Australia GDP Growth Rate YoY
65% of overall GDP goes for the service sector which accounts for Australia's majority industry. Though it is a major supplier of commodities, the country's economic prosperity in recent years has been focused on two sectors: mining (13.5% of GDP) and agriculture (2% of GDP). Manufacturing (11%) and construction (9.5%) are two other important industries in the country.
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 |
|
|
1.7513 -551 pips |
1.8044 +20 pips |
1.80644 | |
| AUDCAD |
|
|
0.8795 -134 pips |
0.8954 -25 pips |
0.89294 | |
| AUDJPY |
|
|
92.8216 -249 pips |
96.2106 -90 pips |
95.315 | |
| AUDNZD |
|
|
1.0944 -96 pips |
1.1004 +36 pips |
1.10402 | |
| AUDUSD |
|
|
0.6345 -82 pips |
0.6496 -69 pips |
0.64273 | |
| AUDCHF |
|
|
0.5275 +77 pips |
0.5399 -201 pips |
0.51978 | |
| GBPAUD |
|
|
2.0545 -336 pips |
2.0997 -116 pips |
2.08809 | |
| AUDSGD |
|
|
0.9558 +1276 pips |
0.8511 -229 pips |
0.82823 | |
| XAUAUD |
|
|
5171.7657 -2296 pips |
5193.8300 +90 pips |
5,194.73 | |
| XAGAUD |
|
|
59.0810 -16 pips |
0 +5924 pips |
59.244 |
News (AUD)
Australia Manufacturing PMI Improves To 52.9 - S&P Global
The manufacturing sector in Australia continued to expand in August, and at a faster rate, the latest survey from S&P Global revealed on Thursday with a manufacturing PMI score of 52.9.
RTTNews | 19h 36min ago
Australia Consumer Sentiment At 3 1/2 Year High: Westpac
Australia's consumer confidence improved to a three-and-a-half year high in August as the central bank is expected to lower rates further after a third cut this year, monthly survey results from Westpac showed on Tuesday. The Westpac-Melbourne Institute Consumer Sentiment Index rose to 98.5 in August from 93.1 in June.
RTTNews | 2 days ago
Australia Trims Key Interest Rate For Third Time This Year; Cuts Growth Outlook
The Reserve Bank of Australia reduced its benchmark interest rate by a quarter-point for the third time this year as underlying inflation continued to moderate, while economic growth outlook was lowered due to weaker-than-expected recovery in public demand. The board decided to trim the cash rate target by 25 basis points to 3.60 percent. The decision was unanimous.
RTTNews | 9 days ago
