EUR/USD 1.17900
-0.192%
Gold 3658.62
-0.034%
Oil 63.744
0.217%
USD/JPY 147.900
0.625%
GBP/USD 1.35873
-0.266%
GBP/JPY 200.962
0.370%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Qualcomm (QCOM.O) is expanding its collaboration with Adobe (ADBE.O) to use generative AI to accelerate the content creation process.Long-dated European bonds continued to fall, with German 30-year bond yields rising 6 basis points.On September 18th, US President Trump and British Prime Minister Starmer signed a US-UK technology cooperation agreement at Chequers. Trump said the move would strengthen the US-UK friendship. The British government stated that US tech companies investment in the UK could help create more than 5,000 jobs.Sources said Russia and Ukraine have exchanged remains of the victims, with Moscow returning 1,000 bodies to Kyiv and Ukraine handing over 24.On September 18th, TD Securities strategists wrote in a report that the slight decline in the British pound following the Bank of Englands decision to hold interest rates steady likely reflects the unchanged language of its forward guidance. The Bank of England reiterated that a "gradual and cautious" approach to future rate cuts remains appropriate, with subsequent decisions dependent on economic data. The strategists noted that this further reinforces the view that another Bank of England rate cut remains possible this year, with TD Securities predicting a November cut. They suggest that the British pound may decline against the euro ahead of the UKs Autumn Budget in November, but given that the Federal Reserve resumed rate cuts on Wednesday, further downside for the British pound against the US dollar is unlikely.

AUD/USD soars to almost 0.6400 on stronger-than-expected 7.3% Australian CPI

Alina Haynes

Oct 26, 2022 15:31

截屏2022-10-26 上午10.16.10.png

 

The AUD/USD pair increased to 0.6400 after the Australian Bureau of Statistics reported that the headline Consumer Price Index (CPI) for the third quarter of CY2022 was 7.3%, which was higher than the consensus expectation of 7.0% and the previous release of 6.1%. In addition, the quarterly inflation rate has matched the prior estimate of 1.8% and above predictions of 1.5%.

 

This may drive the Reserve Bank of Australia (RBA) to announce a higher rate hike in its upcoming monetary policy. The RBA raised the Official Cash Rate (OCR) by 25 basis points (bps) to 2.6% during its monetary policy meeting in October. Governor Philip Lowe of the RBA slowed the pace of rate hikes in October, after the central bank had projected a 50 basis point rate hike period. Now, a larger-than-expected rate hike will require the RBA to return to a rate hike cycle of 50 basis points.

 

The Aussie bulls displayed a significant increase on Tuesday and defended the pessimism generated by Chinese President Jinping. The extraordinary third term of Chinese President XI Jinping lowered investor enthusiasm for Chinese stocks and other linked assets. Because Jinping's ideology-driven policies are detrimental to China's economic prospects, Australia was punished for being China's most important trading partner.

 

In the interim, the US dollar index (DXY) is retracing and has surpassed the 111.00 mark. Following a three-day purchasing binge, the risk-on profile has taken a knock as S&P500 futures have experienced a dramatic plunge. This could be a correction in the S&P 500 index after a bigger advance.

Suggestion