US stocks rally on easing fears of a US recession. The Aussie dollar jumps after Governor Michele Bullock says the RBA won’t hesitate to hike and thought about hiking earlier this week. The Reserve Bank of India holds rates hawkishly. New Zealand inflation expectations drop.

In our bonus deep dive interview, ANZ Economist Dhiraj Nim explains why India’s success in reaching a sustainable current account deficit is masking much needed under-investment.

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