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Australia GDP Growth Rate QoQ
The service sector accounts for the majority of Australia's economy (65% of total GDP). The mining industry (13.5% of GDP) and agriculture (2% of GDP) have contributed to the country's economic prosperity in recent years, given the fact that the country is a significant exporter of commodities. Manufacturing (11%) and construction (9.5%) are among the other industries.
A higher than expected figure should be seen as positive (bullish) for the AUD while a lower than expected figure should be seen as negative (bearish) for the AUD.
Forex Sentiment (AUD)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| EURAUD |
|
|
1.7272 -678 pips |
1.7978 -28 pips |
1.79503 | |
| AUDCAD |
|
|
0.8834 -80 pips |
0.8952 -38 pips |
0.89138 | |
| AUDJPY |
|
|
93.3882 -219 pips |
96.3509 -77 pips |
95.582 | |
| AUDNZD |
|
|
1.0834 -42 pips |
1.0900 -24 pips |
1.08757 | |
| AUDUSD |
|
|
0.6397 -128 pips |
0.6593 -68 pips |
0.65251 | |
| AUDCHF |
|
|
0.5300 +110 pips |
0.5518 -328 pips |
0.51902 | |
| GBPAUD |
|
|
2.0202 -604 pips |
2.0942 -136 pips |
2.08062 | |
| AUDSGD |
|
|
0.9241 +897 pips |
0.8843 -499 pips |
0.83437 | |
| XAUAUD |
|
|
5092.0000 +3596 pips |
5100.9194 -4488 pips |
5,056.04 | |
| XAGAUD |
|
|
44.7419 -1154 pips |
56.7120 -43 pips |
56.280 |
News (AUD)
Australia Central Bank Unexpectedly Maintains Status Quo
The Reserve Bank of Australia adopted a wait-and-see approach on Tuesday, defying expectations for a quarter-point rate cut but confirmed that an easing cycle is coming. The policy board, governed by Michele Bullock, decided to hold the cash rate target at 3.85 percent. A majority of six members voted to hold the rate, while three members sought a change from 3.85 percent.
RTTNews | 12h 29min ago
Australia Manufacturing Sector Ebbs In June - S&P Global
The manufacturing sector in Australia continued to expand in June, albeit at a slower pace, the latest survey from S&P Global showed on Tuesday with a manufacturing PMI score of 50.6.
RTTNews | 7 days ago
Australia Inflation Eases In May
Australia's consumer price inflation softened more than expected in May, giving space for the central bank to lower its interest rate. The monthly Consumer Price Index indicator rose 2.1 percent year-on-year, following the 2.4 percent increase in April, the Australian Bureau of Statistics reported Wednesday. A similar lower rate was last seen in October 2024.
RTTNews | 13 days ago
