Australian Dollar Drifting Ahead of RBA Decision

Market picture Crypto market capitalisation added 1.2%, recovering to Monday’s levels of $2.28 trillion. On 25 June, the Crypto Fear and Greed Index fell into “fear” territory at 30 points, the lowest since September 2023. On 26 June, the index recovered to 46. Both in September and now, the price and index’s sudden drop out […]

Key insights from the week that was. In Australia, the Q2 CPI reported a 1.0% (3.8%yr) gain in headline inflation and a 0.8% (3.9%yr) lift in underlying trimmed mean inflation, the latter a material downside surprise relative to consensus. The detail was nuanced, with some prices pressures continuing to abate as others showed persistence. Disinflation […]

Market picture The crypto market failed to get on a growth path, with its capitalisation falling 1.5% to $2.35 trillion in the last 24 hours. Cryptocurrencies have had their wings clipped by the sell-off in equity markets, reflecting a downturn in risk appetite in global finance. Due to the link to traditional finance, the largest […]