Gridlock Rally Puts the Aussie Back on Its Feet What’s New Democrats take both houses of Congress. Investors priced in gridlock, the Dow jumped more than 3% and US yields and the dollar eased. Oil tumbles. Brent dropped to around US$94, its lowest since early September, on bets the Iran war is winding down. Eurozone
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Foreign exchange comes with its own vocabulary, and it’s easy to feel out of your depth if you’re new to international trade. This glossary breaks down the most common FX terms in plain English, so you can navigate conversations about currency and payments with confidence. Core Terms Foreign Exchange (FX) The process of converting one currency
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Risk Wobbles, the Aussie Holds 0.70 Into a Super Tuesday What’s New Tech selloff spreads: the Nasdaq fell 2.9% on Friday, its biggest drop since June and close to 10% below its October peak, after Intel plunged 29% and Amazon disappointed on spending and growth. The S&P 500 closed below its 100-day average for the
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Hot CPI, Hawkish Fed, Kiwi Shock: Aussie Breaks 0.7043 What’s New Aussie inflation runs hot: September CPI jumped 0.8% m/m to 4.3% y/y, above the 4.2% expected, with the trimmed mean at 0.3% m/m as forecast. Pricing for an RBA hike on Melbourne Cup Day, 3 November, has surged towards 90%. Fed holds, but two
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Your Weekly FX Market Update Report is Here AUD/USD opens the week at 0.7029 after a 1.0% gain took it back above 0.70. Why? A hawkish RBA: warnings that inflation is running hot have markets leaning towards a November hike, while the Fed is tipped to hold. Now the big test: Q3 CPI on Wednesday,
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CPI Day: Aussie Tests 0.7043, Then Waits for the Number What’s New Oil retreats a second day: Brent dropped back below US$110, down from near US$117.50 at Friday’s peak, after reports that Iran’s leadership met to weigh terms for ending the conflict, including security of the Strait of Hormuz. Record Aussie shorts: Bloomberg reports asset
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Of all the factors that influence currency markets, interest rates are among the most closely watched, and for good reason. Central bank interest rate decisions are one of the most consistent drivers of exchange rate movements, and understanding this relationship helps explain why currency markets react so strongly to central bank announcements. The Basic Relationship
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If your business buys from or sells to overseas partners, you’ve probably already encountered currency risk even if you haven’t called it that. Currency risk, sometimes called FX risk or exchange rate risk, is one of the most overlooked factors affecting the profitability of businesses trading internationally. So, What Is Currency Risk? Currency risk is
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