RBA expected to hike interest rate for third straight meeting

RBA expected to hike interest rate for third straight meeting

The Reserve Bank of Australia (RBA) is having a monetary policy meeting this week and will deliver its decision on Tuesday. Market participants expect the Board to deliver a 25 basis points (bps) interest rate hike, the third consecutive one. If markets are right, the Official Cash Rate (OCR) will then reach 4.35% from the […]

Blocking rule reshapes risk calculus – MUFG

Blocking rule reshapes risk calculus – MUFG

MUFG’s Michael Wan flags a significant shift as China formally invokes its 2021 Blocking Statute for the first time, targeting recent US sanctions on five Chinese refineries linked to Iranian Oil. He argues this alters secondary sanctions transmission, increases legal risk for third parties, and reflects China’s growing resilience and diversification away from the US […]

EUR/USD slides as Middle East tensions and Fed hike bets boost US Dollar

EUR/USD slides as Middle East tensions and Fed hike bets boost US Dollar

The Euro (EUR) trades on the back foot against the US Dollar (USD) on Monday as reports of renewed attacks in the Middle East lift the Greenback. At the time of writing, EUR/USD is trading around 1.1690, down about 0.25% on the day. Meanwhile, the US Dollar Index (DXY), which tracks the Greenback’s value against […]