Australia's Trade Minister says U.S. tariffs are unwarranted and Canberra will continue pressing the U.S. Trade Chief for their removal.

Australia's trade minister stated that new US tariffs are unjustified.

Australia's July flash manufacturing PMI rose to 51.7 from 51.5, services PMI to 53.0 from 50.5, and composite PMI to 52.6 from 50.4.

Australian Composite PMI rose to 52.6 in flash estimate from 50.4 previously.

Australian manufacturing PMI flash reading came in at 51.7, slightly above the previous month's 51.5.

Australia's June 2026 participation rate rose to 67.0%, above the 66.7% estimate and previous 66.7%.

Australia's part-time employment change for June was 47.0K, up from the prior revised figure of 35.2K.

Australia's full-time employment for June increased by 29.3K, up from a previous 5.2K.

Australia's unemployment rate was 4.4% in June, matching the estimate and the prior month.

Australia's employment change for June recorded 76.3K, far exceeding the estimate of 15.0K and the previous 40.3K.

Australia Employment Change for June rose by 76.3K, well above the 15.0K estimate; Unemployment Rate held at 4.4%.

Australia June employment rose by 76,300, sharply beating the poll forecast of 15,300.

Australia added 29,300 seasonally adjusted full-time jobs in June.

Australia's unemployment rate was 4.4% in the latest release, matching both the forecast and the previous figure.

Central banks' interest rate expectations shifted this week, with RBNZ pricing 57 bps of hikes by year-end (71% probability of rate hike at next meeting), Fed 42 bps (64% probability of no change), ECB 41 bps (70% probability of rate hike), BoE 37 bps (92% probability of no change), RBA 28 bps (61% probability of no change), BoJ 25 bps (97% probability of no change), BoC 20 bps (93% probability of no change), and SNB 15 bps (84% probability of no change).

WTI crude oil surged 7% intraday, breaking above $93/barrel; Brent crude rose over 5% to $95.31/barrel.

Currency strength chart shows CAD, EUR, AUD, JPY, USD, CHF, GBP, and NZD as strongest currencies.

Oil holds near a six-week high after the US deploys a B-1 bomber and strikes Iran for a 12th consecutive night; Iran warns the Strait of Hormuz is fully closed, threatening total halt to oil flows.

The Australian dollar rose after stronger-than-expected jobs data increased market expectations for a Reserve Bank of Australia rate hike.