Daily Reports

  • Daily Report 14 August 2020

    August 14, 2020

    Fears over a lower scale of policy support sent stock markets lower overnight, as US initial jobless claims fell below one million for the first time since mid-March.

    The Australian dollar depreciated on a deterioration in the global market sentiment.

    Yesterday, the RBA bought another A$2.0B of Commonwealth government bonds maturing in 2023 and 2024.

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  • Daily Report 13 August 2020

    August 13, 2020

    Global market sentiment turned positive overnight. The S&P surpassed its all-time closing high during the trading day, before closing just 0.2% below this record level.

    The US dollar depreciated, pushing the AUD/USD slightly up.

    Australian long-term Commonwealth bond yields tracked their US equivalents higher, while 3-year yields fell back towards the RBA target. Yesterday, the RBA bought A$2.0B of Commonwealth bonds.

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  • Daily Report 12 August 2020

    August 12, 2020

    US stock market closed lower after a late sell-off overnight.

    The Australian dollar is slightly down against the US dollar and little changed against the euro.

    Australian government bond yields picked up, albeit less than their US equivalents.

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  • Daily Report 11 August 2020

    August 11, 2020

    The S&P 500 and the Dow Jones picked up in a relatively quiet US session overnight.

    The Australian dollar depreciated against the US dollar and edged up versus the euro. Government bond yields were stable both in the US and Australia.

    Yesterday, the RBA bought A$1B worth of Commonwealth bonds maturing in 2023 and 2024.

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  • Daily Report 10 August 2020

    August 10, 2020

    A late rally on the US stock market on Friday saw the S&P 500 and Dow Jones close the day in positive territory.

    Australian long-term government bond yields increased, though less than their US equivalents.

    The Australian dollar depreciated.

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  • Daily Report 7 August 2020

    August 7, 2020

    The US stock market continued to rise overnight on ongoing hopes for fiscal stimulus.

    The Australian dollar appreciated on better global market sentiment. Australian 10-year government bond yields declined somewhat, while 3-year yields were little changed and slightly lower than over past weeks.

    Yesterday, the RBA bought A$500M worth of Commonwealth bonds maturing in 2-4 years.

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