6:00 – Polls have just closed for the two Victorian state by-elections in Prahran and Werribee. I’ll be following the results here tonight.
DXY is back on more tariff talk. AUD was soft. Lead boots are weighing. Gold is a machine. Copper bubble! Miners lagging. EM maybe. Junk in the trunk. Yields up. Stocks down. AUD CFTC still very short in futures but long in options. Futures rule. US jobs were reasonable enough—142k and 4% UE. Wages are
The post Australian dollar bears still in the gun appeared first on MacroBusiness.
US President Donald Trump has promised to sign an executive order against paper straws next week. The move would reverse former President Joe Biden’s plan to phase out single-use plastic products in government buildings by 2027.
Trump made the announcement on Friday on his social media platform, Truth Social.
A rare legal effort to secure rights for atheists and nonbelievers was quashed last month by Indonesia's Constitutional Court, which ruled that a citizen must profess a faith, even a minority one, on official documents, and that marriage must conform to religion.
The BRICS nations will not be able to find a replacement for the US dollar even if they try, US Treasury Secretary Scott Bessent has claimed.
The comment comes as members of the economic group, including Russia, China, and India increasingly shift to mutual trade settlements in their national currencies.
No alternative to dollar – US treasury secretary
International Reading: Elon Musk Now Legally Banned from US Treasury Systems – MSM ‘Big money fraud’: Musk team reportedly gains access to Medicaid and Medicare computers – Raw Story Millions of federal workers face deadline today over whether to resign – CBS News Trump tariffs ‘made something snap in us’ – many Canadians see US
The post Weekend Reading and Media Appearances appeared first on MacroBusiness.
Bent like a crooked hook, my old body falls apart
The grocery bags are scratching the ground
Arms weakened by muscle-mass loss abound
Lady walking ahead has a bargearse fart
From too tight pants that value a butt-crack
Short legged with tattoos ending higher forever
A pigeon walks like a distinguished drunken hack
Comes man in black — lorikeet on shoulder
JOHANNESBURG - Tensions between South Africa and the United States continue to escalate following US Secretary of State Marco Rubio's recent announcement to skip the upcoming Group of 20 (G20) Foreign Ministers' Meeting later this month.
Tensions rise between South Africa, US as Rubio plans to skip G20 FM meeting
By Xinhua
Asian share markets are somewhat mixed with only Chinese shares really advancing as local markets dip into the red for the week on the back of a much stronger Australian dollar while Japanese shares are suffering despite some good domestic economic prints. Oil markets are slowly decelerating from their recent falls with Brent crude still
The post Macro Afternoon appeared first on MacroBusiness.
I reported on Thursday how 48,000 New Zealand citizens left the country in the year to November 2024. Statistics New Zealand noted a provisional annual net migration loss of 30,100 people to Australia. The loss of Kiwis to Australia reflects, at least in part, the diverging labour market outcomes. Australia’s unemployment rate was only 3.9% in