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On September 14th, according to Irans Mehr News Agency, Iranian Parliament Speaker Abbas stated that the United States is deceptive and only understands "the language of force and the logic of power." He also warned against participating in negotiations that would weaken Irans regional allies. Withdrawing from the Treaty on the Non-Proliferation of Nuclear Weapons is "a completely achievable and easily attainable step." Israel, which possesses an undeclared nuclear arsenal, is one of the few countries that has not signed the treaty.U.S. Central Command: As of September 13, the U.S. military had diverted 101 merchant ships to ensure compliance.September 14th - According to the New York Times, King Charles III of the United Kingdom will meet with leaders of major artificial intelligence companies in Scotland this week amid growing concerns that the rapid and unrestrained development of technology could lead to a global catastrophe. According to a statement from Buckingham Palace, Charles will convene company leaders, including those from Nvidia, Google, DeepMind, OpenAI, and Anthropic, as well as government officials, to discuss how to develop and deploy artificial intelligence in a socially beneficial way. They will meet at Dumfries Manor, the headquarters of the Kings Foundation, an educational charity, in Ayrshire, southwest Scotland. This gathering comes at a time when AI insiders and some industry giants are issuing warnings about these tools and their rapid development. Some are calling for shared guidelines and a deliberate slowdown in development to ensure that humans can keep up. The Buckingham Palace statement said that the AI conference convened by Charles will explore how the technology can be used to benefit humanity, thereby enhancing community cohesion and improving peoples lives.September 14th - According to foreign media reports, US President Trump reiterated on the 13th that he supports Northern Irelands secession from the UK and its "union with Ireland." This comes a day after Trump made similar remarks, which drew strong opposition from British political circles. Speaking to the media in Ireland that day, Trump said, "Theres Northern Ireland, and theres Ireland. To me, it seems like the most natural thing to do to bring them together." When asked about Scotland, Trump stated that the issue would not be discussed at this time, saying, "Well talk about it later."According to Saudi media Hadas, Yemeni government armed forces stated that they have recaptured positions in western Taiz that had previously been infiltrated by Houthi rebels. As part of the operation to expel Houthi forces from Taiz province, they have advanced towards the Jir Bani Omar area.

AUD/USD is stuck at 0.6900 and is unwilling to move

Daniel Rogers

Jul 20, 2022 11:56

 截屏2022-07-20 上午10.04.27.png

 

Phillip Lowe, the governor of the Reserve Bank of Australia, is now on the record saying that a hike in the cash rate is coming soon. The AUD/USD exchange rate is frozen at 0.69 as traders look for any hint from the governor of a 75 bp hike. However, so far in the speech, there has been no mention of such an increase.

 

The RBA said in its minutes that it is prepared for additional monetary tightening to go along with its most recent unexpectedly large rate increase, and officials vowed to continue to be steadfast in their fight against skyrocketing inflation. This led to an increase in the Australian dollar on Tuesday. In light of the tight labor market and impending inflation, the board noted that current interest rates were "still reasonably modest."

 

The governor brought up the most recent job statistics, which were released last week. According to this, Australia's net employment rose by 88,400 from May to June, which was more than three times the market expectation of a 30,000 rise. At the same time, the jobless rate decreased to a 48-year low of 3.5 percent. The Australian dollar is anticipated to appreciate along with threats from rising global inflation.


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