Macro Moves in 2024
Mexico is looking up, China down, and recession risk is “on”
Macro Moves in 2024
Aussie Dollar Not Finished Falling
The U.S. dollar backtracked in July as the Federal Reserve tempered expectations for when it would begin to reduce stimulus. The markets had seemingly over-extrapolated after the Fed brought forward its projected rate hike timeline at the June policy meeting. That change introduced 50 basis points in tightening in 2023 that were previously absent from … Continued
US-China Trade Impacts Aussie Dollar
U.S. equity indexes have hit historic highs, but the price action included periods of drawdowns throughout last year. Some drawdowns were related to negative U.S.-China trade war headlines, a major macro theme that will continue to roil the markets this year. That leaves no escape from the headlines for Australian currency. The Australian “Aussie” dollar … Continued