21.08.202502:22:25UTC+00Australian Dollar Logs 4-Session Decline

The Australian dollar slipped below $0.642 on Thursday, marking its fourth straight day of decline and reaching its lowest point in three weeks. This downward trend coincided with the release of new economic data. In August, Australia's private sector reported its fastest growth since April 2022. The composite Purchasing Managers' Index (PMI) rose to 54.9, bolstered by significant advancements in both the services sector, which increased to 55.1 from 54.1 in July, and the manufacturing sector, which rose to 52.9 from 51.3. This growth was fueled by a marked increase in new orders and a broader customer base. At the same time, consumer inflation expectations decreased for the second consecutive month, dropping to 3.9% in August 2025 from 4.7% in July, the lowest since March. During the first quarter, annual inflation remained stable at 2.4%, marking a four-year low and staying unchanged for the third quarter in a row. However, the trimmed-mean Consumer Price Index (CPI), the Reserve Bank of Australia’s favored gauge for core inflation, fell to 2.9%. This was its lowest point since late 2021, though it remained slightly above the midpoint of the RBA’s target range of 2–3%.