EUR/USD 1.15274
0.090%
Gold 4082.49
0.369%
Oil 57.859
-0.028%
USD/JPY 157.013
0.400%
GBP/USD 1.30891
-0.118%
GBP/JPY 205.520
0.282%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
European Central Bank President Christine Lagarde: The current wave of investment in hyperscale computing companies shows that computing power remains a limiting factor. Training and deploying larger models requires significant investment in data centers and energy.European Central Bank President Christine Lagarde: If Europes AI wave resembles the spread of electricity in the 1920s, then annual productivity growth could increase by about 1.3 percentage points. But if it follows the path of the US digital boom of the late 1990s, the increase would be closer to 0.8 percentage points.European Central Bank President Christine Lagarde: There is reason to believe that AI may spread faster than previous technological waves and deliver tangible economic benefits more quickly.November 24 – According to Ukraines Interfax news agency, Oleksandr Bevz, chief advisor to the Ukrainian presidents office, stated after talks in Geneva that the 28-point peace plan previously seen by everyone no longer exists; some points have been deleted, and others have been revised. Bevz stated, "Ukraine discussed every point of the proposed plan with the United States, and every comment from the Ukrainian side was responded to." He pointed out that conspiracy theories about this matter far outweigh the facts. The chief advisor to the presidents office added, "One day I will write in my memoirs how the leadership of the delegation navigated a fog of manipulation to ensure that this meeting was not only successful but also constructive." As previously reported, Ukrainian President Zelensky is expected to receive the full report from the Geneva negotiating delegation on Monday evening, and further steps will be determined based on the report.European Central Bank President Christine Lagarde: Embracing artificial intelligence can still allow Europe to maintain its advantage.

AUD/NZD strengthens above 1.0800 as focus shifts to RBA Lowe's speech and RBNZ policy

Daniel Rogers

Nov 22, 2022 14:59

截屏2022-11-22 上午10.03.22.png 

 

In the early Tokyo session, the AUD/NZD pair is displaying inventory accumulation between 1.0810 and 1.0830. Investors have shifted their focus to Reserve Bank of Australia (RBA) Governor Philip Lowe's speech, which has caused the asset to swing unpredictably. The primary impetus for the cross will be the Reserve Bank of New Zealand's (RBNZ) interest rate decision on Wednesday.

 

Investors await the RBA policymaker's speech in order to get an informed opinion. The speech will include interest rate suggestions to counteract the exceptional increase in inflationary pressures. Third-quarter inflation hit 7.3%, compelling the Australian central bank to lift its price growth projection to 8%. To preserve healthy economic prospects and achieve price stability, the RBA maintained its rate hike timetable at 25 basis points (bps).

 

On the kiwi front, the Reserve Bank of New Zealand's (RBNZ) monetary policy statement will deepen policy divergence between the RBNZ and the RBA. Governor Adrian Orr of the Reserve Bank of New Zealand (RBNZ) has already announced five consecutive rate hikes of 50 basis points (bps) to a current level of 3.5 percent and has no plans to pause rate hikes despite rising inflationary pressures.

 

The Official Cash Rate (OCR) will climb by 75 basis points (bps) this time, according to a Reuters survey of the RBNZ's rate hike estimates. A comparable scenario would cause the OCR to increase to 4.25 percent and depart significantly from the RBA's policy structure.

 

The decision may boost the New Zealand Dollar in the future, but reduces the Reserve Bank of New Zealand's room for future rate increases. In addition, additional economic dynamics requirements will be shifted into the future.

Suggestion