Australian Treasurer Chalmers: Expect a sharp slowdown for the Australian economy

Market news

12 July 2023

Australian Treasurer Chalmers: Expect a sharp slowdown for the Australian economy

Australian Treasurer Jim Chalmers said on Wednesday, “expect a sharp slowdown for the Australian economy.”

Additional quotes

“The global economy in a dangerous road.”

“No decision yet made on the next RBA Governor.”

Market reaction

At the time of writing, AUD/USD is holding gains near 0.6720, adding 0.47% so far.

EUR/USD hits over two-month top, around 1.1030 area as USD selling remains unabated

PBOC sets USD/CNY reference rate at 7.1765 vs. 7.1886 previous

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