BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
In March, the AUD has hit its highest level vs the USD since July 3rd 2015 (0.7648), and on the day bid near 8-month highs of 0.7583. The Aussie is also at its best level against the pound since April 2015.
If the surge continues the Reserve Bank of Australia which has been relying on a low Australian dollar to help non-mining exporters compete, might come under pressure to cut interest rates to less than the current 2 per cent.
Australian manufacturers are getting nervous that the resurgent AUD could put them at a disadvantage to cheaper rivals, denting a recent growth streak. Manufacturing Australia chairman and former Adelaide Brighton chief executive Mark Chellew said the concern would be if a higher AUD was sustained.
