The Economic Update – July 2015
Download The Economic Update – July 2015
Market Highlights – July 2015
- US economic indicators improved as consumer spending rebounded from earlier weakness.
- Bond yields rose as expectations solidified that the US Federal Reserve (Fed) would commence raising rates this year.
- Global shares fell on the back of rising yields and, later in the month, concerns over Greece.
- The Australian dollar (AUD) rose modestly against the US dollar (USD) but eased lower against other major currencies.