EUR/USD 1.16141
-0.097%
Gold 4434.77
-0.854%
Oil 89.430
-0.234%
USD/JPY 156.234
0.280%
GBP/USD 1.35183
-0.046%
GBP/JPY 211.206
0.242%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On September 6, Russian Presidential Aide Ushakov said early on the 6th that President Putins meeting with US President Trumps special envoy Witkov and son-in-law Jared Kushner at the Kremlin on the evening of the 5th lasted more than three hours and was substantive and "constructive." Ushakov said that the Russian side made a clear and comprehensive assessment of the current situation, including the situation developing during the special military operation. In particular, the Russian side pointed out the actual progress made by the Russian army in the theater of operations and expressed confidence in achieving its established objectives, while also emphasizing the necessity of eliminating all the root causes of the conflict. Ushakov stated that Russia reiterated its willingness to continue working with the US to seek a solution through political and diplomatic means. Both sides confirmed that the two presidents will continue to maintain direct contact.Russian Presidential Aide Ushakov: Putin is prepared to cooperate with the United States to seek a diplomatic solution to the Russia-Ukraine issue.September 6 - According to the Islamic Republic News Agency (IRNA), the public relations department of the Iranian Islamic Revolutionary Guard Corps issued a statement on September 5 denying that the Isfahan nuclear technology center and nuclear facilities had been attacked, calling the related reports purely fabricated. The statement said that spreading such content during the current sensitive situation is an attempt by hostile forces to create tension, disrupt public opinion, and incite public panic.September 6 - According to Irans Fars News Agency, a deputy political official of the Iranian Revolutionary Guard Navy stated that in the 10 days leading up to August 30, Iranian naval forces were "punishing" two to five "violations" of regulations every night in the Strait of Hormuz. The official added that the US attacks "did not cause the slightest disruption to Irans control in the region."On September 6th, Israeli public radio reported on the 5th that the Israeli military is preparing to partially withdraw from southern Lebanon and plans to establish a smaller "safe zone" along the Lebanese-Israeli border. The report stated that the Israeli military recently completed the destruction of Hezbollah tunnels beneath the Ali Tahir heights in the Nabatayah region of southern Lebanon, subsequently formulating the aforementioned relocation plan. Israeli security officials said that under the new plan, the Israeli military will withdraw to a position closer to the Lebanese-Israeli border, reducing the depth of its controlled area in southern Lebanon from the current approximately 10 kilometers to 3-4 kilometers. The new deployment line, referred to as the "grey line," will replace the current "yellow line."

Prior to the release of US inflation statistics, the NZD/USD records a three-day increase near to 0.6150

Daniel Rogers

Sep 13, 2022 11:00

 截屏2022-09-13 上午9.47.21.png

 

Despite the current sideways grind, NZD/USD bulls remain in control around mid-0.6100s as markets await Tuesday's critical US inflation data. It is noteworthy that the recent improvement in New Zealand sentiment and statistics, along with lowered US inflation expectations, have put pressure on the NZD/USD exchange rate.

 

While the Food Price Index outperformed market forecasts by 0.6% to reach 1.1% over the same month, compared to 2.1% in July, the New Zealand REINZ House Price Index improved to -1.3% MoM in August from -1.4% in July.

 

Consumers in the US predicted inflation to be 5.75 percent over the next 12 months in August, down from 6.2% in July and the lowest since October 2021, according to the New York Fed's monthly consumer expectations survey data released on Monday. According to new figures from Reuters, inflation expectations for the next three years averaged 2.8% in August as opposed to 3.2% in July.

 

Reports on Monday that Ukraine is making progress in driving the Russian troops out of some of its territory seems to have strengthened the market's circumspect optimism while also arousing worries about Russia's severe retaliation, which benefited the NZD/USD bulls. It's possible that big economies like China, the United States, the United Kingdom, and Europe will provide extra stimulus in a similar manner. The most recent Wall Street Journal (WSJ) report showing that US gas prices had decreased for the twelfth consecutive week also reduced market pressure and increased the price of gold.

 

The recent Financial Times (FT) stories revealing divergent viewpoints over US President Joe Biden's chip strategy that challenges China, on the other hand, seem to test the NZD/USD buyers. The cautious attitude also seems to be influenced by Chinese President Xi Jinping's determination to restore Beijing's authority on his first international trip after covid-led lockdowns, as this might heighten US-China relations.

 

The higher closing price on Wall Street, which ignored the favorable US Treasury yields, indicates that the risk-on attitude in this situation weighed on the US Dollar Index. It should be noted that recent increases in US Treasury rates have reversed, but small gains have been seen in S&P 500 Futures as of the time of publication.

 

Traders of the NZD/USD pair will be closely watching China's return after the extended weekend. The US CPI for August, however, will be the topic of most discussion. The forecasts show that the headline number will fall from 0.0% to -0.1% MoM while the CPI excluding food and energy is predicted to be stable at 0.3% MoM. The NZD/USD pair may continue to rise if inflation numbers are less than forecast.


Suggestion