Australia Treasurer Chalmers says fall in AUD on concerns over China, and 4 RBA cuts

  • Australia is in the midst of an election campaign, so Chalmers promising 4 rate cuts from the RBA is a little self-serving

Australia Treasurer Chalmers:

  • Fall in Australian dollar largely as a result of concerns about Chinese economy
  • Also reflects the fact that markets are now expecting around four interest rate cuts in Australia this calendar year
Jim Chalmers, Treasurer of Australia
Jim Chalmers, Treasurer of Australia

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