EUR/USD 1.18124
-0.003%
Gold 3653.41
-0.177%
Oil 63.262
-0.541%
USD/JPY 147.069
0.060%
GBP/USD 1.36145
-0.066%
GBP/JPY 200.232
0.005%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The Hang Seng Tech Index rose 1%, with Hua Hong Semiconductor (01347.HK) leading the gains with a nearly 5% increase.On September 18, Qatari Minister of State for Foreign Affairs Al-Khulaifi visited the International Criminal Court (ICC) in the Netherlands on September 17 to discuss a legal response under international law to the Israeli attack on Doha. Al-Khulaifi held separate talks with ICC President and Judge Tomoko Akane and Deputy Prosecutor Nazat, focusing on the recent Israeli attack on Doha. Al-Khulaifi reiterated that Israels actions constituted a blatant violation of Qatars sovereignty and that its crimes must be punished under international criminal law. Qatar remains steadfast in its resolve to defend its rights through all legal avenues.The Hang Seng Index in Hong Kong opened at 26,863.69 points, down 44.7 points, or 0.17%, on September 18 (Thursday); the Hang Seng Tech Index in Hong Kong opened at 6,334.32 points, up 0.08 points, or 0.0%, on September 18 (Thursday); the CSI 300 Index opened at 9,574.74 points, down 22.03 points, or 0.23%, on September 18 (Thursday); and the H-share Index opened at 4,322.54 points, up 3.0 points, or 0.07%.At the Hong Kong stock market opening, the Hang Seng Index fell 0.17%, while the Sci-Tech Index opened flat. Tech stocks continued to be active, with Baidu (09888.HK) rising 3.05%. Kaisa Capital (00936.HK) rose 14.5%, as the company undergoes strategic transformation and expands its real-world asset (RWA) tokenization business.Eddie Yue, Chief Executive of the Hong Kong Monetary Authority: The pace of future US interest rate cuts remains uncertain, and short-term Hong Kong interest rates are affected by the supply and demand of funds.

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