Australian material stocks have been outperforming the overall Aussie equity market since the beginning of November, climbing 29% over this period. Unsurprisingly, these gains coincide with the latest rally in industrial metal…
In this Strategy Insight, we go over the RBA’s recent decision and the implications of its hawkish message for AUD trades.
In this Strategy Insight, we go over the RBA’s recent decision and the implications of its hawkish message for AUD trades.
As expected, the Reserve Bank of Australia raised its cash rate by 25 bps on Tuesday to 3.35% -- marking the ninth consecutive rate hike. In particular, Governor Philip Lowe’s statement highlighted that robust domestic…
This week, we articulate what the actions of the three major central banks that met (Fed, ECB and BoE) mean for currency markets. This is within the context of our analysis of the latest data releases in the G10, that allows us to…
CPI inflation in Australia accelerated to 7.8% y/y in Q4, surpassing expectations of a milder increase from 7.3% y/y in Q3 to 7.6% y/y. Price increases are particularly pronounced among the housing (10.7% y/y), food (9.2% y/y)…
While the housing downturn will be fairly mild in the US, it will be more severe abroad. Continue to favor bonds of countries whose housing fundamentals will limit rate hikes.
While price pressures appear to have peaked in the US and Eurozone, the latest monthly report suggests that inflation is still rising Down Under. CPI inflation in Australia accelerated from 6.9% y/y to 7.3% y/y in November, led…
This week, we look at the latest data releases in the G10, along with implications for all the major currencies.