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The Cyberspace Administration of China is soliciting public opinions on the "Regulations on Promoting and Standardizing the Application of Electronic Documents (Draft for Comments)".On September 13th, Trump released a letter to all NATO nations and the world. He stated, "I am ready to impose significant sanctions on Russia when all NATO nations agree and begin taking the same actions, and all NATO nations stop buying Russian oil." As you know, NATOs commitment to "winning this war" is far from 100%, yet some countries are still buying Russian oil, which is truly shocking! This significantly weakens their negotiating position and leverage with Russia. This is not Trumps war (if I were president, this war would never have happened!), but Biden and Zelenskys war. My sole purpose is to help end this war and save tens of thousands of Russian and Ukrainian lives. If NATO does what I say, this war will end quickly, and all these lives will be saved!On September 13, Russian Permanent Representative to the United Nations Vasily Nebenzya revealed on the 12th that Poland acknowledged that a drone that recently entered Polish airspace may have originated from Ukrainian territory, stating that it was no secret that Ukraine "has been attempting to expand the geographical scope of the Russia-Ukraine conflict." This statement further complicates the Polish version of the Russian drones entry into Polish airspace. Several European and American experts, scholars, and politicians speculated that there may be a hidden story behind this incident.Russia shot down 340 Ukrainian drones in the past day.The Russian Ministry of Defense stated that Russian forces have taken control of Novonikolaevka in eastern Ukraine. Russian forces attacked control points, launch sites, and storage areas for long-range drones in Ukrainian territory.

As Australian Retail Sales Continue To Underperform Expectations, AUD/JPY Corrects To Near 87.20

Alina Haynes

Mar 28, 2023 15:36

AUD:JPY.png 

 

The AUD/JPY pair has declined to near 87.20 as a consequence of weaker Retail Sales data from the Australian Bureau of Statistics. The increase in economic data was 0.2%, which was less than the consensus estimate of 0.4% and the previous release of 1.9%. A weaker-than-anticipated retail demand suggests that households are unable to compensate for the impact of inflated products with their present purchasing power.

 

The headline may suggest weakening retail demand, but the Reserve Bank of Australia (RBA), which is working to restrict elevated inflation, is ecstatic.

 

This week, the Australian Dollar is expected to remain in focus prior to the release of the monthly Consumer Price Index (CPI) (Feb) data on Wednesday. According to projections, the inflation rate will decline from 7.4% to 7.1%.

 

There is evidence that Australia's inflation rate has begun to decline, as stated by the RBA's policymakers. As the present monetary policy is already sufficiently restrictive to control persistent inflation, the RBA could conclude its policy-tightening process at the April monetary meeting.

 

In addition, the National Bureau of Statistics' (NBS) Manufacturing PMI for China will be the most influential factor for the Australian Dollar. China's economy is now focused on the road to economic recovery, following the elimination of pandemic controls. Consequently, a respectable performance is anticipated within the manufacturing industry. Australia is China's most important trading partner, and an increase in the Chinese PMI will also boost the Australian Dollar.

 

Haruhiko Kuroda, the former governor of the Bank of Japan (BoJ), will continue to be the center of attention in Tokyo. BoJ Kuroda may reaffirm the continuation of ultra-loose monetary policy to stimulate earnings and the economy's overall demand.


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