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What’s happening in Australia and around the world?

  • 6 August 2019

At its latest meeting, Australia’s central bank kept rates on hold and seems quite unlikely to come to the rescue of the Aussie dollar any time soon. But given that Australia is the most exposed G10 economy to Chinese imports, a lot depends on how the trade war develops. For now, the balance of risks for the currency remain heavily tilted to the downside

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RBA unlikely to help the Aussie dollar's clouded outlook
FX Australia
5 August 2019

RBA unlikely to help the Aussie dollar's clouded outlook

The re-escalation of trade wars and the drop in the Chinese Yuan is dampening appetite for the highly-exposed AUD. Tomorrow's Reserve Bank of…

NZD/USD: Ready for another leg lower
FX New Zealand
6 August 2019

NZD/USD: Ready for another leg lower

The trade war will probably keep striking the battered and bruised New Zealand dollar and the dovish central bank of New Zealand is unlikely to provide…

China fixes the yuan higher
Quick take
China
6 August 2019

China fixes the yuan higher

Today's fixing is an even bigger depreciation move, but some were expecting the fix to be higher still, and the market response is more balanced

RBNZ set to cut rates
Quick take
New Zealand
5 August 2019

RBNZ set to cut rates

Wednesday's Reserve Bank of New Zealand is widely expected to deliver a further cut in the cash rate to 1.25%

The Fed’s pre-emptive strike
31 July 2019

The Fed’s pre-emptive strike

The Federal Reserve has cut the fed funds target range by 25bp. We characterise this as an early pre-emptive move to help ensure the longest US economic…

Crude oil: Further OPEC+ cuts needed?
6 August 2019

Crude oil: Further OPEC+ cuts needed?

There is a clear battle going on in the oil market- uncertainty over demand growth versus a constructive supply picture in the near term. But which will…

Australian 2Q19 CPI takes pressure off Reserve Bank
Quick take
Australia
31 July 2019

Australian 2Q19 CPI takes pressure off Reserve Bank

Despite recent dovish remarks from Reserve Bank (RBA) Governor Lowe, the improved CPI figures for 2Q19 take the pressure off any need for an imminent…

US Trade wars Trade War RBNZ RBA rate decision RBA Powell NZD New Zealand FX FOMC Federal Reserve Emerging markets Commodities CNY China

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This publication has been prepared by ING solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument.
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