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Investment Strategy Bulletin ꟾ June 23, 2025
US Treasuries opened slightly lower than last Friday despite weaker economic data and developments in the middle east. Gold continues to see potential benefits as a risk hedge. Equities remain resilient despite persistent headline risks.
Weekly FX Focus ꟾ 19th June 2025
Even before the global trade war, Australia’s domestic outlook was already weak with its GDP data showing weaker-than-consensus real activity growth. However, the stars seem to be aligning for the Aussie as the USD faces headwinds, and that RMB, being highly correlated with AUD is favorably positioned to benefit from de-escalations in US – China trade tensions.
CIO Strategy | 23rd June 2025
During the call, Stephen Hadley, Former U.S. National Security Advisor, joined us to discuss the recent developments in the Middle East. The call was moderated by Candi Wolff, Global Head of Government Affairs at Citi.
FX Perspectives | June 6th, 2025
Several headwinds continue to drive the medium-term negative sentiment in USD. Last week, the tariff whiplash added another to the list.
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Investment Lab
When markets become volatile, it can be tempting to try to ‘time the market’ or wait for a clear recovery. However, history shows that investing in this manner can lead to long-term underperformance compared to a strategy of remaining invested.
Middle East Strategy ꟾ May 2025
After years of restraint, OPEC+ is hiking production. The group announced it will raise oil output by 411k barrels per day (b/d) in June, similar to its April increase. Markets had expected just 140k b/d. OPEC+ also says it will speed up the return to market of 2.2 million barrels per day that it had withdrawn in recent years, with the potential to pause or reverse the decision.
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