NewsBite

Currencies

This Month

There’s a sovereignty risk: if stablecoin infrastructure in Australia becomes dominated by foreign-issued tokens operating on foreign-controlled digital rails, the Reserve Bank’s ability to manage liquidity and maintain financial stability could be compromised.

The digital currency quietly taking over the global financial system

In an era where economic statecraft increasingly involves payment systems and financial sanctions, control over monetary infrastructure carries geopolitical weight.

Viktor Shvets says investors are seeing what an America First world looks like.

Viktor Shvets’ big lesson for investors from the Israel-Iran conflict

The battle between the two Middle East nations shows we live in a world of rising volatility and risk. Shareholders keep ignoring both.

The AUKUS review is part of a bigger story about the way America interacts with the world.

Your super fund isn’t ready for the world’s biggest trade

The AUKUS review is more evidence Donald Trump is trying to rewire global trade and security. Big investors must rethink their US dollar exposure.

Rajiv Jain, chairman and chief investment officer of GQG Partners.

GQG’s Jain warns US stocks have hit an ‘inflection point’

Stockpicker Rajiv Jain told the Morgan Stanley Conference that Wall Street’s valuations are too high in an environment where earnings are hard to predict.

As chaos reigns in the US, Porcelli warns of creaking labour market

Tom Porcelli built up a loyal following as RBC’s chief economist. He’s returned to Australia with a $US1.4 trillion manager and a bleak outlook for America.

Advertisement
President Donald Trump’s efforts to reign in public spending has failed to convince investors.

How America’s debt ‘ticking time bomb’ could curb the RBA

Investors are demanding higher returns for government debt globally, at levels not see since the GFC. Strategists warn this could result in less aggressive rate cuts in Australia.

The protests in Los Angeles escalated over the weekend as the National Guard was called in.

How LA’s riots worsen ‘the biggest risk’ facing Australian super funds

Donald Trump’s immigration policy could create a shock to the US economy that would heap more pressure on the weakening US dollar. Aussies are uniquely exposed.

Zuercher, who is also co-head of global investment management for Asia-Pacific, pictured in Sydney this week.

Why this $6.5 trillion investor is betting big on the $A

UBS believes the Australia dollar is one of the best ways to play the decline of US exceptionalism and the loss of faith in the world’s reserve currency.

The Aussie has strengthened amid Donald Trump’s trade war.

US dollar slide threatens super fund returns

The rising Aussie against the greenback is forcing Australia’s biggest investors to increase protection of overseas assets.

The US dollar’s decline is just a mirage.

Why the end of the US dollar’s reign is just a mirage

Investors are navigating a subtle but meaningful pivot: the US dollar remains king, but the court is no longer as unified or deferential as before.

May

$A emerges as unlikely Trump turmoil safe haven

It isn’t just sentiment, with the Australian dollar’s share of global central bank currency reserves more than doubling, mostly over recent months.

Neale Bennett and other almond farmers have been making the most of the spike in Californian prices by charging a hefty premium of their own.

Australian farmers go nuts as almond prices hit 10-year high

Local growers are making the most of Donald Trump’s trade war by charging China huge premiums for the tree nut. A weak Australian dollar is also helping.

“The jitters with respect to the US budget suggest that the market is continuing to rethink the US exceptionalism trade,” said Jane Foley, a strategist in London for Rabobank.

US dollar extends 2025 losses on Trump’s latest tariff threats

The Bloomberg spot dollar index is approaching its lowest level since December 2023 as the US president revived concerns about global trade policy.

Bond markets are pricing in rapid rate cuts from the RBA

Traders bet on July rate cut and more to follow

Bond traders are pricing in a good chance the RBA will deliver more rate relief at its next policy meeting in July followed by two more by year-end. Not everyone agrees.

Reserve Bank Governor Michele Bullock said so far, so good after cutting the cash rate on Tuesday.

RBA’s Bullock shocks market with ‘jumbo’ rate talk

Bond yields and the Australian dollar dropped as traders ramped up rate cut bets after Michele Bullock surprised with a more dovish tone on interest rates.

Advertisement

RBA could throw a curveball. Here are its 3 options

Markets and economists are expecting a second rate cut from the Reserve Bank this year, but there is always the chance of a surprise.

RBA governor Michele Bullock is widely expected to lower the cash rate next week.

Market sticks with rate cut next week despite job surge

Investors temper their RBA bets after employment data smashes expectations, but they still see a strong chance of a move lower on May 20

The dollar is losing its lustre as the world’s reserve currency.

How the US lost its stranglehold on global reserve currency status

We may well be having an “economic moment” where the American dollar goes the way of the pound before it.

Donald Trump’s back and forth on tariffs has kept the market on its toes.

Rate cuts still on the way after US-China tariff pause

Traders now expect ‘just’ three rate cuts in Australia after the US-China trade deal, but investors are still worried about the health of the global economy.

The United States wants to reduce its large trade deficit with China.

Risk assets rally as US-China trade deal exceeds fundies’ expectations

Investors and markets have cheered the major progress in a trade deal that will have Beijing and Washington temporarily easing tariff levels for at least 90 days.

Original URL: https://www.afr.com/topic/currencies-5w5