EUR/USD 1.16454
0.403%
Gold 4672.04
1.968%
Oil 59.347
0.149%
USD/JPY 158.111
0.025%
GBP/USD 1.34263
0.349%
GBP/JPY 212.280
0.369%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On January 20th, it was reported that the United Nations Development Programme (UNDP) announced on January 19th that it will relocate nearly 400 positions from its New York headquarters to Europe. Approximately three-quarters of these positions will move to Bonn, Germany, while the remainder will relocate to Madrid, Spain. The UNDP stated that this adjustment is part of its institutional reforms aimed at adapting to the changing global financial and development environment, strengthening ties with host countries and partners, and enhancing its support for the worlds most vulnerable populations.On January 20th, British Foreign, Commonwealth and Development Secretary Yvette Cooper announced that the UK will double its troop presence in the Norwegian Arctic. Briefing the House of Commons on Greenland and broader Arctic security, Cooper stated that the UK will increase its Royal Marines in the region from 1,000 to 2,000 within three years. She also confirmed that the UK will participate in a series of exercises in the North Atlantic throughout 2026. "On Greenland, on tariffs, and on broader Arctic security, we are clear, principled, and unwavering in our commitment to protecting British interests," she concluded.Market news: The extremist group "Islamic State" claims responsibility for the attack on a Chinese restaurant in an Afghan hotel.On January 20th, Ukrainian President Volodymyr Zelenskyy stated on Monday that as the country prepares for a new wave of large-scale attacks from Russia, the Ukrainian Armed Forces are introducing a new dimension to their air defense system, forming small combat units to intercept drones in order to reform the existing air defense system. Earlier this month, a wave of attacks launched by Russia caused power and heat outages in thousands of apartment buildings, particularly in the capital Kyiv, and Ukraine is still dealing with the effects. Zelenskyy has repeatedly called for strengthened air defense capabilities, including increased assistance from Ukraines Western allies. In a video address that evening, Zelenskyy stated, "The Air Force will adopt new methods of air defense operations, involving mobile fire teams, drone interception, and other short-range air defense equipment." "The entire system will be revolutionized." Zelenskyy announced the appointment of Pavlo Yelizarov as the new Deputy Commander of the Air Force, responsible for overseeing and developing this innovation.Market news: Ukrainian President Zelenskyy announced the launch of a new air defense system.

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