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Trump: Ukraine will receive massive support, including $350 billion and military equipment to keep fighting.Conflict situation: 1. Russian Defense Ministry: Russian air defense forces destroyed 19 Ukrainian drones last night. 2. Air raid alerts were issued throughout Ukraine, and the Air Force warned that Russia would launch a missile attack. 3. The Ukrainian Air Force shot down 6 missiles and 133 drones launched by Russia at night. Peace talks: 1. People familiar with the matter revealed that the UK is discussing convening European leaders for further talks on the Russian-Ukrainian conflict, which may be held as early as Sunday. 2. Ukraine agreed to the US mineral agreement after the United States gave up its most stringent demands. The Ukrainian cabinet is expected to recommend signing a key mineral deal with the United States on Wednesday. 3. The Kremlin: (When asked about the UN vote on Ukraine on Monday) The US position is more balanced, and Europes position on Ukraine may become more balanced due to engagement with the United States. 4. Trump: Ukraine will need some form of peacekeeping force. The future rare earth metal agreement signed with Ukraine may be valued at $1 trillion. 5. Trump: Sanctions on Russia will be lifted at some point. Hope to reach an agreement to gain access to Russias rare earth resources. 6. Source: Ukrainian President Zelensky plans to travel to Washington on Friday to meet with US President Trump. Others: 1. Polish Armed Forces: After Russia launched an attack on Ukraine, Poland urgently dispatched military aircraft to ensure the safety of its airspace. 2. The Ukrainian Parliament supports Zelenskys extension of his term, and Musk calls for elections. 3. British Prime Minister Starmer: Britains support for Ukraine has risen to a record level. 4. Peskov: Russia has rich rare earth reserves, and Russia and the United States have broad room for cooperation in this field.On February 26, "The amount of MLF due in February was 500 billion yuan, and 300 billion yuan was renewed on February 25, which is equivalent to a 200 billion yuan reduction in MLF in February." Wang Qing, chief macro analyst at Orient Securities, said that considering that the central bank had carried out a 1.7 trillion yuan buy-out reverse repurchase operation in January, it was equivalent to releasing large-scale medium-term liquidity in advance to cope with the large amount of MLF due in February. This also means that although the MLF has continued to shrink since October 2024, the central bank has not reduced its medium-term liquidity injection. Experts believe that although the central bank has recently suspended the purchase of treasury bonds in the secondary market, it is expected to maintain medium-term market liquidity at a relatively reasonable level through large-scale buy-out reverse repurchases, so as to support banks to increase credit supply at the beginning of the year, support government bond issuance, and stabilize market expectations.Lucid Group (LCID.O) interim CEO: The company plans to launch a mid-size car at the end of this year or early next year.According to Eastern European media Visegrad 24: Trump said that Ukraine will have enough weapons to continue fighting until the United States and Russia reach an agreement to resolve the Russia-Ukraine conflict.

AUD/USD continues to swing near 0.6860 despite positive Australian employment data

Alina Haynes

Dec 15, 2022 11:35

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The AUD/USD currency pair continues to be affected by the Federal Reserve's monetary policy decision (Fed). The Australian dollar has continued to bounce at 0.6860 despite the Australian Bureau of Statistics' announcement of a significant improvement in Employment Change data. The Australian economy has created 64K new jobs, as opposed to the 19K expected and the 32.2K seen earlier. The unemployment rate has remained unchanged at 3.4%.

 

Previously, 12-month inflation forecasts for Australian consumers declined to 5.2% from 5.7% and 6.0% in the prior edition. Reserve Bank of Australia will be delighted by a considerable decline in inflationary pressures (RBA). Philip Lowe, the RBA's governor, has been tightening monetary policy to reduce the CPI (CPI).

 

Notably, a drop in one-year inflation expectations will not compel the RBA to abandon further interest rate hikes, given that the route to achieving a 2% inflation rate is not yet complete. The Reserve Bank of Australia (RBA) could boost the Official Cash Rate (OCR) by 25 basis points (bps).

 

A change in the Federal Reserve's (Fed) current monetary policy plan caused volatility in the US Dollar. After the Fed announced a lesser rate hike of 50 basis points (bps) and abandoned the 75 basis point rate hike cycle, the US Dollar Index (DXY) plummeted to a six-month low of 103.49. As the fight against inflation will take some time, the Federal Reserve has raised the peak interest rate to 5.1% by the end of CY2023.