EUR/USD 1.17092
-0.103%
Gold 4339.50
0.156%
Oil 56.513
1.153%
USD/JPY 157.685
1.371%
GBP/USD 1.33734
-0.060%
GBP/JPY 210.883
1.325%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to the U.S. Commodity Futures Trading Commission (CFTC), as of the week ending December 9, crude oil speculators reduced their net short positions in WTI crude oil by 38,888 contracts to 12,038 contracts.According to the U.S. Commodity Futures Trading Commission (CFTC), in the week ending December 9, COMEX gold speculators increased their net long positions by 4,829 contracts to 124,637 contracts. COMEX silver speculators increased their net long positions by 6,724 contracts to 27,978 contracts.December 20th - Mixue Ice Cream announced the official opening of its first US store, located at 6922 Hollywood Boulevard, Los Angeles.On December 20th, at the Moore Threads 2025 MUSA Developer Conference, in addition to the new "Huagang" architecture and the Huashan chip, Moore Threads also unveiled its Lushan graphics chip. Lushan is a high-performance graphics rendering chip built on the Huagang architecture, promising a 15x improvement in AAA game rendering, a 50x improvement in ray tracing performance, an 8x improvement in atomic memory access performance, and a 4x improvement in video memory capacity. AI rendering performance is improved by 64x, geometry processing performance by 16x, and texture fill performance by 4x. Besides supporting gaming, it also supports rendering for all CAD, CAE, and other graphic design applications.According to Business Insider, Google has warned some visa holders against leaving the United States, as their return home could face “significant” delays of up to a year.

AUD/USD falls to approximately 0.67 as a result of less hawkish RBA minutes

Daniel Rogers

Mar 21, 2023 14:05

 AUD:USD.png

 

As a result of the publication of minutes from the Reserve Bank of Australia (RBA) that were less hawkish, the AUD/USD pair has declined to near 0.6705. Given that inflation was still too high, the labor market was constrained, and business surveys indicated robust activity, the Board reaffirmed that additional policy tightening would likely be required. The RBA policymakers viewed a 25 basis point (bps) rate increase as the only viable option for March's monetary policy.

 

Investors should be aware that RBA Governor Philip Lowe raised the Official Cash Rate by 25 basis points to 3.60 percent for the fifth consecutive time. In addition, it was the RBA's eleventh consecutive increase in interest rates to combat persistent inflation.

 

Recent optimistic Australian employment data indicate that the fight against persistent inflation is extremely complicated and that RBA policymakers are still required to make challenging decisions in times of inflation uncertainty and global banking collapse concerns.

 

In the Asian session, S&P500 futures have extended Monday's gains as investors disregard concerns over the Federal Reserve's (Fed) impending monetary policy, indicating a further improvement in market participants' risk appetite.

 

The US Dollar Index (DXY) has remained relatively stable around 103.30 as investors anticipate a less hawkish monetary policy and interest rate guidance. Fed Chair Jerome Powell is required to restore investor confidence following the failure of three midsize commercial banks in the United States. This could be accomplished through minor adjustments to interest rate policy.

 

In the interim, the demand for U.S. government bonds has weakened further as inflation expectations have risen as a result of the collaborative effort of various central banks to support commercial banks by providing liquidity assistance in the form of US dollars. This has led to higher yields on US Treasury bonds. The yield on the 10-year Treasury note has risen to 3.5%.


Suggestion