M6ACURRENT Micro AUD/USD Futures Current Contract
- 0.6675
- +0.0054+0.82%
Micro AUD/USD Futures Current Contract News
Australian Dollar Likely to Struggle Against USD: Citi
Australian Dollar Climbs Following Hawkish Comments by RBA Governor Bullock
Australian Reserve Bank Governer Says Markets 'Premature' to Price In 2024 Rate Cuts
Australian Inflation Expected to Rise to 4.5% in August
Australia's central bank: It's too early to cut interest rates as inflation hasn't receded yet.
Michele Bullock, Governor of the Reserve Bank of Australia, said that the Reserve Bank of Australia is still a long way from reducing interest rates because inflation is still continuing and will only return to the target range at the end of next year. She said that the central bank is still vigilant about the upward risk of inflation, and it is too early to consider a rate cut now. The central bank has been working to balance the fall in inflation within a reasonable time frame, while avoiding unnecessary damage to the labor market, and the current monetary policy can achieve this. The Reserve Bank of Australia maintained its interest rate at 4.35% last week and maintained a hawkish stance. Traders believe that the central bank will start a loose cycle in December, but ...
Express News | Australian central bank governor: it is still too early to consider interest rate cuts at present.
Australia Shares Shaping for Strong Open -- Market Talk
AUD: Strong Labor Market Backs the RBA – Commerzbank
Australia Sees Higher-than-Expected Unemployment Rate at 4.2% in July
Aussie Labor Data Suggests RBA Won't Makes Cuts So Soon -- Market Talk
Australia Shares Rise 0.2% Despite Commodity Weakness -- Market Talk
Australia's Cost Of Living Surge Driving Job Hunt -- Market Talk
Australian Jobs Data Inconsistent With OCR Cut This Year -- Market Talk
Australia's Unemployment Rate Inches Up in July
Investors are betting on the Australian Reserve Bank cutting interest rates soon, as Australian bond yields fall to a 13-month low.
As more and more people speculate that the Reserve Bank of Australia is about to start cutting interest rates, the yield on Australian bonds has fallen to its lowest level in 13 months.
Australia's employment exceeded expectations, causing the market to reduce its expectations for a rate cut by the Reserve Bank of Australia.
On August 15th, Guolong News reported that Australia's July employment growth exceeded everyone's expectations, and the expanding labor force pushed up the unemployment rate, highlighting the labor market's resilience to rising interest rates. According to data released by the Australian Bureau of Statistics on Thursday, employment increased by 0.0582 million, far exceeding market expectations of 0.02 million, mainly driven by growth in full-time jobs. The unemployment rate rose slightly to 4.2%, while the employment participation rate soared to a historical high of 67.1%. The Australian dollar and the yield on three-year government bonds sensitive to policy recovered from earlier declines as traders lowered expectations of a rate cut by the Reserve Bank of Australia. The currency market now expects that the mmf interest rate will remain unchanged in the near future.
Australia's Job Market Remains Tight in July Even as Unemployment Nudges Higher
The unemployment rate in australia rose unexpectedly to 4.2% in July, and new positions far exceeded expectations.
According to the seasonally adjusted data released by the Australian Bureau of Statistics, Australia's unemployment rate rose to 4.2% in July, the highest since January 2022, while the market originally expected it to remain at the previous value of 4.1%. In July, Australia added 58,200 new jobs, higher than the market expectation of 0.02 million jobs, and the labor force participation rate rose to a record high of 67.1%, which may reduce the likelihood of a rate cut by the Reserve Bank of Australia in the short term. After the data was released, the Australian dollar rose nearly 0.3% to 0.6614 against the US dollar. The Bureau of Statistics stated that although the unemployment rate has risen in the past two months, the record high labor force participation rate and employment population indicate that there are still a large number of people in the workforce.
CBA Boss: This Will Be the RBA's Next Move on Interest Rates
Australian Dollar Advances Further Due to Rising Odds of RBA Adopting a Hawkish Stance