US Investment Grade: The Oomph Factor
Another record was comprehensively broken, and the M&A funding tally got a major boost in an event-filled week for the US high-grade primary market. This August, with another week or so left, has already seen $123.279bln of supply, meaning the old August record of $114.837bln set way back in 2016 has now been decisively beaten.
The NZD Week: Extended Lockdown to Keep Rallies Contained
The Kiwi is under modest pressure in early week trade after NZ PM Ardern announced that Auckland's lockdown will be extended by four days to 30 Aug. Auckland accounts for nearly 40% of NZ's economy, and upside NZD potential is now limited as expectations for further RBNZ easing start to grow.
Belarus and Russia - Will The 2014 Ukraine Playbook be Used?
Since the Presidential election on August 9th, Belarus has been gripped by mass protests, triggered by a belief that the election was rigged in favour of the incumbent, longtime leader President Lukashenko.