Australian Economy

Last Week’s Highlights Eurozone Economy Contracts Less than Forecast in Q2 The revised Q2 GDP data from the eurozone had some good news. Economic activity fell at a slower pace than initially reported. The Eurozone's GDP fell at a pace…
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The latest number of new COVID cases detected in the state of Victoria have returned to a fraction of what they were at the peak. However, expectations indicate that lockdowns in the state that contributes most to Australia's economy…
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Retail sales figures have replaced other important data such as employment as the chief focus of central banks. When they mention "fast indicators", among them are retail sales figures. We are waiting for the economy to return to…
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Last Week’s Highlights UK Economy Contracts the Most Since 1955 The latest statistics from the United Kingdom showed that the gross domestic product fell at the fastest pace since 1955 in the second quarter of this year. Data from the…
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This is the week many analysts have been waiting for, as we get a series of pivotal data that will give us some insight into how the pound, euro and Aussie dollar might behave in the medium term. We also might have some surprises in just…
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Central banks are expected to remain generally on hold for the summer. However, with the recent uptick in coronavirus cases around the world, many analysts are starting to speculate that they might look for ways to increase stimulus.…
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When considering commodity currencies, we tend to focus on exports as they typically have the largest impact on currency fluctuations. However, we are in unusual circumstances. For now, currency moves driven by monetary policy are…
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Last Week’s Highlights China Exports Rise More than Expected in June The latest export data from China showed an unexpected increase in June according to the official data. Exports rose at a pace of 0.5% on a year over year basis. This…
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There isn't a significant expectation of a major change in policy after the RBA's meeting, which concludes tomorrow. However, we still should approach the event - especially the policy statement - with a certain amount of caution. A lot…
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There's been quite a bit of talk in the media of late about increasing cases in Australia, which has gotten many worried the county will return to lockdowns. It led to the suspension of flights between Melbourne and Auckland in the…
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