USA and Australia Facing Conflicting Futures

LATEST AUSTRALIAN BUSINESS NEWS

Just as an Australian survey of business expectations has found most Australian businesses are preparing for a difficult start to the new financial year (1 July), the US is reporting strong job prospects.

According to the latest Dun and Bradstreet business expectations survey, most business owners say there is a softening retail demand and their profits have fallen.

The US report has led markets there to factor in continuing growth and steady interest rates.

The Australian report has caused some uncertainty in the markets and has resulted in a slight decline in the value of the A$ versus the US$.

At the time of writing, A$1 = US77.44 cents

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David

editor@agarcarlyon.com