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This Month

Academics debate bitcoin as ‘environmental calamity’

New academic studies stoke the debate around bitcoin’s true energy costs and carbon footprint as energy bills rocket five-fold or more in Europe.

  • Tom Richardson

September

Australian dollar’s pain could be short-lived

Investors are piling into the US dollar. But if this dynamic changes quickly, the Australian dollar could be trading at US75¢ by Christmas, one forecaster says.

  • Cecile Lefort

How forex markets made an idiot of Truss

The pound will rebound once inflation is under control. It is very hard to say the same thing about Trussonomics.

  • Jim O'Neill

Yuan at 2008 low fuels speculation monetary easing to slow

The Chinese yuan’s slump to the lowest since 2008 has fuelled speculation China’s central bank will slow the pace of monetary easing to avoid further pressure on the currency.

  • Bloomberg News

US dollar ‘wrecking ball’ bears down on Australian dollar

The Australian dollar fell to a fresh 2½ year low of US63.65¢ on Wednesday. The US 10-year Treasury rate shot past 4 per cent for the first time since 2010.

  • Vesna Poljak
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RBC joins call for another 0.5pc RBA rate rise

RBC has lifted its cash rate forecast for next month, predicting a 0.5 percentage point increase from the RBA as part of a global wave of central bank tightening.

  • Cecile Lefort

‘Crisis’ is coming for the stronger US dollar

The US dollar strength has triggered extraordinary outflows from sharemarkets in Asia and will provide headwinds to earnings in the United States.

  • Updated
  • Tony Boyd

Disgraced crypto king is ‘not on the run’ – but no one can find him

Terraform Labs co-founder Do Kwon faces charges over a $92.5 billion cryptocurrency wipeout that has intensified regulatory scrutiny of digital assets.

  • Steven Zeitchik

US dollar’s surge should force Fed ‘to pivot’: Cathie Wood

The US central bank has adopted a “sledgehammer” in its effort to combat inflation and the potential cost.

  • Timothy Moore

China steps up yuan support as currency nears weakest since 2008

The PBOC set the yuan fixing weaker than 7 per dollar on Monday for the first time since 2020. The yuan’s weakness may push it to delay any further monetary policy easing.

  • Bloomberg News

Sterling collapses as investors lose faith

Sterling plunged to a record low on Monday as investors rushed to the safety of the US dollar on worries Britain, and other economies, will tip into recession.

  • Cecile Lefort

Larry Summers warns pound may tumble below $US1 on ‘naive’ UK policies

The UK is behaving ‘a bit like an emerging market turning itself into a submerging market’, the former US Treasury Secretary said.

  • Updated
  • Christopher Anstey

Solid jobs report supports case for RBA to keep up rates pace

Interbank futures are fully priced for a 0.25 percentage point increase in the RBA cash rate next month and imply a 50/50 chance of a 0.5 percentage point move.

  • Cecile Lefort

Dollar pain spreads from emerging to developed economies

Fuelled by the Federal Reserve’s aggressive tightening, the stronger greenback is pushing rival currencies lower, driving up inflation and the cost of imported goods.

  • Enda Curran and Garfield Reynolds

China takes more visible measures to slow currency’s descent

On Tuesday, China made its most substantial moves yet to stabilise a weakening yuan.

  • Bloomberg News
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Commodity boom outruns Australian dollar

The commodity boom has lifted the profits of resource companies, but the Australian dollar remains under pressure, challenging the relationship between the two.

  • Emma Rapaport

Euro slides to lowest in two decades as Russia shuts off gas

There are growing expectations for the European Central Bank to raise rates by 75 basis points on Thursday as the euro sinks.

  • Updated
  • Abhinav Ramnarayan

Ethereum merge tests crypto traders’ nerves

Traders are bracing for one of the crypto market’s biggest events in years as the long-awaited Ethereum merge nears.

  • Emma Rapaport

August

China, recession worries hammer the Australian dollar

The Australian dollar is set to end the month sharply lower as investors worried that aggressive and rapid interest rate increases will bring on global recession.  

  • Cecile Lefort

Ethereum’s plunge protection squad can’t fight the Fed

Crypto promoters won’t want to admit their universe is the Fed’s hostage and tied to the US dollar as that kind of defeats the whole purpose of the asset class. But the price action suggests exactly that.

  • Tom Richardson