Swiss executives gave luxury gifts for US President Donald Trump shortly before Bern and Washington announced a new trade deal that reduces the steep US import tariffs, according to media reports.
DXY is back. AUD is sitting on big support. CNY serene. Gold no bueno. AI metals likewise. Miners fade. EM too. Junk sitting on big support, too. Yields down a smidge. Stocks no bueno. There was not much overnight to explain the strong DXY, other than traditional risk off. That the failure of risk sentiment
The post Australian dollar bashed by bursting bubble appeared first on MacroBusiness.
Somewhere around 2085, give or take a few years, the last baby boomer will die. But their story is not, in the end, a story about age.
Government ministers from around the world are preparing for a final few fraught days of talks at the UN climate summit as they bid to secure a deal that demonstrates global resolve amid increasing assertiveness from developing nations.
There is a strange paradox at the heart of the whole de-dollarization trend. Both the BRICS upstarts seeking alternatives to the dollar and the aging hegemon trying to forestall this process have, at least officially, coalesced around a similar but not entirely accurate narrative: that the gradual pivot away from the dollar is primarily driven by Washington’s weaponization of its currency.
Financial markets and many economists no longer believe that the Reserve Bank of Australia (RBA) will provide further interest rate relief. They now expect the official cash rate to remain on hold next year. I am less hawkish. I expect the unemployment rate to trend higher amid the rapid expansion of the labour market via
Ukrainian forces have begun using the TFL-1 terminal guidance system, which increases the accuracy of FPV drones and ensures effective control even in the case of communication disruption.
Not a good start to the trading week with most Asian stock markets in the red as a slew of macro events and central bank speeches along with the restart of the US federal government is clouding the short term outlook. Currency markets appear nonchalant however with the Australian dollar holding somewhat steady but looking
The post Macro Afternoon appeared first on MacroBusiness.
Despite the end of the 50-year bipolar period known as the Cold War in the 1990s and the subsequent twenty-year unipolar world order, the world is currently splitting into two camps again. One of them is once again being led by the United States, and has roughly the same composition. The leader of the second camp is now China.
The Indo-Pacific Game Intensifies
