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On April 22, the Reserve Bank of Australia (RBA) is closely monitoring Anthropics newly launched "Mythos" artificial intelligence model. Anthropic claims the model is powerful enough to handle sophisticated cyberattacks. In a statement, the RBA said, "We are working with peer regulators, governments, and regulated entities. The RBA will continue to assess the impact of these technological advancements to ensure the continued security and stability of the financial system." Meanwhile, regulators around the world are discussing with financial institutions how to address the cybersecurity risks associated with "Mythos."On April 22, Iranian Permanent Representative to the United Nations, Illavani, stated on April 21 that Iran is ready to resume negotiations, but this depends on the United States. Negotiations will only begin if the US lifts its blockade. This statement came as US President Trump announced an extension of the ceasefire with Iran. However, according to Irans Tasnim News Agency, Iran did not request an extension. The Speaker of the Iranian Islamic Parliament, and advisor to former head of the negotiating delegation, Ghalibaf, also stated on social media that continued blockades are tantamount to bombing and must be met with a military response.April 22 – At todays quarterly press conference of the Ministry of Emergency Management, it was announced that in 2025, the Central Committee of the Communist Party of China and the State Council issued the "National Overall Emergency Response Plan for Emergencies," requiring all localities and relevant departments to promptly adjust the content of the emergency response plans based on the results of emergency response and drill evaluations. Currently, a new round of revisions and formulation of national-level emergency response plans has been fully launched. According to the plan, national-level emergency response plans that require revision after evaluation will, in principle, be completed by December 2026.On April 22, the Taiwan Affairs Office of the State Council held a regular press conference. A recent poll released by the Taiwan Democracy and Education Foundation showed that, regarding the possibility of a military conflict between the two sides of the Taiwan Strait, 54.4% of respondents believed that the United States would definitely not or might not unconditionally send troops to protect Taiwan, while only 28.6% believed it would. What is your comment on this? Zhang Han, spokesperson for the Taiwan Affairs Office, stated that the poll once again demonstrates that more and more Taiwanese compatriots realize that "Taiwan independence" is a dead end, that outsiders cannot be relied upon, and that in the eyes of the United States, Taiwan is merely a "pawn" to contain the mainlands development, and a "discarded pawn" that can be abandoned at any time. It must be emphasized that the Taiwan issue is purely Chinas internal affair and brooks no external interference. The DPP authorities stubborn "reliance on the US for independence" will not bring security and peace, but will only bring immediate harm and future generations.On April 22, the Taiwan Affairs Office of the State Council held a regular press conference. Lai Ching-tes planned visit to Swaziland was cancelled because the relevant country refused to issue a flight permit for his chartered flight. What is your comment on this? Zhang Han, spokesperson for the Taiwan Affairs Office, stated that we appreciate the position and practices of the relevant countries in adhering to the one-China principle. Those who act justly gain widespread support, while those who act unjustly find themselves isolated. Facts have once again proven that the one-China principle is a fundamental norm of international relations and a universal consensus of the international community; it is an irresistible trend, a matter of righteousness, and the will of the people.

USD / NZD Bulls Arrive At The Highs And Apply Pressure Below 0.6250

Daniel Rogers

Mar 02, 2023 16:17

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NZD/USD is down roughly 0.27 percent, falling from a high of 0.6257 to a low of 0.6238, wiping out some of the gains made in the middle of the week in reaction to information indicating a recovery in China demand, which raised commodity prices.

 

This came after Australia released a disappointing report, where GDP growth fell to 0.5% quarter-over-quarter from 0.7% earlier and fell short of consensus forecasts of a 0.8% rise. The information raised the chance that the Reserve Bank of Australia would stop raising rates sooner than anticipated, which originally hurt both currencies.

 

However, the kiwi profited from speculative buying after China's non-manufacturing activity expanded at a faster pace in February and the Caixin/S&P Global manufacturing PMI report for last month also exceeded expectations. The offshore yuan rose 1.3% to 6.8683 per dollar, recording its largest one-day rise since late November.

 

The New Zealand currency outperformed most of its peers, according to ANZ Bank analysts, and did well on crosses, especially NZD/AUD. "After the strong German CPI report, the EUR was a strong performer, and the Kiwi followed suit. This trend may have been worsened by stop-loss buying in the NZD/AUD pair because there was no clear NZD catalyst. This may result in muted price action in the coming days.

 

The USD mood is also changing. Bond yields climbed as a result of strong data last week, which caused the DXY to soar. However, last night's solid data dragged on the dollar in a "good news is bad news" way, probably due to worries that the Fed will orchestrate a recession. Is the strength of the NZD a tardy acknowledgment of the economy's resilience and post-cyclone recovery? Has performed admirably."