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September 7th - Australian data center operator AirTrunk Operating Pty stated that due to increasing pressure from US tech giants facing domestic resistance, they are attracted by Australias green power grid and geographical advantages of proximity to Asia, and are therefore interested in building data centers in Australia. Sabu Whitelow, the companys Vice President of Energy and Utilities, said that over the past six to eight months, interest from companies including Google, Apple, Meta, Amazon, and Microsoft in Australia has far exceeded expectations. In an interview, she stated, "Australia has political stability, abundant renewable energy, ample land resources," and is close to major Asian population centers. "We expect this demand to translate into tangible commitments and investments in the coming months and years."French Finance Minister Lescourt: Without a budget, interest rates would rise significantly.On September 7th, Hong Kong Financial Secretary Paul Chan Mo-po, in his opening remarks at the "Co-creation and Co-investment Industry Acceleration Summit" organized by the Hong Kong Science and Technology Parks Corporation, stated that Hong Kongs exports of electronic products and semiconductors are experiencing strong growth, and the capital market has a strong demand for the listing of artificial intelligence companies. Hong Kong, as an international financial center, attracts global talent and is a rapidly rising innovation hub, creating a complementary relationship with cities in the Greater Bay Area. The Greater Bay Area cities possess strong capabilities in advanced manufacturing, commercialization, and scale; according to data from the World Intellectual Property Organization, "Shenzhen-Hong Kong-Guangzhou" is a leading global innovation cluster. He mentioned that the organization will release its new years rankings tomorrow, and he expressed his firm confidence and eager anticipation.On September 7th, according to Qichacha APP, Suanmiao Technology (Beijing) Co., Ltd. recently underwent industrial and commercial registration changes, adding Beijing Artificial Intelligence Industry Investment Fund (Limited Partnership) and others as shareholders, while its registered capital increased to 1.3496 million yuan. Qichacha information shows that the company was established in 2022, and its business scope includes: integrated circuit sales; integrated circuit chip design and services; integrated circuit chip and product manufacturing; and integrated circuit chip and product sales. Public information indicates that the company is a 3D computing chip developer.Germanys seasonally adjusted industrial production month-on-month rate for July and the UKs seasonally adjusted Halifax house price index month-on-month rate for August will be released in ten minutes.

NZD/USD retests three-month lows below 0.6150 as US consumer spending bolsters hawkish Fed wagers

Daniel Rogers

Feb 27, 2023 14:39

 NZD:USD.png

 

During the Asian trading session, the NZD/USD retested its three-month trough below 0.6148. The kiwi asset has been dumped by market participants amid weak New Zealand Retail Sales data and increasing stakes for the Federal Reserve's policy tightening to continue (Fed).

 

The term "ecosystem" refers to a group of people who work in the construction industry. S&P500 futures have shown some recovery on Monday morning after reporting significant losses last week, reflecting a caution in the overall theme of risk aversion. The likelihood that the Federal Reserve will announce additional rate hikes to combat persistent inflation has increased, which has had a detrimental effect on U.S. stocks.

 

The demand for U.S. government bonds has decreased due to the Federal Reserve's increased support for additional policy restrictions. The 10-year US Treasury yield has risen above 3.94% as a result of a decline in bond demand.

 

Despite the dovish People's Bank of China (PBOC) report, the New Zealand Dollar has struggled to gain ground. The report predicts a revival in the Chinese economy in 2023 as a result of a relaxation in epidemic prevention and an increase in consumption. The PBoC's vision extends beyond the expansion of domestic demand to include economic growth and price stability over the extended term.

 

Notably, New Zealand is one of China's primary trading partners, and an expansionary monetary policy from the People's Bank of China will strengthen the New Zealand Dollar.