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The Ukrainian Air Force said it had successfully shot down 60 drones launched by Russia at night.On January 12, local time, on the morning of the 12th, the Israeli Defense Forces issued an evacuation order to Palestinian civilians in the Nusayret area in the central Gaza Strip. Avihai Adrei, the Arabic spokesman of the Israeli army, posted a map of the areas that needed to be evacuated on his social media, saying that this was a warning before the Israeli army launched an attack. He said that Palestinian armed groups once again fired rockets from this specific area, and the Israeli army had previously issued multiple warnings to the area. Adrei asked civilians in this area to evacuate to the "humanitarian zone" designated by the Israeli army.According to Ukraines Pravda: Russia lost 1,750 soldiers and 5 tanks in the past 24 hours.On January 12, according to a notice issued by the Russian Ministry of Emergency Situations on the evening of January 11, local time, staff continued to clean up pollutants from the leak of the "Volga 239" tanker in the Krasnodar Territory. The notice stated that a large amount of contaminated sand and soil was cleaned up in the local coastal Anapa and Temryuk regions. In addition, there were 18 ground teams monitoring the situation. The situation on the water was monitored by small boats. On the 11th and 10th, according to the news released by the Russian Ministry of Emergency Situations and the Ministry of Transport, pollutants from the distressed tanker "Volga 239" were found in the coastal areas near the Kerch Strait in the Black Sea, with a total contaminated area of about 2,800 square meters.According to the Islamic Republic News Agency of Iran on the 11th, the Islamic Revolutionary Guard Corps of Iran announced an underground missile facility.

The AUD/USD is hovering around 0.7500 ahead of the US NFP and Caixin Manufacturing PMI

Drake Hampton

Apr 01, 2022 10:07

Tips

  • As investors anticipate the next set of US data, the AUD/USD is hanging around 0.7500.

  • The Caixin manufacturing PMI is expected to keep the Aussie bulls at bay.

  • Despite rising commodity prices, the Australian dollar has been a standout performer.

 

The AUD/USD pair has been trading in a band of 0.7456-0.7537 for the whole week as investors await the publication of US Nonfarm Payrolls and Caixin Manufacturing Purchase Managers Index (PMI) data.

 

The Caixin China Manufacturing PMI preliminary estimate is 49.7 points lower than the previous print of 50.4. Australia, being a big exporter to China, has a favorable association with the data provided above. Following Russia's invasion of Ukraine, the Australian dollar has maintained a top performer in the forex market. Rising commodity prices have supported the antipodean against major currencies. Even a cease-fire between Russia and Ukraine will increase the drive aussie, as Europe's goal of independence from Russian oil will alter its reliance on the commodity-exporting currency for energy.

 

The US dollar index (DXY) has risen above 98.40 on gloomy market mood, as global equities fade amid dwindling hope about Russia-Ukraine peace talks. After being a value bet for market players, the DXY has sensed a sheer response buying near 97.70. Despite a slightly lower Core Personal Consumption Expenditure (PCE) inflation rate of 5.4 percent vs the projection of 5.5 percent, Thursday's data set has given the dollar some support.

 

On Friday, the US docket will announce Nonfarm Payrolls (NFP), which is predicted to be 490k, significantly lower than the previous figure of 678k. This will have a substantial impact on the Federal Reserve's eventual interest rate decision (Fed).


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