The Australian Dollar rises as the Financial Times reported that the PBoC is signaling potential rate cuts this year. The AUD recovered from two-year lows as stronger commodity prices provided support, particularly Oil and Gold. The US Dollar Index surged to a new multi-year high of 109.56 following the release of Jobless Claims on Thursday….
Dollar ended as the strongest performer last week, boosted by a surge in U.S. Treasury yields following persistent inflation data. Despite expectations of another 25bps rate cut at the upcoming FOMC meeting, stubborn price pressures are likely to slow the pace of policy easing next year. Adding to the caution, inflation uncertainties under the incoming…
Markets November US CPI data came in bang in line with consensus. Monthly growth of 0.3% for both the headline and the core series resulted in annual readings of respectively 2.7% (from 2.6%) and 3.3% (stable). Contrarians betting on a status quo at next week’s FOMC meeting threw in the towel in absence of an…
The Australian Dollar appreciates following the domestic mixed labor market. Australia’s Employment Change rose by 35,600 in November, exceeding the previous 12,100 and the expected 25,000 readings. Traders still expect the Fed to proceed with a quarter-point rate cut in December following the latest US CPI report. The Australian Dollar (AUD) halts its two days…
The Australian Dollar holds losses as RBA Governor Bullock discussed the risks of rising inflation have eased. The RBA decided to hold the Official Cash Rate steady at 4.35% in its final policy meeting in December. The US Dollar continues to gain ground ahead of US Consumer Price Index data due on Wednesday. The Australian…
The resurgence of “Trump Trade” last week reignited optimism across financial markets, driving US stocks to fresh record highs and propelling Bitcoin past the critical 100k psychological level. Investors appeared largely unfazed by a slew of top-tier US economic data and the solidification of expectations for a 25bps Fed rate cut this month. Instead, the…
US Jobs report all but confirms a December rate cut, with markets pricing in an 80% probability. Nasdaq nears 22,000 as US equities continue their strong performance, with the S&P 500 also hitting record highs. Global markets await US CPI and ECB decisions, with expectations of a 25 bps rate cut from the ECB. Focus…
The Australian Dollar softens in Thursday’s Asian session. Slower-than-expected Australian Q3 GDP and heightened expectations of RBA’s dovish stance exert some selling pressure on the Aussie. The US weekly Initial Jobless Claims and Goods Trade Balance are due later on Thursday. The Australian Dollar (AUD) remains under selling pressure on Thursday. The disappointing Australian economic…
Australia Judo Bank Services PMI came in at 50.5, above expectations (49.6) in November Source link
US equities finished strong, driven by tech and retail stocks, with the S&P 500 reaching record highs. The US dollar weakened due to increased expectations of a December rate cut by the Federal Reserve. The upcoming week’s focus is on US jobs data, which could impact the Fed’s decision and the US dollar’s performance. Week…