USDAUD USD/AUD
- 1.5052
- +0.0022+0.15%
USD/AUD News
The biggest engine of the US economy is starting to stall!
Against the backdrop of high interest rates, US consumer income and expenditure growth rates both declined, and the savings rate fell to a 16-month low, amplifying the possibility that the Federal Reserve would cut interest rates to a certain extent.
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.
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.
Will the attack on non-agricultural agriculture in May change the Fed's interest rate cut bets?
The US non-farm payrolls data for May will be closely watched by investors to determine whether the April slowdown is only a temporary phenomenon. According to a survey, economists expect the number of non-farm payrolls to increase by 180,000 in May, which is basically the same as the 175,000 increase in April. BNP Paribas estimates that the number of non-farm workers in the US will increase by 200,000 in May, slightly higher than 175,000 in April. If employment growth in the US slows more than expected, it may cause some people to cut interest rates earlier.
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.
AUD/USD Extends Its Upside Above 0.6650 on Softer US Dollar, Investors Await Australian GDP Data
AUD/USD trades in positive territory for the third consecutive day around 0.6655 on Monday.
US Dollar: PCE Inflation Eases USD Pressure, Traders Eye OPEC+ Meeting
This report provides a comprehensive analysis of the current market fundamentals affecting the US dollar (USD), examining fiscal policy, economic indicators, and monetary policy developments.
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.
The Federal Reserve needs more evidence to confirm that the path to cooling inflation is unlikely to cut interest rates in the short term
This week, Federal Reserve officials received evidence that inflation continues to fall (albeit fluctuating), but policymakers are unlikely to change their positions where more evidence is needed. The Zhitong Finance App learned that government data released on Friday showed that the basic inflation index preferred by the Federal Reserve cooled down last month, and the growth rate was the slowest since this year. Additionally, consumers cut spending in April as the economy grew slower than expected in the first quarter. These reports paint a picture of a moderate economic slowdown, which is what policymakers want to see, and dispels concerns about a renewed acceleration in price growth. But officials may look for it after the next few weeks of meetings
Oil prices fall as Federal Reserve officials hint they won't cut interest rates
Remarks by Federal Reserve officials about keeping interest rates stable led to a drop in oil prices. U.S. gasoline inventories increased by 2 million barrels, indicating a decline in demand. OPEC+ negotiations will extend sharp production cuts to 2025 and stabilize the market.
Will the Federal Reserve's favorite inflation indicator reach a 3-year low?
After the CPI cooled down in April, the progress of US inflation was tested again by key data. Today at 20:30 Beijing time (8:30 a.m. EST), the US Department of Commerce will release PCE data for April. The market currently expects the overall PCE price index to rise 0.3% month-on-month in April, in line with the previous value, and is expected to remain flat at 2.7% year-on-year. The core PCE price index rose 0.3% month-on-month, in line with the previous value. The core PCE price index is expected to remain flat at 2.8% year over year. If the year-on-year increase slows slightly, then the core PCE price index will be the one since April 2021
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.
US Core PCE Inflation Set to Steady as Federal Reserve Rate Cut for September Hangs in the Balance
The core Personal Consumption Expenditures Price Index is set to rise 0.3% MoM and 2.8% YoY in April.
Federal Reserve officials expect inflation to continue to fall in the second half of the year, and interest rate hikes are unlikely
New York Federal Reserve Chairman Williams said he expects inflation to continue to fall in the second half of this year, and interest rate hikes are unlikely. He expects inflation measured by PCE to fall to around 2.5% by the end of this year, and close to 2% next year. He was unable to explain when he might support interest rate cuts, stressing that this depends on upcoming economic data, and that the policy path is being adjusted as the outlook changes.
Dallas Federal Reserve Chairman makes another hawkish remark: the policy may not have as many restrictions as expected, and neutral interest rates may have risen
Dallas Federal Reserve Chairman Logan said that high interest rates may not have as much of a deterrent effect on the economy as policy makers expected, and emphasized that officials must reserve options for future adjustments.
Dallas Fed President Says Considering Interest Rate Cuts Too Early Policy Is Restrictive or Not as Good as Expected
Dallas Federal Reserve President Lorie Logan said that high interest rates may not stifle the economy as much as policymakers expected, and emphasized that officials must reserve options for future adjustments.
AUD/USD Recovers as Weaker US GDP Sparks US Yields Drop
The Australian Dollar recovered against the US Dollar on Thursday trading, as US Q1 2024 GDP data was softer than expected, sparking a fall in US Treasury yields and the US Dollar.