Australian Treasurer Chalmers: Q2 GDP to be similarly difficult'

Market news

5 June 2024

Australian Treasurer Chalmers: Q2 GDP to be similarly difficult'

Australian Treasurer Jim Chalmers said on Wednesday that he expects “the second-quarter GDP to be `similarly difficult'.

“Savings ratio drop shows Australians under pressure,” he added.

Market reaction

AUD/USD is unperturbed by the cautious remarks, holding 0.29% gains on the day to trade at 0.6662, as of writing.

WTI drops to near $73.00 due to builds in US Oil stockpiles

GBP/USD Price Analysis: Remains close to over two-month peak, bullish potential intact

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 disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.