Australian Economy

Australia's monthly rate of inflation has finally fallen into the Reserve Bank of Australia's target band, in an early signal that victory in the fight against rising prices is at hand.

AUD outperforms after the Australian Labour Force Survey revealed a solid increase in jobs. But Australia's biggest banks don't think this is enough to prompt a rate hike at the Reserve Bank of Australia.

The Australian Dollar is the top-performing G10 currency after Australian retail sales beat expectations and raised the odds of another interest rate rise at the country's central bank.

The Australian Dollar is off to the races today, making significant gains against all its G10 peers after Australian inflation beat expectations.

The Australian Dollar is the day's best performer after inflation figures kick the prospect of an interest rate cut at the Reserve Bank of Australia (RBA) further into the distance.

The Australian Dollar was broadly higher after Australia reported what economists describe as "extraordinary" job growth in February.

The Australian Dollar has hit a six-month high against the Pound and a four-month best against the U.S. Dollar amidst improved global investor sentiment that followed the Federal Reserve decision and the release of some surprisingly strong domestic jobs data.

The Australian Dollar was weaker after it was reported Australia's headline rate of inflation retreated from 5.6% year-on-year to 5.4% in the second quarter, prompting markets to lower expectations for an August 01 interest rate hike at the Reserve Bank of Australia (RBA).

The Pound to Australian Dollar exchange rate wilted further from its highest since April 2020 in the opening half of the week but could find losses limited by an earlier technical resistance on the charts in the short-term even as twin fundamental and technical headwinds scupper any attempted reapproach of 1.93. 

The New Zealand Dollar entered the penultimate session of the week on the front foot and at the top of the major currency board while the Australian Dollar trailed near the back of the pack, though not quite as far behind as an underperforming Pound and Norwegian Krone. 

Australian wages appear to be peaking, which could in turn mean the Reserve Bank of Australia (RBA) has potentially reached its peak interest rate for the current cycle.

The Australian Dollar is outperforming its major peers after it was revealed the Reserve Bank of Australia's (RBA) decision to pause raising interest rates in April was finely balanced.

The Australian dollar rose against other major currencies on Thursday following the release of better-than-expected labour market data.

The Australian Dollar slipped to the bottom of the major currency bucket in the midweek session as softer-than-expected wage growth appeared to weigh.

The Australian Dollar jumped against the Pound and all other major currencies following the release of stronger-than-expected inflation data midweek.

GBP/AUD carving out a base as recent recovery extends, aided by Aus jobs miss.

The Australian Dollar cemented its 2023 outperformer status following the release of stronger-than-expected retail sales and inflation data which suggest the economy enters the year on a strong footing.

Wages rise faster than expected, offering near-term AUD support.

The Australian Dollar trades softer following the release of disappointing labour market data, the second disappointing release from the country this week.

Rising interest rates at the Reserve Bank of Australia (RBA) are to force the country's housing market into reverse, according to economists at one of the country's biggest lenders.