the Reserve Bank of Australia (RBA) has lifted interest rates by 0.25 to 0.35 percent, the first rise since 2010, in an effort to calm growing inflation. (Photo by Hu Jingchen/Xinhua)
FORECAST FOR 2024 The Australian Dollar (AUD) started 202 on a high note, though slumped closer to its post-pandemic low against the USD during the latter part of the year. The currency clawed back some of its steep declines during the final two months of 2023, and the outlook seems sun...
from the global pandemic to shifting geopolitical dynamics. As we look toward 2025, experts are weighing in on key aspects of economic performance, including housing, employment, inflation, and other critical factors. This article will provide a comprehensive economic forecast for Australia, highlighting...
The collateral performance of the Australian auto loan and mixed equipment ABS sector has been stable, as shown by relatively low arrears across most transactions (chart 8). This is despite higher interest rates and cost-of-living pressures. The fixed-rate nature of underlying contracts in Aust...
You and your team have already had over 200 meetings with CEOs to discuss their results and outlook, all against a backdrop of significant market changes - such as inflation levels not seen in 30 years, interest rates increasing by over 3% in six months, and the forecast of a looming ...
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Commerzbank’s forecast for a Pound-to-US Dollar exchange rate of 1.34 at year end, combined with the AUD/USD projection, suggests the FX team expects the Pound-to-Australian Dollar rate will finish 2018 around 1.6341. This implies 7.5% downside for the Sterling-Aussie rate...
The December quarter GDP result of 1.5 per cent growth over the year was exactly in line with the Reserve Bank’s latest forecast – so the central bank will have no reason to deviate from its current ‘on hold’ position following this National Accounts release. The fact that private ...
AUD/USD Forecast: Clings to Support AUD/USD hovers near support, with NFP data poised to determine a rally toward 0.6550 or a decline to 0.6350 amid ongoing US dollar strength. Technical Analysis 06/12/2024, 05:27 GMT+8 AUD/USD Forex Signal: Falls to 4-Month Low ...
Meanwhile, the major European markets ended the day little changed after the European Central Bank cut interest rates by a quarter point. While the French CAC 40 Index closed just below the unchanged line, the U.K.'s FTSE 100 Index and the German DAX Index both crept up by 0.1 percent....