Forecasts & opinions
The Reserve Bank of Australia (RBA) Tuesday cut its interest rate to a new record low of 2.25%, down from 2.50%. The RBA said that the Aussie remains overvalued, despite the recent decline.
Falling commodity prices and a slowdown of the Chinese economy weigh on the Australia's economy. China is Australia's biggest trading partner.
|remaining time till the new event being published|
- UK retail sales rose sharply in June
- Earnings Season in U.S.: Major Reports of the Week
- Swiss exports continued to grow in the second quarter
- China's debt tops 300% of GDP, now 15% of global total - IIF