EURAUD EUR/AUD
- 1.63225
- -0.00100-0.06%
EUR/AUD News
Eurozone May Grow Slowly as Confidence Creaks Higher -- Market Talk
A weak rise in confidence among eurozone consumers and business points to anemic growth in the bloc, Lily Millard at Capital Economics writes in a note.
Eurozone Firms, Consumers Proffer Sunnier Mood in May
Confidence among consumers and businesses alike improved in the eurozone this month as the bloc looks increasingly sure of a soft landing from recent years' high inflation and interest rates.
Eurozone Unemployment Reaches New Low
The eurozone's unemployment rate fell to a record low in April, a sign that the jobs market is stronger than the European Central Bank had anticipated as it prepares to cut its key rate next week.
Italian Unemployment Rate Unexpectedly Falls to 6.9% in April
Italy's unemployment rate came in at 6.9% in April, down from the revised 7.1% in March, the national statistics agency Istat said Thursday.
Spanish Inflation Accelerates for Third Month as Energy Aid Ends
Spanish inflation quickened for a third month as the rollback of government support to contain energy crisis continued to push prices higher.
Spanish Inflation Rises Again
Consumer prices rose at a faster rate in Spain this month, adding to signs that Europe's battle against inflation isn't yet won.
ECB Expected to Follow Up June Rate Cut With Reduction in September -- Market Talk
The European Central Bank is set to initiate monetary policy easing with a 25 basis point interest-rate cut on June 6 but it will wait until September before considering reducing rates again, given prevailing inflation risks, Jussi Hiljanen, chief strategist for euro and dollar rates at SEB Research, says in a note.
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.
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.”
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%.
The European Bank Management Committee said that interest rate cuts will begin gradually soon, and actions after June will depend on data
ECB Governing Council member Nott said that the region “soon” will be the time to relax monetary policy, but he warned that this process needs to be carried out slowly to control inflation. He said that it is still impossible for the ECB to promise a specific path to cut interest rates in the second half of this year, and actions after June will depend on data.
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.
Eurobonds are issued at a record pace and have broken the 1 trillion euro mark since this year
The amount of Eurobonds issued since this year has surpassed the 1 trillion euro (1.1 trillion US dollars) mark, more than a week before reaching this record.
German Inflation to Move Sideways in Coming Months on Hot Services Prices -- Market Talk
German services inflation remains an issue for the European Central Bank, DWS economist Ulrike Kastens says in a note.
German Inflation Rebound Shows Risk to ECB of Prices Heating Up Again -- Market Talk
The increase in German inflation in May is a good reminder of how difficult the last mile of bringing inflation sustainably back to 2% will be for the European Central Bank, ING economist Carsten Brzeski says in a note.
German Inflation Edges Up Again, Highlighting ECB Challenge
German inflation quickened for a second month – underscoring the task for the European Central Bank to achieve its 2% target as it prepares to lower interest rates next week.
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.
Australian Dollar Can Outperform on Crosses in Months Ahead Says ING
The Australian dollar is likely to outperform other major currencies like the euro and pound owing in part to the lingering risk of a further increase in interest rates from the Reserve Bank of Australia, according to strategists at ING.
Germany Annual CPI Inflation Rises to 2.4% in May as Expected
Inflation in Germany, as measured by the change in the Consumer price Index (CPI), rose to 2.4% on a yearly basis in May, Germany's Destatis reported on Wednesday.
The ECB's interest rate cut in June is a foregone conclusion. Most economists expect September and December to cut interest rates as well
According to a Reuters survey of 82 economists, the ECB's interest rate cut on June 6 seems to be a foregone conclusion, and most of them expect to cut interest rates twice in September and December.