Listen to a short summary of this report. Executive Summary A Beacon Of Hope For AUD Along with the Canadian dollar, the Aussie has been one of the best performing currencies during a broad-based dollar…
Listen to a short summary of this report. Executive Summary Chart 1The Dollar Has Broken Below The First Line Of Support The softer CPI print in the US boosted growth plays and pushed the DXY index below…
As expected, the Reserve Bank of Australia raised the cash rate by 50bps on Tuesday to 1.85%, marking its fourth consecutive monthly rate hike. The cumulative increase of 175bps since May reflects efforts to contain inflationary…
Australia’s headline CPI inflation accelerated from 5.1% y/y to 6.1% y/y in Q2. Similarly, trimmed mean inflation, a less volatile core measure, rose to a record high of 4.9% y/y from 3.7% in the previous quarter. Rising…
Executive Summary Our recommended model bond portfolio outperformed its custom benchmark index by +24bps in Q2/2022, improving the year-to-date outperformance to a solid +72bps. The Q2 outperformance came entirely from the credit side…
As expected, the Reserve Bank of Australia lifted the Cash Rate target by 50bps to 1.35% on Tuesday, marking the second consecutive jumbo rate hike. The latest increase brings the cumulative magnitude of rate hikes since the…
Executive Summary China: GeoRisk Indicator A new equilibrium between NATO, which now includes Sweden and Finland, and Russia needs to be reestablished before geopolitical risks in Europe subside. Russia aims to inflict a…
AUD/JPY has strengthened to a fresh multi-year high. As a key commodity producer, the Australian economy is extremely sensitive to the global economic cycle – particularly Chinese economic conditions. Meanwhile, the JPY is…
The RBA surprised investors by raising its cash rate target by 50bps to 0.85% on Tuesday. The increase exceeds expectations of 25bps and triggered a sharp selloff in Aussie government bonds. Governor Philip Lowe delivered a…
Listen to a short summary of this report. Executive Summary US Financial Conditions Have Tightened Significantly This Year US financial conditions have tightened by enough that the Fed no…