The RBA has been happy to use the higher AUD as an inflation fighting tool but they will not want to see it galloping higher unopposed. My sources tell me that 1.05 is not seen as a particular problem but that if the AUD/USD continues with it’s present march higher and nears 1.10 in a hurry, we can expect the RBA to step in and ‘smooth’ the trend.
At present rate of knots, that could be sooner rather than later.
Most Popular
Sponsored
Aerospace stocks soar 8.7% post-earnings. TDG up 3.5% on strong revenue beat, RKLB surges 58.1%. ASLE misses, down 11.7%.
Shale M&A hits $38B, highest in 2 yrs. High oil prices fuel consolidation, DVN/CTRA deal valued at $25B.
CLX, SPB, CHD down post-earnings despite revenue beats. CL up 2.6%. Valuations mixed.
Jeff Currie warns US oil inventories are rapidly approaching minimum tank levels, with stocks falling to around 102 million barrels and the summer driving season yet to begin.
Trump warned Iran it must move fast toward a peace deal or face destruction, as Strait of Hormuz remains blockaded and Lebanon ceasefire continues to fray.
Seadrill surges 5.2% on strong earnings beat; GRNT down 6.2% on revenue miss. High risk, high reward.
CORO ETF's 31% return beats benchmark. CreativeOne Wealth buys $55M, betting on global rotation.
Sponsored
Must Read
