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After a few wobbles, disinflation has resumed in peer economies. Why should Australia be any different? Recent inflation data overseas has reminded market participants that sticky inflation need not imply stuck inflation. After a few wobbles, disinflation has resumed in the United States, Canada and New Zealand. Expectations of near-term cuts in policy rates have […]

The post We’re Just Not That Special appeared first on Action Forex.

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18/12/2023

Central Banks Look to Spoil the Party, BoJ Eyed Tonight

Not the most thrilling start to the week but that’s to be expected given the number of major events over the last few sessions and the absence of anything significant today. The second half of last week was quite the ride, with the Fed going further than many expected on rate cuts for next year, […]
17/09/2024

Further Loss of Interest Rate Support Makes South the Path of Least Resistance for Dollar

Markets With investors counting down to the Fed policy decision on Wednesday, yields moving further south still was the path of least resistance on US (and EMU) interest rate markets. Maybe a bit strange that when discussing a jumbo rate cut at the start of the easing cycle, the long end of the US yield […]
17/12/2023

2024 International Economic Outlook: Weathering the Storm

Summary Key Themes As we head into 2024, we are downbeat on the prospects for global GDP growth. In our view, the global economy is likely to experience a period of below-trend growth in 2024, with the global economy expanding just 2.4%. Growth prospects are to be restrained by a U.S. economy likely to experience […]