Australia’s economy accelerated, with GDP rising 0.6% in Q2, beating expectations. Consumers drove growth, with household spending up 0.9%. The Australian dollar rose slightly, and chance of a November rate cut decreased to 92%. Government and business investments were weak, but private investment and net exports added to GDP. Treasurer Jim Chalmers highlighted positive developments in housing and renewable energy sectors.

Read more at Yahoo Finance: Australia’s Q2 GDP growth quickens to 2-year high as consumers open wallets