Fallout from Australia’s latest banking scandal – allegations CBA may have ignored money-laundering rules – may hit the sector.
Asia markets wavered Friday amid earnings disappointments and after Wall Street was dented by a report the Russia investigation intensified.
Australia's central bank is more confident that growth will accelerate over the next two years, but still expects little improvement in unemployment.
The Reserve Bank of Australia kept its benchmark cash rate at a record low of 1.5 percent for the 12th straight month.
Andrew Ticehurst of Nomura Australia weighs in on the Reserve Bank of Australia's comments on the impact of the strength of the Aussie dollar.
Gareth Aird of Commonwealth Bank says the RBA will want to make its neutral tone clear to avoid spooking markets the way it did with the minutes' release.
The Aussie dollar stood above the $0.80 mark ahead of the Reserve Bank of Australia's decision. Michael Every of Rabobank weighs in on the trajectory of the AUD.
The RBA welcomes a recent pick up in the job market, but subdued wages means policy rates will stay lower for longer, its governor said.
While the Australian dollar could crack the $0.80 level in the near term, it's likely to be lower in the long run, says Steve Goldman of Kapstream Capital.
The RBA has to consider how raising rates will impact weak consumption amid high levels of household debt, says Tan Teck Leng of UBS Wealth Management.
Any sharp action by the country's central bank could trigger a sharp end to a multi-year boom in property prices.
Elias Haddad, Commonwealth Bank's senior currency strategist, explains how Australia's upcoming inflation data will affect the local currency.
Hawkishness by policymakers in the western world does not mean that interest rates need to rise in Australia, a top central banker said.
Australia's central bank is upbeat on the economic outlook, citing improving conditions in investment, consumption and the labor market.
The Australian dollar is up around 3 percent over the past week. Tony Boyadjian of Compass Global Markets weighs in on where the Aussie is headed next.
Iron ore and metal prices will continue to provide support to the Australian dollar, says Saktiandi Supaat of Maybank.
The central bank is unlikely to upgrade their growth and inflation forecast in the near future, says Gareth Aird, senior economist at Commonwealth Bank.
The RBA kept rates unchanged on Tuesday, but the Australian dollar dropped after it said it expected the economy to strengthen gradually.
If the bank levy is taken away and government policy is stable, the bank will consider investing in South Australia, says Shayne Elliott, CEO of ANZ.
Australia added 42,000 jobs in May, flying past than the 10,000 jobs estimated, the Australian Bureau of Statistics said Thursday.