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Market Update 06/02/2025

Wall Street showed an overall rebound. The Nasdaq index led the gains, rising 1.1%; the S&P 500 index increased by 0.6%; and the Dow Jones index edged up 0.2%. Asian stock markets performed unevenly.

Market Update 28/01/2025

Wall Street stocks showed mixed performance, with the Dow Jones up 0.7%, the S&P 500 up 0.3%, and the Nasdaq down 0.2%. The U.S. 10-year Treasury yield rose 3 basis points to 4.64%, while oil prices fell 1.3% to $74.50 per barrel.

Market Update 20/01/2025

The Australian dollar experienced further modest depreciation overnight, reaching a new annual low of 0.6332 against the US dollar. The AUD/USD pair has declined by 5 cents this quarter.

Market Update 16/01/2025

The Australian dollar experienced further modest depreciation overnight, reaching a new annual low of 0.6332 against the US dollar. The AUD/USD pair has declined by 5 cents this quarter.

Market Update 13/01/2025

The Australian dollar experienced further modest depreciation overnight, reaching a new annual low of 0.6332 against the US dollar. The AUD/USD pair has declined by 5 cents this quarter.

Market Update 09/01/2025

The Australian dollar experienced further modest depreciation overnight, reaching a new annual low of 0.6332 against the US dollar. The AUD/USD pair has declined by 5 cents this quarter.

Market Update 02/01/2025

The Australian dollar experienced further modest depreciation overnight, reaching a new annual low of 0.6332 against the US dollar. The AUD/USD pair has declined by 5 cents this quarter.

Market Update 30/12/2024

The Australian dollar experienced further modest depreciation overnight, reaching a new annual low of 0.6332 against the US dollar. The AUD/USD pair has declined by 5 cents this quarter.

Market Update 16/12/2024

AUD/USD dropped to 0.6360, reversing yesterday’s gains driven by a hawkish RBA repricing. USD strength overshadowed optimistic signals from Chinese officials about countercyclical policy. Market pricing for a 25bp RBA rate cut in February is now a 50-50 chance after a solid labour force survey, though our team still anticipates easing to start in February.

Market Update 09/12/2024

The AUD/USD pair hovered around 0.6480 in recent trading. All eyes are on Australia’s Q3 2024 GDP data, set for release at 11:30 AM Sydney time. Economists project a 0.5% quarterly and 1.1% annual growth. A significant underperformance could potentially accelerate the RBA’s rate cut timeline, currently anticipated for May 2025, and subsequently impact the AUD/USD.