-
Australian Dollar Forecast: Flash PMIs Ease With RBA Talks in Focus
June’s flash PMI data showed the Australian economy continued to expand across the services and manufacturing sectors, according to IHS Markit. The upbeat prints mark the tenth straight month of expansion, although the prints were not as strong as the prior months. The manufacturing index fell to 58.4 from 60.4, while the services index fell to 56.0 from 58.0. Labor market conditions remain positive despite the JobKeeper wage subsidy program ending earlier this year, in line with the Reserve Bank of Australia’s outlook on employment. The indexe’s inflation gauge eased slightly after months of building prices, ... (full story)