DXY is still refusing to fall. AUD doesn’t mind as a US/China trade deal ignites all the things. CNY to the moon! Woe is gold. Oil not shooting the lights out. AI metals to the moon. AI RIO to the moon. EM to the moon. Junk gives the green light. Yields soft. Fed to cut
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It’s now in all the media. Lee Jae-myung will meet Donald Trump and Xi Jinping next week.
Both are billed as state visits; only one will function as one. The first will be a circus, the second will be a summit. The difference could not be starker.

US President Donald Trump said on Saturday that he would only meet his Russian counterpart Vladimir Putin once the terms of a potential deal were clear. Moscow agrees that such a meeting must be carefully prepared, but the two sides mean very different things.
Fyodor Lukyanov: The road to peace runs through the ruins of Atlanticism

Environment Minister Murray Watt wants the Parliament to amend our environmental laws, but leave a key component for him and his Department to sort out later. Former Senator Rex Patrick reports on EPBC reform.
“Trust me, I’m from the Government”.
Abul Rizvi’s forecast that Australia’s net overseas migration (NOM) will track around 300,000 under current immigration policies, 15% higher than the Treasury’s forecast, confirms that the rental crisis will persist. It is important to put Rizvi’s 300,000 NOM forecast into a historical perspective. In the first 60 years following World War II, Australia’s NOM averaged
Everything is awesome on an alleged deal between the Trump and Xi regimes over trade, but the lack of solid news isn’t holding markets back with Asian shares all green while futures for Wall Street are looking sky high. Friday night’s US CPI print is keeping the USD somewhat down against the majors as expectation
The post Macro Afternoon appeared first on MacroBusiness.

A US warship has docked in Trinidad and Tobago as Venezuela blasts the Caribbean island nation for holding joint exercises with the United States.
I dunno that I’ll get a single word written today.
Preliminary data from Cotality shows that Sydney’s residential auction clearance rate fell to 68.2% in the week to Saturday, which was the lowest since the week ending 8 June and was the first time the preliminary clearance rate has been below the 70% mark in 21 weeks. A total of 959 auctions were held in
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