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On January 15th, the reporter learned from the 2025 Comprehensive Transportation Spring Festival Working Group that it is estimated that on January 15, 2025 (the second day of the Spring Festival, the sixteenth day of the twelfth lunar month), the cross-regional personnel flow in the whole society will be 166.3 million, of which the railway passenger volume will be 11 million, the road passenger flow will be 152.62 million (124.95 million non-commercial passenger car travel on highways and ordinary national and provincial roads, 27.67 million commercial road passenger volume), 500,000 water passenger volume, and 2.18 million civil aviation passenger volume.ECB Vice President Guindos: We need to carefully monitor financial stability risks, including those posed by the recent rise in sovereign yields in the United States, the United Kingdom and, to a relatively milder extent, the euro area.ECB Vice President Guindos: In the current turbulent economic environment, we observe increased vulnerabilities to financial stability.ECB Vice President Guindos: The euro areas banking system is very sound.On January 15, Sanjay Raja, chief UK economist at Deutsche Bank, said that the decline in UK inflation in December means that the Bank of England may have the courage to continue its easing cycle at the next meeting in February. The overall inflation rate fell to 2.5% from 2.6% in November. Most importantly for policymakers, the inflation rate in the service industry was much lower than the expected 4.4%. However, as increases in the minimum wage, national insurance taxes and energy prices push up inflation, price momentum may pick up from here. However, the jump in price momentum may be temporary, and price inflation is expected to normalize to a level more in line with the target next year.

NZD/USD Nears 0.6220 Amid a Weak U.S. Dollar, With New Zealand Inflation in Sight

Daniel Rogers

Apr 19, 2023 15:54

 NZD:USD.png

 

After defending the round-level support at 0.6200, the NZD/USD pair exhibited a lackluster performance during the Asian session. As the US Dollar Index (DXY) performs unfavorably, the Kiwi asset approaches the 0.6220 level of resistance.

 

S&P500 futures have extended their losses because investors are concerned about the future performance of stocks, indicating a cautious performance. US commercial institutions have displayed a mixed performance thus far. In the aftermath of March's turmoil and restrictive credit conditions, investors were initially apprehensive about the quarterly performance of banking stocks.

 

Following a substantial retracement, the US Dollar Index (DXY) continues to trade above 101.78. In spite of hawkish remarks from Federal Reserve (Fed) policymakers, the USD Index failed to exhibit a power-packed movement. As reported by Reuters, the president of the Federal Reserve Bank of St. Louis, James Bullard, advocated for the continuation of the central bank's policy tightening in view of the continued strength of labor market data.

 

In the second half of 2023, the probability of a recession decreases, according to Fed policymakers, as robust labor demand drives global consumption.

 

Thursday's quarterly inflation data is anticipated to affect the New Zealand Dollar. The New Zealand Consumer Price Index (CPI) accelerated to 2.0% from 1.4% in the first quarter of CY2023, according to the consensus. New Zealand's annual inflation rate has increased to 7.5% from 7.2%. As a result of the Reserve Bank of New Zealand's (RBNZ) decision to raise interest rates, households in the New Zealand economy are expected to bear a suffocating burden as a result of the country's rising inflation.

 

In addition, this suggests that RBNZ Governor Adrian Orr will continue to raise interest rates to combat inflation.


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