Monthly Archives: July 2023
Aussie Dollar Gains Ahead Of RBA Rate Decision
Written on July 4, 2023 at 6:39 am, by lishitong
The disappointed PMI reading indicates a lack of optimism in the manufacturing sector Investors await the RBA’s interest rate decision, expecting a 25 bps rate hike. Despite Australia’s CPI dropping to 5.6%, it remains distant from the 2% target. Meanwhile, the Purchasing Managers’ Index (PMI) readings in both the United States and the Eurozone indicateContinue Reading
U.S. PCE Shows Inflation Moderating
Written on July 3, 2023 at 6:03 am, by lishitong
Cooling inflation has given hopes to the equity markets and weighed on the dollar The US Dollar has strengthened significantly as economic data exceeded expectations, bolstering confidence in the currency. Furthermore, the robust performance of the banking sector has ignited positive momentum in the US equity market. The Federal Reserve’s stress test results have demonstratedContinue Reading
