EUR/USD 1.13694
-0.063%
Gold 4053.64
0.107%
Oil 88.544
-2.783%
USD/JPY 163.848
-0.004%
GBP/USD 1.33208
0.055%
GBP/JPY 218.264
0.066%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Domestic News: 1. my countrys digital industry revenue exceeded 39 trillion yuan in 2025. 2. VC prices surged over 40% in just over a month, with manufacturers limiting supply. 3. The State Flood Control and Drought Relief Headquarters activated a Level III emergency response for flood and typhoon prevention in Guangdong. 4. Liu Liehong visited Shanghai to investigate the market-oriented allocation reform of data elements. 5. Dalian pioneered interest subsidies for second-home provident fund loans; nearly 90 cities will issue housing subsidies this year. 6. The State Administration for Market Regulation penalized Ctrip Group for monopolistic practices; Ctrip announced 19 rectification measures. International News: 1. The US Starship spacecraft achieved some objectives during its 13th test flight. 2. Russia extended its gasoline export ban until the end of 2026. 3. South Korea reached a $950 billion cooperation agreement with a global tech giant. 4. Middle East Situation—① Iranian official: The Haoshan facility is "currently empty." ② Saudi Arabia confirmed that the multinational coalition is striking the Houthi rebels in Yemen. ③ After 13 consecutive nights of strikes against Iran, the US military has not announced any further airstrikes against Iran. ④ The US and UK plan to hold a meeting on the Strait of Hormuz issue and promote the formation of a Hormuz escort coalition. ⑤ The Houthi rebels claimed to have attacked Saudi Arabia twice in one day, targeting "sensitive targets" of Saudi Aramco in Jizan and Yanbu. ⑥ Qatars Ministry of Transport announced that all types of maritime transport and shipping activities will fully resume from July 26th.Two Brazilian sources say the United States plans to send an envoy to influence Brazil’s October presidential election.Qatars Ministry of Transport: Starting July 26, all types of maritime transport and ship navigation activities will fully resume.Interfax news agency quoted the Russian deputy prime minister as saying that the ban on Russian gasoline exports will be extended until the end of this year, and the ban will be lifted "after the market recovers".The Russian-appointed governor said the death toll from the attack on a holiday camp in the Russian-controlled Zaporizhia region of Ukraine has risen to 11, including four children.

As a result of hawkish RBA minutes, AUD/JPY surges to around 93.00

Alina Haynes

Feb 21, 2023 15:20

As the Reserve Bank of Australia's minutes revealed a hawkish stance, the AUD/JPY pair surged to near 93.00 during the Tokyo session (RBA). The RBA minutes make it plainly clear that higher interest rates are essential because robust consumer demand prevents the Australian inflation rate from decreasing from its peak.

 

According to the minutes, RBA members considered a 50 basis point (bps) increase in interest rates in light of the persistence of inflation. Members of the RBA also remarked that the unemployment rate is at its lowest point in the past fifty years and that the number of job opportunities is astronomically high, which is a source of happiness for consumers who are injecting surplus income into the economy.

 

Aside from this, the Australian economy benefited from improved trade terms and would benefit more from China's openness than a number of other countries. The Chinese government's relaxation of pandemic laws has expanded Australia's trading potential.

 

Philip Lowe, governor of the Reserve Bank of Australia, anticipates that the cash rate will climb to 3.75 percent over time, with headline inflation decreasing to 4.75 percent by the end of 2023 and returning to approximately 3 percent by the middle of 2025.

 

Previously, S&P Global reported upbeat preliminary Australian PMI (Feb) data. The Manufacturing PMI hit 50.1, above both the consensus forecast of 49.9 and the prior figure of 50.0. The Services PMI increased from 48.4 (estimated) and 48.8 to 49.2. (previously released).

 

About the Japanese Yen, Bank of Japan (BoJ) Governor Haruhiko Kuroda stated, "Due to labor demand and inflation, wage growth is predicted. The Japanese Yen has not notably reacted to the preliminary Jibun Bank PMI (Feb) statistics, which were mixed. The Services PMI has risen to 53.6, surpassing both the consensus expectation of 51.5 and the prior figure of 51.1. While the Manufacturing PMI has declined to 47.4 compared to expectations and the previous reading of 48.9, it remains above the 50-point threshold indicating expansion.


Suggestion