• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On April 4th, a source told CNBC that the U.S. Senate Banking Committee will hold a hearing on April 16th to consider Kevin Warshs nomination as Federal Reserve Chairman. Another criminal investigation surrounding the Fed is ongoing, examining whether current Chairman Jerome Powell made false statements to Congress regarding the expensive renovation of the Feds office buildings. Warshs nomination process is still progressing, potentially creating a conflict between the two parallel processes pushed by the Trump administration. Banking Committee member Thom Tillis has stated that he will not vote to confirm Warsh until the investigation is complete, meaning Trump cannot proceed with both processes simultaneously. However, by continuing to push forward with the hearings, Trump is clearly still trying to achieve this goal. The Senate Banking Committee has not yet included the hearings in its public schedule.According to CNBC, the U.S. Senate Banking Committee will hold a hearing on April 16 regarding the nomination of Kevin Warsh as chairman of the Federal Reserve.Jordan reported on April 4 that it has suffered 281 missile and drone attacks from Iran since the start of the conflict. The Jordanian Armed Forces stated that Iran has launched 161 missiles and 120 drones at the country since the conflict began. According to a statement released by Petra News Agency, the military claimed to have successfully intercepted all but 20 of the incoming targets. The statement added, "All Iranian attacks targeted key facilities and locations within Jordan and were not isolated incidents."On April 4th, the Greek government completed a new round of cabinet reshuffle, with three new officials, including the Minister of Agriculture Development and Food, being sworn in. This is the second reshuffle of the Greek government since the scandal of fraudulently obtaining EU agricultural subsidies broke last year. On April 3rd, the European Prosecutors Office submitted case materials to the Greek Parliament regarding the fraudulent receipt and misuse of EU agricultural subsidy funds, involving several Greek government officials and members of parliament. Several officials, including the Minister of Agriculture Development and Food, resigned, and the Greek government subsequently announced the reshuffle plan. Since last year, the scandal of fraudulently obtaining EU agricultural subsidies in Greece has continued to escalate. The EU prosecutors investigation shows that Greek officials are suspected of issuing EU funds to ineligible farmers through forged documents, with the amount involved potentially reaching hundreds of millions of euros. In June 2025, five senior Greek government officials, including then-Minister of Migration and Asylum Markis Volidis, resigned due to their alleged involvement in the case.On April 4th, the Iranian Islamic Revolutionary Guard Corps (IRGC) issued a statement announcing that its Navy and Aerospace Forces launched the 95th wave of Operation True Commitment 4 that morning. The statement indicated that a US HIMARS rocket artillery system on Bubiyan Island in Kuwait, a US Patriot missile system in northern Bahrain, a US Navy Mark missile launch array, a gathering place for senior US commanders and instructors in the Al Dafra region of the UAE, and a US Oracle company target in the UAE were all destroyed in the operation. An Israeli-owned merchant ship flying a third-country flag was also heavily attacked by the Iranian Navy in the port of Salman, Bahrain. Furthermore, Iranian missiles launched heavy strikes from multiple locations in Israel, including Bunnebula, Petah Tikwa, and Tel Aviv. This round of operations is still ongoing.

Australia welcomes "Freedom Day", and the Australian dollar rises to a new one-month high! Target or aim 0.74

Oct 26, 2021 11:01

On Monday (October 11), the Australian dollar rose to a one-month high against the backdrop of a surge in commodity prices. At the same time, the Australian dollar was also supported by the relaxation of restrictions on the epidemic in Australia’s most populous state of New South Wales.


Sydney reopens


Sydney’s cafes, gyms and restaurants welcomed fully vaccinated customers on Monday after being locked down for nearly four months, because Australia’s goal is to start coexisting with the coronavirus and gradually reopen with a high vaccination rate.

Dominic Perrottet, Governor of New South Wales (NSW), told reporters in the state capital of Sydney: "I think this is a day of freedom. This is a day of freedom. We are leading the country out of this. A pandemic, but it will be a challenge."

Perrottet warned that infections will increase after the reopening, and virus-free states such as Western Australia and Queensland are paying attention to the situation of the epidemic because of concerns that the health system may be overwhelmed.

Perrottet has announced the end of the New South Wales blockade and strongly supports the reopening of Sydney. Since the outbreak of the highly contagious Delta virus in mid-June, more than 5 million residents of Sydney have been severely restricted.

The epidemic has since spread to Melbourne and Canberra, forcing these cities to lock down, although the number of cases in New South Wales is declining.

As the scope of vaccination expands, Australia plans to gradually return to normal, allowing fully vaccinated residents to freely enter and leave the country from November. Australia closed its international borders in March 2020, helping to keep its coronavirus population at a relatively low level.

The outlook for the Australian dollar


OCBC Bank analysts believe that the Australian dollar against the US dollar may target 0.7400 after closing above 0.7300 last week.

"Australian Treasury bond yields underperformed U.S. bonds, providing the Australian dollar with some additional support in addition to risk sentiment," the analyst added.

In addition, Credit Suisse analysts predict that the downtrend line of approximately 0.7365 in 2021 will limit its rebound.

He said that the Australian dollar has broken through the resistance level 0.7312/17, which means that it will be revised upwards to the 2021 downward trend line 0.7365 in the short term. Since then, the support level was initially seen at 0.7291/87, below this level will confirm a fall to a lower level, and retest the 0.7179/70 low.

A break below the low of 0.7179/70 should clear the way for another test of the main support level of 0.7126/06 and extend it down to the 0.7053 and 0.6991 levels. A break below the latter marks a significant change in the trend towards a downward trend.

(Australian dollar against the dollar daily chart)

GMT+8 22:26, the Australian dollar was quoted at 0.7367 against the US dollar.