- Australian Treasurer Chalmers: Still significant reasons to be optimistic about the economy
Market news
7 September 2022
Australian Treasurer Chalmers: Still significant reasons to be optimistic about the economy
Australia’s Treasurer Jim Chalmers is making some optimistic comments on the economic outlook during his appearance on Wednesday.
Key quotes
Strong commodity prices cannot be relied on to last.
There are still significant reasons to be optimistic about the economy.
His comments come after the Australian GDP missed estimates with 0.9% QoQ in Q2. The market forecast was for a 1.0% print.
Market reaction
At the time of writing, AUD/USD is attempting a tepid bounce to near 0.6720, finding some support from the above comments from Chalmers.
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page