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A less hawkish RBA?

A less hawkish RBA?

I have been following China's National People's Congress closely, and so far, it has been a bit of a letdown for the AUD. The government has announced a real GDP growth target of around 5.0% for 2023, which is slightly lower than what the market had expected, which was above 5.0%.
ACY Securities | 405 일 전
FX Viewpoint: Various Landing Scenarios & the USD

FX Viewpoint: Various Landing Scenarios & the USD

Challenging inflation and growth dynamics point to rising policy uncertainty as the global monetary tightening cycle matures. As the data has evolved, so too has the debate over which landing scenario will ultimately come to fruition later this year: “hard landing,” “soft landing,” or “no landing.”
ACY Securities | 410 일 전
FX Compass

FX Compass

Last week's US core PCE data surprised us with an upside surprise, prompting me to expect a further increase in US terminal rate expectations and consequently, the strength of the USD.
ACY Securities | 410 일 전