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Expert market insight and updates to help you navigate the ever changing global currency markets.
Decoding Last Week's Market Moves: Beyond the Trade Headlines
The news last weekend of the massive Trump climb down on Chinese tariffs buoyed the dollar, but the bump soon faded and the dollar ended the week down against all of its G10 peers and nearly all major currencies worldwide.
The sell-off in high yielding currencies continued to batter the Australian dollar last week, which underperformed almost all of its major peers as the carry trade unwind took hold.
The soft second quarter GDP report out of China had a disproportionately large bearish impact on the Aussie dollar last week, as is typical given the close economic ties between the two countries.
AUD once again outperformed its New Zealand peers last week, as the dovish RBNZ announcement emphasised the growing rate divergence between the two nations. Australian inflation has continued to surprise to the upside, and investors remain convinced that the Reserve Bank of Australia won’t even begin contemplating cuts until 2025.
AUD posted fresh gains against most major currencies again last week, edging towards its highest level in six months on the greenback.
Global foreign exchange (FX) and trade finance leader Ebury will become the Manly-Warringah Sea Eagles jersey sponsor for this Saturday’s match against the Warriors at Go Media Stadium in Auckland, New Zealand.
Ebury are pleased to announce a new partnership with ScotPac, Australia and New Zealand’s leading non-bank business lender - aimed at making trading on a global scale faster and more accessible for all businesses.
The rising cost of hedging the Aussie dollar.This week saw the AUD fall close to 3% to below 0.66c against the USD - while also seeing simil...
The rising cost of hedging the Aussie dollar.This week saw the AUD fall close to 3% to below 0.66c against the USD - while also seeing simil...