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May 19th news: With the substantial progress of the high-level economic and trade talks between China and the United States, the U.S. stock market has rebounded recently. However, people in the U.S. financial sector have warned that the risk of market volatility caused by the U.S. tariff policy still exists. Perlosky, founder of the U.S. TPW consulting firm, said that the U.S. governments tariff policy has undermined peoples trust in the U.S. government. The current U.S. tariff level is still at a historical high and will continue to impact the U.S. economy. Analysts at UBS Group pointed out that the 10% base tariff imposed by the U.S. government on imported goods may not be reduced through trade negotiations. The additional tariffs may lead to a slowdown in the U.S. economic growth and push up prices. Continued uncertainty may trigger further market fluctuations. U.S. media reported that people in the financial sector expect that if there is no specific solution to the trade dispute caused by the U.S. tariff policy, the U.S. stock market may fall again.The UK Rightmove average house asking price index rose 1.2% year-on-year in May, compared with 1.30% in the previous month.The UK Rightmove average house asking price index rose by 0.6% month-on-month in May, compared with 1.40% in the previous period.On May 19, the article stated that where the world is going depends largely on the strategic choices of major powers. If trust and cooperation consensus are established between major powers, then the sense of cooperation in the international community will become popular and continue to develop in various fields; on the contrary, if major powers are suspicious of each other and confrontation prevails, then it will be difficult for the international community to form a consensus on cooperation, let alone the results of cooperation. There is no way out of confrontation, and cooperation is what people want and the general trend. The world should cooperate instead of confrontation. This is the requirement of the times and the inevitable choice for the development of human society.The railroad strike in New Jersey, USA, ends.

Bears on the AUD/NZD pair are watching 1.1080

Alina Haynes

Aug 09, 2022 15:04

 截屏2022-08-09 上午10.11.28.png

 

The AUD/NZD exchange rate is stable at the Tokyo open and has fluctuated today between 1.1091 and 1.1115 as a result of the Reserve Bank of New Zealand's projections for inflation at the beginning of the week and strong Chinese data.

 

According to analysts at Westpac, as inflation expectations fall, the RBNZ will become more assured that the risks of high inflation becoming ingrained in the economy are waning. This is especially relevant in light of the multi-decade high actual inflation rate and related concerns of a wage-price spiral, analysts said.

 

Analysts did note, however, that the poll "The evidence that there are still strong inflation pressures in the New Zealand economy supports raising interest rates. At the RBNZ policy meeting the following week, a further 50bp increase is anticipated.

 

The New Zealand dollar has since made up all of the losses suffered after Friday's strong US Nonfarm Payrolls report. US bond yields have decreased, which has led to a rise in risk and a decline in the value of the dollar. The most recent surge in NZD strength, according to analysts at ANZ Bank, appears to be the outcome of a stronger AUD, which has reclaimed the lead as markets take in strong Chinese trade data.

 

"Before the critical US Consumer Price data for July is released tomorrow evening, it is doubtful that the NZD will increase much. The Fed's (and the US bond market's) main concern is that monthly core readings will continue to be elevated, even though annual headline inflation may calm down. The specifics will determine if this results in a resurgence of USD strength.


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