Australia’s durable growth, currencies that impact wheat

Australia’s economy, Aussie wheat prices may be running out of steam By Erik Norland, Senior Economist, CME Group Can Australia’s 28-year record-setting expansion continue? Fed’s 25-basis-point rate cut could help support Australian dollar Flexible AUD exchange rate, monetary easing helped country dodge a recession Australia has high household debt, a possible housing bubble A slowdown in … Read More

Trade war: Rising costs and possible recession?

Trade war: Rising costs and possible recession? By Blu Putnam, Chief Economist & Erik Norland, Senior Economist, CME Group Trade war to hurt corporate profits, growth and consumers New round of tariffs on Sept 1 will raise cost of trade war to $80 billion US, China likely to share cost equally; Chinese growth to slow … Read More

Research: Will new US tariffs unravel yuan?

Will new US tariffs unravel yuan? By Blu Putnam, Chief Economist, CME Group Highlights Chinese currency breaks key threshold of 7 yuan per USD amid new tariffs Pressure expected to mount on Fed to continue cutting interest rates Trade war has decelerated China’s economy, could weaken yuan further New US tariffs on China set to go … Read More

Gold’s rally and Ag options’ upside skew

What’s driving gold prices, Ag options’ upside skew By Blu Putnam, Chief Economist & Erik Norland, Senior Economist, CME Group Gold: Driven by Rates Gold has been marching higher since Fed’s pause in rate hikes A rate cut could add to gold’s momentum, but can it hit $1,600? Worsening of trade tensions could be supportive … Read More

Dollar reign over as Fed eyes rate cut?

Dollar reign over as Fed eyes rate cut? By Erik Norland, Senior Economist, CME Group Will a rate cut boost equities, defer any recession? Are Fed rate cuts during an economic expansion unprecedented? Fed cut rates in 1987 and 1998 when the economy was still growing The rate cuts came amid concern over distress in … Read More