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  AUSTRALIAN INFLATION AND US DURABLE GOODS ORDERS DATA, AUD/USD HOLDS GROUND AT 0.6600. The Australian dollar (AUD) has shown some signs of recovery after hitting a fresh five-month low of 0.6614. However, the downside remains favored as the US Dollar Index (DXY) continues to show strength and negative market sentiment persists. Investors are worried about the interest rate guidance from the Federal Reserve (Fed), which has triggered a V-shaped recovery in the USD index from a weekly low of 101.20. The Fed is set to announce its monetary policy for May next week, with a 25 basis points (bps) interest rate hike expected. The street was earlier anticipating that the Fed would pause its quantitative tightening regime after this interest rate hike. The S&P500 settled Tuesday’s session on a bearish note, despite upbeat earnings from Microsoft and Google. Banking jitters renewed after First Republic Bank reported a sharp decline in customers’ deposits, requiring it to raise funds fo...

  WHAT DEVELOPING MARKET INVESTORS SHOULD BE ON THE LOOKOUT FOR IN 2023 It has been a rough 12 months for emerging markets that have seen more governments stumble into default, currencies suffer, and double-digit losses in stocks and bonds alike – though many investors are optimistic that 2023 could bring some relief. Below are the events, trends, and topics investors expect to shape the outlook for emerging markets next year. 1/ HIGH RATES, LOW GROWTH A slowing pace of interest rate hikes in the United States and other major economies could set the stage for an emerging markets recovery in 2023, with a softer dollar and falling inflation providing sought relief. Developing economies are expected to cling to their growth differential over developed peers. Still, recession fears in the United States, as well as Europe, are casting a pall over global markets generally – especially in the first half of the year. “The economic downturns along with the aggressive monetary tightening and...