Tag: inflation outlook
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USD Drops as Australian PMI Looms and RBA Watches Inflation
USD Slips as Australian PMI Data and RBA Inflation Watch Drive Markets The U.S. dollar softened against major peers on Thursday, while the AUD/USD pair traded around 0.6440 as traders braced for the flash S&P Global PMI data for November. The market mood remained cautious as investors weighed the latest signs on inflation and monetary…
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Pocket relief for Australians as insurance premium cycle slows amid global sell-off
Australian insurers face a shifting premium landscape Australian investors woke on Friday to a sharp sell-off in the country’s biggest insurance companies, driven by a global reassessment of revenue growth. Analysts say the recent downturn mirrors a broader shift in the insurance sector as inflation cools and growth in net written premiums (NWP) slows. While…