Key insights from the week that was. After reviewing last week’s National Accounts, we revised our RBA call, reinstating a 25bp November rate hike. Domestic demand is proving more resilient than we had anticipated, buoyed by stronger household incomes and a large pipeline of data centre and renewable energy investment, limiting the pace of disinflation. […]
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Key Highlights USD/JPY started a major decline from 160.40 and fell by over 500 pips. A bearish continuation pattern could be forming with resistance at 154.80 on the 4-hour chart. WTI Crude Oil prices surged Read more…
Japan’s Producer Price Index eased from a revised 7.7% to 7.6% y/y in August, but remained above the 7.4% consensus, keeping wholesale inflation at an elevated level. On a monthly basis, PPI swung from a Read more…
New Zealand’s PMI Manufacturing eased from 54.3 to 53.1 in August, remaining in expansion territory and still above the survey’s long-run average of 52.5. The slowdown was broad across several sub-indices, with production falling from Read more…