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On October 5, 2025 (the fourth day of the Mid-Autumn Festival and National Day holiday), cross-regional passenger mobility totaled 301.2911 million, a month-on-month decrease of 1.1% and a year-on-year increase of 6.1%. Of this total, rail passenger volume reached 18.334 million, a month-on-month increase of 0.9% and a year-on-year increase of 4.5%. Highway passenger volume (including non-commercial passenger vehicle trips on expressways and ordinary national and provincial highways, as well as commercial passenger vehicle trips on expressways) reached 278.73 million, a month-on-month decrease of 1.2% and a year-on-year increase of 6.2%. Of this total, commercial passenger volume reached 35.23 million, a month-on-month decrease of 1.5% and a year-on-year increase of 2.5%. Non-commercial passenger vehicle trips on expressways and ordinary national and provincial highways reached 243.50 million, a month-on-month decrease of 1.2% and a year-on-year increase of 6.8%. Waterway passenger volume reached 1.9077 million, a month-on-month decrease of 0.9% and a year-on-year increase of 5.6%. Civil aviation passenger volume was 2.3194 million, a decrease of 1.8% month-on-month and an increase of 4.1% year-on-year.According to the Financial Times: The European Commission will introduce a new "Applied Artificial Intelligence Strategy" to accelerate the development and use of localized artificial intelligence technology.According to RIA Novosti: Russian air defense forces shot down 32 Ukrainian drones at night.On October 5th, the U.S. federal government shutdown entered its fourth day, and Americans are increasingly frustrated with the drama caused by partisan bickering. According to the New York Times website, a recent New York Times poll shows that Americans confidence in the U.S. political systems ability to solve problems is declining. Only 33% of Americans believe the country is capable of resolving its political problems, and a majority now believe it is unable to overcome its deep internal divisions. The poll also reveals a deep skepticism among Americans about the U.S. political system. Forty-one percent of Americans say they disagree that the United States is a democracy. Americans told CCTV reporters that their lives are already being impacted by the government shutdown, and that the bipartisan struggle has left ordinary people the ultimate victims.Polish Armed Forces: Poland scrambled aircraft to secure its airspace after Russia launched an attack on Ukraine.

Bulls in EUR / USD Have Taken Out Significant Lows, Dropping Below 1.0570 So Far

Alina Haynes

Mar 01, 2023 11:51

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On Tuesday, the EUR / USD exchange rate hit a bottom of 1.0573, but that was not the only development. Early in the day, higher-than-expected French inflation figures drew investors to the Euro, driving short-term euro zone yields to their greatest levels in at least a decade. Then, at the start of the US trading session, the pair increased to 1.0645 as US data showed that, in contrast to several prior inflationary results, the Fed's rate rises were starting to have the intended impact.

 

According to ANZ Bank analysts, "Base effects from Russia's invasion of Ukraine last year should start to push annual inflation down from March, but the ECB will be mainly worried with consecutive monthly inflation rises." Inflation statistics for Germany and the euro zone will be released soon, giving the Governing Council meeting in March a more comprehensive inflation picture.

 

Unexpectedly, the US Consumer Sentiment dropped in February, dropping from 106 in January to 102.9, far below the anticipated 108.5. The US Dollar suffered as a result. In addition, the Chicago PMI business poll for February came in lower than expected, and the S&P CoreLogic Case Shiller national house price index rose only 5.8% year over year and dropped 0.5% in December.

 

Expectations regarding the Fed's interest rate policy will be heavily influenced by the US Nonfarm Payrolls employment statistics for February, which will be published on March 10, and the Consumer Price Index, which will be released on March 14. The ISM manufacturing PMI will likely continue to represent the sector's fragility in February (market expectation: 45.5), according to analysts at Westpac, and the final assessment of the S&P Global manufacturing PMI will probably support this as well. "Weaker demand is expected to keep construction spending down in January (market consensus: 0.2%);" Neel Kashkari, president of the Minneapolis Federal Reserve, will also speak.


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