Australia’s labor market rebounded in May, with employment rising by 40.3k, above expectations of a 30.5k increase, while the unemployment rate edged down from 4.5% to 4.4% as expected. The participation rate also ticked higher from 66.6% to 66.7%, pointing to resilience in labor supply. However, the headline gain was partly offset by a sharp […]
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The battle in Silver has entered a far more important stage. Breaking below $60 is psychologically significant, but the market’s attention is already shifting to another level roughly ten dollars lower. Around $50 sits one Read more…
Bank of Japan board member Naoki Tamura laid out his clearest roadmap yet for further policy normalization on Thursday, saying the central bank’s baseline should be to raise interest rates by 25 basis points every Read more…
Recent developments mean that the RBNZ’s outlook for the OCR has likely moved back towards that forecast in the February MPS. We are similarly updating our forecasts to reflect the unexpectedly quick resolution of the Read more…