The Australian dollar is falling out of favour again. Goldman. We are making a major shift in our Dollar view for the year ahead: we now see Dollar weakness of the first quarter persisting and deepening further. The reciprocal tariff announcement itself was close to our economists’ expectations in terms of aggregate tariff rate. If
Merchant.adventurers.of.london · DeepTGman April5 In this podcast discussion Deep T goes over the impacts and implications of the new tariff regime US President Trump unveiled during the week and how the Australian economy is likely to experience that. The discussion looks at the the near absence of meaningful economic policy discussion during an Australian
On Thursday, Australian time, the Trump Administration announced its “Liberation Day” retaliatory tariffs, which impose tariffs of between 10% and 48% on trading partners. The announcement of the tariffs led to heavy falls on global stock markets. US markets suffered heavy losses, with the S&P 500 losing $5 trillion in value in two days. This
DXY is suddenly a safe haven once more. To describe the 4.57% destruction of the AUD in one day as a lesson in arrogance doesn’t quite say it. Lead boots may be about to become a screaming meteorite of death. Oil is going to hell. When gold sells like this, you know the margin calls
On Thursday, Australian time, the Trump Administration announced its “Liberation Day” retaliatory tariffs, which impose tariffs of between 10% and 48% on trading partners. This will see the US’ effective tariff rate rise to its highest level in more than a century. The announcement of the tariffs led to heavy falls on global stock markets.
International Reading: Tesla Board Asks Elon Musk to Step Down – Clean technica JD Vance Tells Paycheck-to-Paycheck Americans to Suck Up Tariffs Pain – Daily Beast Republicans are losing faith in Trump rescuing the economy – News Week Layoffs spiked by 205% last month to third-highest ever recorded, fueled by DOGE mass firings – CBS
Not quite a bath of blood here on Asian markets but there’s been a fair share of volatility as global supply chains are reworked and economists scratch their collective heads wondering where this will all end up. The USD remains under the pump against all the undollars except the Australian while bond markets surge as
Momentum in Australia’s housing market has waned following the Reserve Bank of Australia’s (RBA) 0.25% interest rate cut in February. Last weekend’s combined capital city final auction clearance declined to 59.4%, down from 63.2% the prior week and 64.8% over the same week the previous year. The result was also the first time the final
TS Lombard with the note. Trump delivered on campaign promises applying a 54% (34% “reciprocal” and 20% fentanyl) tariff rate to imports from China. The move could impact 1.5-2ppt of China GDP in 2025. How does China respond? Strong fiscal, moderate monetary, passive retaliation–for now. We downgrade our growth forecast by 20bps to 4.5% (always
Last week’s federal budget revealed that the cost of the National Disability Insurance Scheme (NDIS) will reach $50.8 billion next financial year, exceeding the $51 billion allocated to the defence budget. The cost of the NDIS is also projected to reach $63 billion by mid-2029. The growth of the NDIS is the key driver behind