Brandywine Global: The euro area has defied expectations. What seemed a near-certain descent into an abysmal recession has not occurred. While risks still loom,
AUD/USD slides after the Reserve Bank of Australia hiked the cash rate by 25 basis points, in line with expectations. The focus now shifts to US Fed Chair Powell’s testimony later today and tomorrow. What’s next for AUD/USD?
The slide in the Australian dollar has paused following surprisingly strong China manufacturing and services data. Would it be enough to trigger a sustainable rebound in AUD/USD?
The recent retreat in AUD/USD is a reflection of the divergence in the growth outlook of the two economies. This morning’s slide following dismal Australian jobs was no exception. What’s next for AUD/USD?