EUR/USD 1.03741
-0.225%
Gold 2854.65
-0.782%
Oil 69.851
-0.116%
USD/JPY 150.504
0.467%
GBP/USD 1.25801
-0.156%
GBP/JPY 189.327
0.312%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to the Philippine Institute of Volcanology and Seismology, a 5.3-magnitude earthquake occurred in the eastern waters of Davao Oriental Province in the southern Philippines at around 21:59 on March 1, with a focal depth of 10 kilometers. The earthquake was felt in many nearby areas. The earthquake is not expected to cause damage, but there will be aftershocks.On March 1, the official website of Ant Group was updated to show that Han Xinyi, the former president of Ant Group, officially took over as CEO of Ant Group.On March 1, data from FlightAware, a flight tracking website, showed that a Ukrainian government plane had taken off from a military base near Washington and flew to the UK. According to Ukrainian media reports, the plane was used by Ukrainian President Zelensky. It is reported that British Prime Minister Starmer proposed to hold a meeting in London on March 2 to discuss how to deal with the "breakdown" of the meeting between Trump and Zelensky on the 28th. More than a dozen European countries and EU leaders, as well as Zelensky, will attend the meeting.The National Highway Traffic Safety Administration (NHTSA) said Volkswagen of America is recalling 60,490 vehicles.March 1, local time on February 28, French President Emmanuel Macron said during his visit to Portugal that there was little hope of making progress on the tariff issue after meeting with US President Trump. Macron also said that if the United States decides to impose a 25% tariff on Europe, Europe will respond "equally". Macron said that although the imposition of reciprocal tariffs will lead to inflation and no country will benefit from it, the EU must protect itself.

AUD/NZD is projected to dip below 1.1170 as market players focus on the RBA rate decision

Alina Haynes

Aug 31, 2022 11:34

 截屏2022-08-31 上午9.49.57.png

 

The AUD/NZD exchange rate has shown less conviction in its recent slide after printing a new four-day low below 1.1700. The cross dropped sharply on Tuesday after breaking below the crucial support level of 1.1200. It is expected that the asset will continue to drop after breaking through its immediate support at 1.1170, as investors remain cautious ahead of the Reserve Bank of Australia's interest rate decision (RBA).

 

The Aussie Bulls fell on Tuesday after poor data on Australian Building Permits was made public. As expected, the latest economic data showed a drop to -25.9%, from the prior report's -17.2%. The monthly numbers also fell drastically, from -0.6% to -17.2%.

 

Interest rates are expected to be raised by the Reserve Bank of Australia (RBA) for the fourth time in a row on Tuesday. So far, the Australian economy has not breathed a sigh of relief as a result of falling pricing pressures. Inflation as measured by the Consumer Price Index (CPI) in Australia is at 6.1% as of the second quarter, and it is quite expected that additional rate hikes will be necessary to bring it down. Furthermore, the Official Cash Rate (OCR) information from RBZ Governor Philip Lowe will be essential.

 

New Zealand kiwi bulls have been supported by upbeat Building Permits data. This latest economic report shows a significant improvement, with a reading of 5% compared to -2.2% in the prior report. For the market as a whole, investors are still picking themselves up from the Reserve Bank of New Zealand's (RBNZ) announcement of two more interest rate hikes for the remainder of the year. In reaction to the soaring inflation, Reserve Bank of New Zealand governor Adrian Orr said last week at the Jackson Hole Economic Symposium that the central bank will announce a couple more interest rate increases.

Suggestion