AUD Forex News

Australia Jobless Rate Rises Slightly In June

Australia Jobless Rate Rises Slightly In June

Australia's unemployment rate rose slightly despite a sharp increase in employment, data from the Australian Bureau of Statistics showed on Thursday. The jobless rate rose slightly to a seasonally adjusted 4.1 percent in June, while it was expected to remain unchanged at 4.0 percent. Employment increased by 50,200 in June, much bigger than economists' forecast of 20,000.
RTTNews | 2 days ago
Australia Business Confidence Strengthens; Consumer Confidence Weakens

Australia Business Confidence Strengthens; Consumer Confidence Weakens

Australia's business confidence improved in June to the highest since early 2003 but consumer sentiment remained deeply pessimistic in July, private survey results showed on Tuesday. The business sentiment index advanced to +4 in June from -2 in May, monthly survey data from NAB showed today. The increase was led by the strength in manufacturing and wholesale.
RTTNews | 11 days ago
RBA Minutes: Board Discussed Raising Cash Rate In June

RBA Minutes: Board Discussed Raising Cash Rate In June

The board of the Reserve Bank of Australia discussed the case for raising the cash rate at its June meeting citing slower-than-expected inflation but finally judged that the case to leave the rate unchanged was the stronger one, the minutes of the meeting showed Tuesday. At the June meeting, the bank had retained its benchmark rate at a 12-year high of 4.35 percent for a fifth straight meeting.
RTTNews | 18 days ago
Australia Private Sector Credit Gains 0.4% In May

Australia Private Sector Credit Gains 0.4% In May

Overall private sector credit in Australia was up 0.4 percent on month in May, the Reserve Bank of Australia said on Friday - in line with expectations and easing from 0.5 percent in April.
RTTNews | 23 days ago
Australia Inflation Exceeds Expectations In May

Australia Inflation Exceeds Expectations In May

Australia inflation accelerated more than expected in May, suggesting the Reserve Bank will remain hawkish at the August meeting. Consumer price inflation rose to 4.0 percent in May from 3.6 percent in April, the Australian Bureau of Statistics reported Wednesday. Inflation was expected to rise to 3.8 percent.
RTTNews | 24 days ago
Australia Consumer Sentiment Rises In June: Westpac

Australia Consumer Sentiment Rises In June: Westpac

Australia consumer confidence improved in June but remained firmly in the negative zone largely due to concerns about inflation, growth and interest rate outlook, survey data from Westpac showed on Tuesday. The Westpac-Melbourne Institute Consumer Sentiment Index rose to 83.6 in June from 82.2 in May.
RTTNews | 25 days ago
RBA Holds Key Rate At 12-Year High; Vigilant On Inflation

RBA Holds Key Rate At 12-Year High; Vigilant On Inflation

The Reserve Bank of Australia decided to leave its benchmark rate at a 12-year high for a fifth straight meeting and underscored that inflation is slowing more slowly than anticipated, leaving the door open for a possible rate hike. The policy board of the RBA, led by Governor Michele Bullock, retained the cash rate target at 4.35 percent.
RTTNews | 32 days ago