Australia’s Treasurer Jim Chalmers is making some optimistic comments on the economic outlook during his appearance on Wednesday.
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.
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.