The LDP’s landslide victory in Japan led to a pullback in USDJPY. China has been buying gold for 15 months in a row, supporting the price. Improved global risk appetite undermined the US dollar. The S&P 500 recorded its best daily rally since May amid easing fears about the negative impact of artificial intelligence on […]
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Recession is not our base case, but we believe the risk distribution has shifted decisively to the downside, as oil briefly broke above $110/barrel and remains volatile. The U.S. economy does not enter the current Read more…
RBA Deputy Governor Andrew Hauser signaled that policymakers face a difficult decision at next week’s board meeting, warning that the recent surge in oil prices is adding new uncertainty to the inflation outlook. Speaking in Read more…