Financial Trading
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In hopes of combating Australia's inflation, the RBA has surprised the markets with a 25bps hike... With the first week of June being relatively thin on news, markets are currently getting ready for some important events in the upcoming weeks.
Sentiment remains negative across major markets, allowing the US dollar to continue to strengthen, whilst indices are being sold off. The new week is starting where the old one left off.
A quick agreement among Conservative MPs has allowed Rishi Sunak to become the latest UK Prime Minister. He comes with a fiscally prudent reputation which financial markets have welcomed. However, can it last?
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