Mon, 7th Jul 2025

In the Weekly Finance News Wrap, the main topics included the impact of unsolicited solar sales on Australians and the Australian Competition & Consumer Commission's (ACCC) response, the rise in online retail sales, updates in minimum wage and superannuation contributions, and the fall of the US dollar. The ACCC is scrutinising laws around unsolicited sales following cases of deceptive sales practices. Online retail in Australia is growing, with a reported increase in total shopping spend of 0.7% in May. The Reserve Bank is considering another rate cut to boost consumer confidence. Key financial updates for Australian workers include a 3.5% rise in minimum wage and an increase in superannuation contributions to 12%. Internationally, the US dollar has dropped by 10.7%, its biggest decrease since 1973, potentially indicating future volatility.n