The Aussie cracked below $0.70 for the first time in over six years Wednesday as investors shunned the currency amid concerns around China, commodities and sluggish domestic growth.» Read More
The Reserve Bank of Australia will likely keep interest rates on hold as the central bank assesses how its earlier rate cuts are filtering through the economy, says Katrina Ell, economist at Moody's Analytics.
Paul Bloxham, chief economist for Australia and New Zealand at HSBC, expects the Reserve Bank of Australia (RBA) to keep its cash rate unchanged for the next 18 months.
Asian markets are bracing for a turbulent week as central bank decisions and economic data on tap will likely add to the uncertainty over Greece.
Ivan Colhoun, chief economist, Markets at National Australia Bank, says more infrastructure spending can help Australia's economic transition.
Sydney home prices may have surged, but even Australia's top policy makers can't agree on whether the market is a bubble.
As another rate cut may worsen Sydney's housing bubble, RBA governor Glenn Stevens may try to jawbone the Aussie dollar at his speech on Wednesday, says Campbell Dawson, director at Elstree Investment Management.
Stock markets in China rode out a volatile session to settle at new seven-year peaks on Friday, while other bourses in the region nursed modest losses.
Apart from keeping the central bank on hold, the surprisingly upbeat first-quarter GDP print will do little to boost domestic consumption, says David Solusky, head of investment strategy at UBS Wealth Management Australia.
A majority of Asia's stock markets fell on Wednesday, as upbeat economic data in the region failed to boost trading sentiment.
Australia's economy grew faster than expected in the first quarter, but analysts were concerned about the quality of the data.
David Bassanese, chief economist at BetaShares, says the quality of Australia's first-quarter gross domestic product isn't "fantastic" as consumer spending remained soft.
As regional bourses stumbled on the back of a slew of central bank decisions, Shanghai stocks outperformed on Tuesday.
The RBA kept interest rates steady at a record low 2.0 percent, in line with expectations, but the Australian dollar still pushed higher.
Matthew Circosta, economist at Moody's Analytics, discusses the jump in the Australian dollar following the Reserve Bank of Australia's decision to stand pat on monetary policy Tuesday.
Annette Beacher, head of Economic Research at TD Securities and David Walker, senior analyst at StocksInValue.com.au, discuss their expectations for the Reserve Bank of Australia's policy decision and outline trading strategies.
Ben Jarman, senior economist at JP Morgan, says nothing has "materially happened" since the Reserve Bank of Australia's May meeting to bolster the case for another rate cut.
The RBA will not cut rates anymore this year, says Steve Goldman, managing director at Kapstream Capital.
The RBA may be pleased with the lower Australian dollar following last month's rate cut, says Emma Lawson, senior currency strategist at National Australia Bank.
Investors should be a little bit nervous about the Australian dollar ahead of the central bank's meeting on Tuesday, says Sean Callow, senior currency strategist at Westpac.
With a potential Fed rate hike as a tailwind, the dollar rally looks set to resume and it could be powerful.