Thursday: Yields reverse after firm US retail sales
Global markets were volatile again overnight. Slightly stronger than expected US retail sales unleashed a bounce in US Treasury yields, but US stocks and the ‘risk’ currencies, the Aussie and Kiwi dollars, held their gains. In our bonus deep-dive interview, ANZ’s Senior Strategist in China ZhaoPeng Xing details the rise in the renminbi’s share of global currency and trade markets. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/