In 2024, Australia’s vibrant festival scene took a major hit, with a number of beloved music festivals either postponing or outright cancelling their events. Post-pandemic rising operational costs, poor ticket sales, and the lasting financial impact of the pandemic were among the main reasons many festival organisers cited. The cost of insurance, hiring security, and
Tag: Australian
Australian Dollar remains weaker following GDP, China Services PMI data
The Australian Dollar remains weaker following the mixed economic data on Wednesday. The Bank of America has revised its economic growth forecast for China, lowering its 2024 projection to 4.8%. The US ISM Manufacturing PMI inched up to 47.2 in August from 46.8 in July. The Australian Dollar (AUD) extends its losses against the US Dollar
Australian Dollar consolidates despite improved market optimism
The Australian Dollar moves sideways despite positive economic data on Monday. Australia’s Building Permits increased by 10.4% MoM in July, marking the strongest growth since May 2023. The US Dollar may depreciate due to the rising odds of a 25 basis point rate cut by the Fed. The Australian Dollar (AUD) experiences volatility against the US