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On March 15, in response to the illegal activities involving market supervision, such as "bleached chicken feet" and "height-increasing marketing tactics" exposed by CCTVs "3.15" Gala, the State Administration for Market Regulation quickly activated its emergency response mechanism and deployed enforcement actions. The results of the investigations will be released to the public in a timely manner.U.S. Interior Secretary Bergham: At an energy security forum in Tokyo, Asia-Pacific allies agreed to $56 billion in deals with U.S. companies. Japan wants to buy more oil from the U.S.On March 15th, according to the Chongqing Municipal Administration for Market Regulation, a Chongqing company was exposed by CCTVs "3.15" Gala for illegally using hydrogen peroxide in the production and processing of chicken feet. After the State Administration for Market Regulations working group transferred the case to the Chongqing Municipal Administration for Market Regulation, enforcement personnel from the municipal and district-level market regulation bureaus have been stationed at the company to conduct a thorough investigation. Currently, an investigation has been launched into the companys suspected illegal activities, the products involved have been seized, and the company has been urged to voluntarily recall the affected products. The Chongqing Municipal Administration for Market Regulation will work with relevant departments to investigate and punish the companys illegal activities according to law, and will also draw lessons from this case to carry out comprehensive governance of prominent food safety issues throughout the city, focusing on rectifying problems such as the use of food additives beyond the permitted scope and limits, further strengthening enterprises primary responsibility for food safety, standardizing the production and operation behavior of employees, and effectively safeguarding the publics "safety on the tip of their tongues."March 15th - At 21:22 Beijing time on March 15, 2026, my country successfully launched the Yaogan-50 02 satellite into its predetermined orbit using a Long March-6A carrier rocket from the Taiyuan Satellite Launch Center. The launch mission was a complete success. This satellite will primarily be used for national land surveys, crop yield estimation, and disaster prevention and mitigation. This mission marked the 633rd flight of the Long March series of carrier rockets.Local authorities say the fire at an oil facility in Russia’s Krasnodar Krai has been extinguished.

AUD/USD Falls Toward 0.7000 as Weak China Data Increases RBA and Fed Concerns

Daniel Rogers

Feb 01, 2023 15:36

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AUD/USD accepts offers to re-establish intraday low at 0.7040 as market nervousness deepens ahead of Wednesday morning's critical Fed announcement. The Chinese activity statistics provided by the industry group may support the retreat moves.

 

However, China's Caixin Manufacturing PMI rose from 49.0 to 49.2, falling shy of market estimates of 49.5. Additionally, the sixth consecutive month of readings below 50 reinforces the negative outlook on Australia's largest consumer.

 

The head of the RBA's Economic Analysis Department, Marion Kohler, stated elsewhere that the bank expects inflation to peak in the fourth quarter of 2022. In contrast, the Wall Street Journal's James Glynn projected that the RBA will deliver a series of rate hikes and retain its aggressive stance at the monetary policy meeting next week.

 

Despite fading inflation fears and persistent recession worries, traders are preparing for today's critical Federal Open Market Committee (FOMC) monetary policy meeting. Despite recent poor inflation numbers, Fed Chair Jerome Powell's hawkish approach and readiness to defend quick rate hikes make today's Fed meeting intriguing.

 

In this scenario, S&P 500 Futures register moderate losses, while US Treasury bond yields remain sluggish and arrest their slide from yesterday. The US Dollar Index (DXY) receives bids near 102.15 in an attempt to recoup Tuesday's losses.


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