Money

Aussie dollar decline may raise petrol prices, inflation

Sinking Australian dollar may raise petrol prices, fueling inflation and delaying Reserve Bank interest rate relief.

Published

1 year ago

January 6, 2025

ticker NEWS

Sinking Australian dollar may raise petrol prices, fueling inflation and delaying Reserve Bank interest rate relief.

A declining Australian dollar may result in increased petrol prices and heightened domestic inflation, delaying potential interest rate relief from the Reserve Bank.

After a 9 per cent fall in 2024, the Australian dollar trades at approximately US62¢, influenced by a significant drop in the Chinese yuan.

The Australian currency often reflects China’s economic performance.

NRMA spokesman Peter Khoury indicated that further decline in the Australian dollar could lead to increased local petrol costs due to diminished purchasing power against the US dollar. Over the past month, benchmark Brent crude prices have surged nearly 10 per cent, driven by declining US oil stockpiles and a general positive sentiment in markets, despite stagnation in China’s economy.

Khoury noted that petrol prices in key capital cities remain high following the Christmas and New Year holidays and have not yet normalised. In Sydney, prices are decreasing very slowly, averaging less than half a cent per day for regular unleaded fuel, compared to the typical reduction of one cent per day.

Matthew Sherwood, head of investment strategy at Perpetual, mentioned that rising petrol prices could contribute to headline inflation. However, the central bank typically focuses on core inflation, which mitigates the effects of volatile food and energy prices.

He also highlighted that a weaker Australian dollar could drive inflation higher, raising concerns for the Reserve Bank.

Money

Australia’s inflation hits 3.8%: Budget decisions under pressure

Australia’s inflation hits 3.8%, raising concerns for households; Dr. Enticott discusses implications for everyday Australians and economic planning.

Published

3 hours ago

February 3, 2026

Harvey Vargas

Australia’s inflation hits 3.8%, raising concerns for households; Dr. Enticott discusses implications for everyday Australians and economic planning.

Australia’s inflation has surged to 3.8%, sparking concern for households and businesses. Experts warn that rising prices could threaten financial stability if the government does not act in the upcoming budget.

Dr Steven Enticott from CIA Tax joins Ticker to break down what this inflation spike means for everyday Australians. He also explains why inflation above the Reserve Bank’s target band is particularly significant and how it affects economic planning.

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#AustraliaInflation #EconomicUpdate #Budget2026 #RBA #FinancialNews #BusinessImpact #HouseholdCosts #TickerNews

Money

Wall Street gains momentum amid tech and earnings surge

U.S. stocks rose Monday, driven by Oracle gains, as investors overlooked recent silver and bitcoin losses ahead of earnings week.

Published

6 hours ago

February 3, 2026

Harvey Vargas

U.S. stocks rose Monday, driven by Oracle gains, as investors overlooked recent silver and bitcoin losses ahead of earnings week.

U.S. equities climbed on Monday as Wall Street kicked off a new month of trading. Investors looked past recent losses in silver and bitcoin, with optimism returning to major indices. The S&P 500 rose 0.7%, led by gains in Oracle shares following the company’s announcement to raise up to £50 billion for cloud capacity.

The Dow Jones Industrial Average surged 501 points, while the Nasdaq Composite increased 0.9%. Analysts note that the broader market is showing resilience despite mixed signals from tech and commodities.

More than 100 S&P 500 companies are expected to report earnings this week. Strong growth is predicted, even as some high-profile sell-offs continue to make headlines.

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Money

U.S. dollar weakens while Australian dollar rises amid global market shifts

Published

4 days ago

January 30, 2026

Harvey Vargas

US dollar weakens as Trump comments; Australian dollar gains from commodity prices and RBA rate hike expectations

The US dollar is coming under pressure as the economy remains strong and President Trump comments on its decline. We explore how this is impacting major currencies around the world and what it means for investors.

Meanwhile, the Australian dollar is benefiting from rising commodity prices and growing expectations of an RBA rate hike. Global investors are increasingly drawn to Australia’s bond market as economic conditions shift.

Currency trading strategies are adapting to this changing landscape, with potential implications for interest rates and international markets. Steve Gopalan from SkandaFX breaks down the trends.

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#USDDollar #AustralianDollar #ForexTrading #RBA #InterestRates #GlobalEconomy #CurrencyMarket #Ticker