AUDHKD AUD/HKD
- 5.2024
- +0.0175+0.34%
AUD/HKD News
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.
BlackRock: There is almost no hope that the Reserve Bank of Australia will cut interest rates this year
Gronghui, May 29 | Craig Vardy, head of BlackRock's fixed income department, said that Australia's high inflation problem seems likely to continue this year, making the idea of cutting interest rates before 2025 “almost impossible to achieve.” Monthly inflation data highlights that interest rate sensitive sectors of the economy are responding to higher interest rates, while other sectors (mainly services) are stuck at higher price levels. However, the Reserve Bank of Australia is likely still questioning whether raising interest rates can quickly affect the stubborn problem of service sector inflation. He added that if the Federal Reserve really wants to keep employment growth, then cash interest
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.
Commonwealth Bank of Australia: The rise in Australia's CPI will not have an impact on monetary policy
GLONGHUI, May 29 | Commonwealth Bank of Australia (CBA) senior economist Ryan Felsman said that although Australia's April CPI data unexpectedly rose, the Reserve Bank of Australia recently commented that it will “ignore short-term changes in inflation,” which indicates that the data does not seem to have a short-term impact on monetary policy. He added that the economic data more relevant to the policy is next week's first-quarter GDP report. Current indicators show that economic growth was weak in the first quarter at the beginning of this year, consumption growth was weak, and the external sector was greatly dragged down.
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.
Australia's Elevated Inflation Suggests RBA to Extend Rate Pause
Australia’s inflation came in faster than expected in April, suggesting price pressures remain stubbornly strong and bolstering the case for the Reserve Bank to keep interest rates at a 12-year high next month.
Australian Monthly Inflation Indicator Flashes Fresh Price Warning
Consumer price pressures rose unexpectedly in April, sending a further warning to the Reserve Bank of Australia to remain vigilant, while affirming the central bank's decision earlier this month to put the possibility of a further interest-rate rise back on the table.
Australian inflation is higher than expected interest rates or will remain high
Gronghui, May 29 | Australia's inflation rate in April was higher than expected, indicating that price pressure is still tenacious, and also provides support for the Reserve Bank of Australia to keep interest rates at a 12-year high next month. According to Wednesday's data, the CPI recorded an annual rate of 3.6% in April, higher than the forecast of 3.4%. The Australian dollar rose as a result, and the yield on three-year government bonds also increased. The money market is not expected to cut interest rates until the second half of 2025. It will be much more difficult for consumer prices to return to target levels than the market anticipated at the beginning of the year. Prior to Wednesday's results, the minutes of the RBA's May meeting showed that the board of directors resumed discussions on interest rate hikes. Self-destruct
Australia's Monthly CPI Inflation Rises to 3.6% YoY in April Vs. 3.4% Expected
Australia’s monthly Consumer Price Index (CPI) increased at an annual pace of 3.6% in the year to April, having risen 3.5% in March, data published by the Australian Bureau of Statistics (ABS) showed Wednesday.
Australia's weighted CPI for April was 3.6% per annum, expected to be 3.40%, compared to the previous value of 3.50%.
Australia's weighted CPI for April was 3.6% per annum, expected to be 3.40%, compared to the previous value of 3.50%.