market Talk

The latest manufacturing PMIs suggest the global industry recovery has gathered momentum so far in 2Q and price pressures have risen.

WSJ20:42 ET

Australia's 1Q GDP Print Expected to Show Weak Growth

Australia's Q1 GDP print, due out later this week, is expected to show weak growth of 1.2% on year and 0.2% on quarter, says Paul Bloxham, chief economist for Australia, NZ & global commodities at HSBC.

WSJJun 2 23:44 ET

Will the Reserve Bank of Australia continue to raise interest rates? The money market is betting that it may “act” again in August

The Bank of Australia is seen as the only major central bank that risks raising interest rates.

Zhitong FinanceJun 2 22:30 ET

Australia Raises Minimum Wage 3.75%, Aiding RBA Inflation Fight

Australia’s industrial relations umpire raised the national minimum wage by 3.75%, aiding the Reserve Bank’s efforts to return inflation to the 2-3% target by next year.

BNN BloombergJun 2 21:16 ET

RBA's Hauser Says Inflation 'Predominant Challenge,' AFR Reports

Australian central bank Deputy Governor Andrew Hauser said the “first and predominant challenge” for policymakers is to bring down inflation, according to an interview with the Australian Financial Review.

BNN BloombergJun 2 21:13 ET