With a potential Fed rate hike as a tailwind, the dollar rally looks set to resume and it could be powerful.» Read More
The 2015 budget includes short-term measures that will act together with monetary policy, along with long-term plans that will drive the economy, says Savanth Sebastian, equities economist at CommSec.
Apart from neglecting bigger challenges like innovation, the Abbott government has not lived up to its own rhetoric of bringing down the budget deficit, says Andrew Leigh, shadow assistant treasurer of Australia.
Australia's budget will be about propping up sub-par economic growth amid weak commodity prices rather than the traditional fiscal discipline, analysts say.
Phil O'Donaghoe, senior economist at Deutsche Bank, says the federal budget could see a deficit of 37 billion Australian dollars and expects Australia to only return to surplus in 2023 or 2024.
Asian stocks mostly advanced on Monday as China rolled out its third interest rate cut since November.
Asian shares traded mostly firmer on Friday on the back of a positive lead from Wall Street and bets that Beijing will roll out more easing measures.
Asian equities sold off on Wednesday, as weak corporate results in Sydney and an unimpressive U.S. lead took a toll on trading sentiment.
Khoon Goh, senior FX strategist at ANZ, explains why the jump in the Aussie currency following the Reserve Bank of Australia's statement on Tuesday will be short-lived.
Chinese shares plummeted on Tuesday, while their counterparts in Sydney witnessed volatile trade following the Reserve Bank of Australia's rate cut.
Paul Bloxham, chief economist for Australia & NZ at HSBC, says upbeat comments from the Reserve Bank of Australia means the central bank could keep rates on hold for the rest of 2015.
With markets already pricing in a rate cut, the Aussie dollar will only weaken slightly if the central bank lowers interest rates on Tuesday, says Felicity Emmett, head of Australian Economics at ANZ.
Lutfey Siddiqi, global head of Emerging Markets FX, Rates & Credit at UBS, says the Reserve Bank of Australia needs to lower interest rates by 25 basis points due to sub-trend economic growth.
Steven Ciobo, parliamentary secretary to the Minister for Trade and Investment and Minister for Foreign Affairs of Australia, outlines the opportunities Australia sees in Singapore and China.
Amid a weak domestic economy, the Reserve Bank of Australia has to "do its job" by cutting interest rates, says David Bassanese, chief economist of BetaShares Capital.
A rate cut by the Reserve Bank of Australia will serve as a prelude to growth forecast downgrades in Friday's quarterly statement, says Ben Jarman, senior economist at JP Morgan.
The Reserve Bank of Australia will likely cut rates this week amid economic headwinds and the Aussie dollar could see more volatility, says Tony Nash, vice president at Delta Economics.
The RBA's decision may come down to the wire at its policy meeting Tuesday, as economists eye a rate cut despite concerns over a strong currency and home prices.
Kumar Palghat, director at Kapstream, expects the Reserve Bank of Australia to cut rates at Tuesday's policy meeting even though easing measures are having a mixed impact on the economy.
Australia won't lose its coveted triple-A rating, its Treasurer said, slapping down speculation the country might face its first downgrade in 26 years.
With Australia's inflation and jobs data showing signs of improvements, markets are pricing in too much for a May rate cut, says Jesper Bargmann, head of Trading, Asia at Nordea Markets.