Currently 104.38 in tight range as markets wait on US election
Offers: 104.75-80 105.00 105.20 105.50 105.80 106.00 106.50 106.75 107.00
Bids: 104.20 104.00 103.80 103.50 103.35 103.00 102.80 102.50 102.20 102.00
Offers: 104.75-80 105.00 105.20 105.50 105.80 106.00 106.50 106.75 107.00
Bids: 104.20 104.00 103.80 103.50 103.35 103.00 102.80 102.50 102.20 102.00
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AI job cuts hit 16K/month, Gen Z faces pay cuts & long job searches. Scarring effect noted.
ANZ commodity index rose 4.1% m/m in March, near record highs, as Middle East conflict drove broad gains. Dairy and aluminium led on supply fears, while NZD weakness pushed the local index to a record high.
TAO up 47% YTD, targets $2.2K by 2030 (7x gain), but AI crypto risks loom.
Australia household spending rose 0.3% in Feb, but inflation pressures surged with the TD-MI gauge up 1.3% in March. Job ads fell 3.1%, pointing to softer labour demand as energy-driven cost pressures build.
Goldman's private credit fund sees <5% redemptions, bucking sector trend. Barings caps withdrawals.
Japan's energy crisis hits Nikkei 225, IMF projects 0.8% growth. Oil prices surge, household bills rise.
Yuan seen strengthening to 6.8/USD in Q2, defying seasonal weakness. Strong trade flows, a widening surplus and large reserves support the currency, which is increasingly viewed as a regional haven.
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