Australian Dollar Gains Momentum Amidst RBA’s Hawkish Stance

The Australian Dollar strengthens the RBA’s hawkish stance amid robust economic indicators, contrasting with mixed signals from the US Dollar
Australia Q3 business investment slips, outlook surprisingly resilient

Australian business investment slipped in the third quarter as pandemic lockdowns shut many firms, though future spending plans proved surprisingly resilient and a rapid recovery is expected now that most restrictions have been lifted.