EUR/USD 1.16686
0.046%
Gold 4633.96
-0.381%
Oil 81.914
-3.119%
USD/JPY 159.261
0.106%
GBP/USD 1.36429
0.092%
GBP/JPY 217.283
0.207%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
August 25 - According to the Japan Meteorological Agency, a magnitude 4.8 earthquake struck off the southeast coast of the Nemuro Peninsula in Hokkaido, Japan, at approximately 18:07 local time on August 25. The maximum intensity was 3, and the epicenter was at a depth of 80 kilometers. There is no risk of a tsunami.According to Business Insider, Anthropic employees may switch to remote work due to strike plans.According to Politico: U.S. Trade Representative Greer has been invited to attend the EU trade conference in October.According to a Hong Kong Stock Exchange filing, Standard Chartered Bank repurchased a total of 377,391 shares on other exchanges on August 24, at a cost of £8.2 million.On August 25th, according to Iranian media reports, Brigadier General Jahanshahi, commander of the Iranian Army Ground Forces, stated during an inspection of the northeastern border region of Iran that the Army Ground Forces are currently at the highest level of combat readiness. Jahanshahi stated that the Army Ground Forces have been equipped with new weapons and equipment and have developed specific operational plans to deal with any threats. He stated, "We will never allow any enemy to endanger the safety of border residents and the Iranian people." Jahanshahi said that in the event of any border crossing or aggression, any positions or bases belonging to the party threatening Irans security will be within range of the Army Ground Forces drones and artillery. He emphasized that the Iranian Armed Forces response to any threat will be "swift, precise, and decisive." Jahanshahi stated that the Iranian border is the "red line" for the Armed Forces. Any cross-border action or act of aggression against Irans sacred territory will be met with "a response stronger than ever before."

AUD/USD falls to approximately 0.67 as a result of less hawkish RBA minutes

Daniel Rogers

Mar 21, 2023 14:05

 AUD:USD.png

 

As a result of the publication of minutes from the Reserve Bank of Australia (RBA) that were less hawkish, the AUD/USD pair has declined to near 0.6705. Given that inflation was still too high, the labor market was constrained, and business surveys indicated robust activity, the Board reaffirmed that additional policy tightening would likely be required. The RBA policymakers viewed a 25 basis point (bps) rate increase as the only viable option for March's monetary policy.

 

Investors should be aware that RBA Governor Philip Lowe raised the Official Cash Rate by 25 basis points to 3.60 percent for the fifth consecutive time. In addition, it was the RBA's eleventh consecutive increase in interest rates to combat persistent inflation.

 

Recent optimistic Australian employment data indicate that the fight against persistent inflation is extremely complicated and that RBA policymakers are still required to make challenging decisions in times of inflation uncertainty and global banking collapse concerns.

 

In the Asian session, S&P500 futures have extended Monday's gains as investors disregard concerns over the Federal Reserve's (Fed) impending monetary policy, indicating a further improvement in market participants' risk appetite.

 

The US Dollar Index (DXY) has remained relatively stable around 103.30 as investors anticipate a less hawkish monetary policy and interest rate guidance. Fed Chair Jerome Powell is required to restore investor confidence following the failure of three midsize commercial banks in the United States. This could be accomplished through minor adjustments to interest rate policy.

 

In the interim, the demand for U.S. government bonds has weakened further as inflation expectations have risen as a result of the collaborative effort of various central banks to support commercial banks by providing liquidity assistance in the form of US dollars. This has led to higher yields on US Treasury bonds. The yield on the 10-year Treasury note has risen to 3.5%.


Suggestion