• Australian Treasurer Chalmers: Still significant reasons to be optimistic about the economy

Notícias do Mercado

7 setembro 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.

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