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06 Aug 2025

US economic worries & the USD

• Upbeat tone. US equities have rebounded over recent days, while bond yields & the USD lost ground. AUD & NZD have edged a little higher.• US macro. A run of weak US data has boosted Fed rate cut expectations. US CPI inflation & retail sales are a couple of important releases out next week.• Data flow. China trade data due today. Bank of England expected to cut rates. Next week RBA looks set to lower rates after holding steady in July. Global Trends Questions about the health of the US economy, an adjustment in interest rate views, and a...

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