- Analytics
- News and Tools
- Market News
- Australia Treasury Secretary Kennedy: Economy may have already gone into a weak period of growth
Australia Treasury Secretary Kennedy: Economy may have already gone into a weak period of growth
“Australian economy may have already gone into a weak period of growth,” says Australian Treasury Secretary Steven Kennedy as he appears in the parliament before the Senate Estimates Committee on early Tuesday.
The policymaker further added that there are no signs of a wage-price spiral, suggesting further upside in the nominal wage growth.
AUD/USD seesaws
The news initially weighed on the AUD/USD price and dragged it towards refreshing the intraday low to 0.6527 before the latest fall in the yields favored the Aussie pair buyers as Tokyo opens for Tuesday.
Also read: AUD/USD grinds near mid-0.6500s amid cautious markets, US debt limit deal in focus
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
