The Australian Dollar remains steady as Trump imposes a 25% tariff on all steel and aluminum imports. Australia’s Westpac Consumer Confidence rose 0.1% in February, reaching 92.2 from 92.1 prior. The US Dollar appreciates amid the rising cautious mood surrounding the Fed’s policy outlook. The Australian Dollar (AUD) remains subdued against the US Dollar (USD) on…
Market reaction to US tariff news has been intense, and volatile. It pays to keep your head in the face of such volatility, but some of the repricing could be helpful. If you think your newsfeed is wild, check out an intra-day graph of the exchange rate. It was always obvious that the Trump administration…
Summary United States: Economic Momentum Holding, for Now The economy ended 2024 on a solid note with a 2.3% Q4 increase in real GDP. Volatile inventory swings lowered the headline, but real final sales to domestic private purchasers rose by a robust 3.2%. Fervent consumer spending continues to drive economic activity, while inflation is receding…
The Australian Dollar holds losses following the mixed Chinese Purchasing Managers’ Index data release. The China Securities Regulatory Commission has approved a second round of long-term stock investment pilot programs valued at $7.25 billion. The USD strengthens amid uncertainty surrounding the impact of US President Donald Trump’s trade and immigration policies. The Australian Dollar (AUD)…
The Australian Dollar strengthened as President Trump’s revised tariffs on China turned out to be significantly smaller than initially anticipated. Trump announced plans to impose a 10% tariff on Chinese imports beginning February 1. The S&P/ASX 200 Index declined, driven by a drop in mining stocks as weaker commodity prices put pressure on the sector….
AUD tumbles 0.73% to 0.6155 on Friday. Hotter-than-expected NFP bolsters USD demand. Fed’s hawkish tilt and trade tensions between the US and China weigh on Aussie. The Australian Dollar remains under intense selling pressure following stronger-than-anticipated US Nonfarm Payrolls (NFP) data, hovering near multi-year lows around 0.6150. The Federal Reserve’s (Fed) hawkish shift keeps US…
Australia’s trade surplus increased to 7,079M MoM in November versus 5,750M expected and 5,670M (revised from 5,953M) in the previous reading, according to the latest foreign trade data published by the Australian Bureau of Statistics on Thursday. Further details reveal that Australia’s Exports climbed by 4.8% MoM in November from 3.5% (revised from 3.6%) seen a month earlier. Meanwhile, Imports rose by…
AUD/JPY rose as Australia Composite PMI revised upward to 50.2 in December, from the previous reading of 49.9. The Caixin China Services PMI increased to 52.2 in December, up from the previous reading of 51.5. Japan’s composite and services PMIs for December were revised downward, bolstering a dovish stance on the BoJ policy outlook. AUD/JPY…
The Australian Dollar holds gains following the PMI data release on Monday. The Caixin China Services PMI increased to 52.2 in December 2024, up from the previous reading of 51.5. The US Dollar Index hovers near 109.00, close to recent highs. The Australian Dollar (AUD) extends its gains for the third successive session against the…
The US dollar started 2025 strong, reaching a two-year high, while US equities were disappointing due to a lackluster Santa Rally. Global equity funds saw an 86% drop in inflows compared to the previous week, attributed to rising bond yields and potential portfolio rebalancing. The week ahead focuses on the US NFP jobs report and…