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Australian Dollar Rises to ¥110 . 27 Against Yen in RBA Data

The Reserve Bank of Australia measured the Australian dollar at ¥110.27 on Oct. 19, up from ¥109.67 on Oct. 16. The RBA raised its cash rate by 25 basis points to 4.60% on Sept. 29 and said another increase remained possible if needed to return inflation to target. After Australian jobs data, market-implied odds of a November RBA hike fell to about 9% from 32%, reflecting market pricing rather than an RBA forecast. China's National Bureau of Statistics reported 4.5% year-over-year growth in the third quarter, up from 4.3% in the second, though fixed-asset investment fell 7.2% in January–September. RBA Assistant Governor Christopher Kent said neutral interest rates appear to be rising, with fiscal spending and AI-related investment as possible influences, which would make a given policy setting less restrictive.

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