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HKD/AUD News
Australia's 1Q GDP Print Expected to Show Weak Growth -- Market Talk
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.
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.
Australia's Minimum Wage Increase Largely in Line With CPI -- Update
Australia's minimum wage will be raised by 3.75% from July 1, with the Fair Work Commission saying the decision is consistent with getting inflation back to target by the end of next year.
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.
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.
Australia's Minimum Wage Increase Largely in Line With CPI
Australia's minimum wage will be raised by 3.75% from July 1, with the Fair Work Commission saying the decision is consistent with getting inflation back to target by the end of next year.
RBA Seen as the Only Other Major Central Bank at Risk of Hiking
Australia’s central bank may have no choice but to resume raising interest rates this year if inflation fails to slow, according to money markets, setting it up as a potential outlier to a post-pandemic global tightening cycle that has all-but ended.
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.
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%.
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.
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.
Australian Inflation Edges Up in April, Challenging Central Bank
Edging higher, Australia's consumer price index (CPI) rose 3.6% on year April, after a 3.5% on-year gain in March, and a 3.4% rise in February, reported the Australian Bureau of Statistics (ABS) on Wednesday.
Australia Inflation Calls for Re-Think on Cash Rate Profile -- Market Talk
Australia's inflation report isn't what the RBA wanted to see, with the data looking bad from most angles, says ING's Robert Carnell.
RBA Has Bigger Worries Than Stubborn Inflation -- Market Talk
There is little doubt that the Reserve Bank of Australia would have received news of an uptick in monthly inflation through April with a degree of dismay.
Australia's inflation unexpectedly heats up in April, and the Reserve Bank of Australia's “higher for longer” argument is once again supported
Australia's inflation in April was faster than expected, which indicates that price pressure is still strong and provides support for the Reserve Bank of Australia to keep interest rates at a 12-year high next month.
Australian Inflation Outlook Murky as Price Pressures Dig In -- Market Talk
Australia's inflation outlook is getting murkier, says Moody's Analytics economist Harry Murphy Cruise.
ASX200 Sells off as CPI Inflation Hotter Than Expected at 3.6%. Are We Over-reacting?
Australia’s CPI inflation indicator increased in April by 3.6% on a YoY basis, causing an instant sell off on the ASX200.