EUR/USD 1.14218
-0.776%
Gold 5016.12
-1.248%
Oil 96.467
1.332%
USD/JPY 159.671
0.208%
GBP/USD 1.32265
-0.866%
GBP/JPY 211.193
-0.611%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On March 15th, local time, the Iranian Islamic Revolutionary Guard Corps issued a statement saying that in the past 48 hours, the US and Israel had launched attacks on several civilian industrial facilities in Iran, resulting in the deaths of several workers. The statement said that after setbacks in its confrontation with Iran, the US and Israel have turned to attacking non-military industrial facilities. Iran warned that US companies in the region should withdraw from their facilities and urged nearby residents to stay away from industrial areas with US capital involvement to avoid potential attacks.The Swiss government has discussed the US request for military overflight. In accordance with the principle of neutrality, the Federal Council rejected two requests related to the war with Iran.Local officials said operations at the Lanaz refinery in Iraq’s Erbil province have been suspended until the fire is extinguished and the damage is assessed.On March 15th, Colombian Energy Minister Edwin Palma posted on the X platform that Venezuelas state-owned oil company PDVSA intends to terminate its contract with Colombias state-owned oil company Ecopetrol regarding the Antonio Ricardo pipeline, citing insufficient investment in its maintenance. Palma stated that the Colombian government plans to meet with the US government next Monday to discuss lifting sanctions in an effort to normalize commercial relations with Venezuela. Palma also indicated that Colombia has approved a license to resume imports of liquefied petroleum gas (LPG) from Venezuela at a rate of 1.26 million gallons per month.Colombian Energy Minister: Current investment is insufficient to cooperate with Venezuelas state-owned oil company PDVSA to repair the Antonio Ricarde pipeline.

Despite the RBNZ's pessimistic expectations, the AUD/NZD crosses a new weekly high of 1.1090

Alina Haynes

Jul 08, 2022 11:35

 截屏2022-07-08 上午9.51.28.png

 

Early in the Tokyo trading session, the AUD/NZD pair hit a new weekly high of 1.1088. Since the Reserve Bank of Australia announced a rate increase during the previous two trading sessions, the cross has been in the hands of bulls (RBA).

 

RBA Governor Philip Lowe announced a 50 basis point (bps) increase in interest rates this week. The Official Cash Rate (OCR) has been raised by the RBA to 1.35 percent. The announcement matched the expectations of market participants. Due to rising prices for food and fossil fuels, pricing pressures in the Australian economy are getting worse. As a result, the first quarter of CY2022 saw an inflation rate of 5.1%.

 

The Australian Trade Balance has made the Australian dollar more valuable relative to the New Zealand dollar. The monthly economic figures came in at 15,965M, above the 10,725M projected and the 13,248M reported in the prior report.

 

Investors' attention will be focused on the Australian jobs data the following week. Market analysts anticipate that the Employment Change will remain at 25k, a significant drop from the prior estimate of 60.6k.

 

Investor focus has shifted to the Reserve Bank of New Zealand's interest rate decision on the kiwi front (RBNZ). In view of the growing inflation rate, RBNZ Governor Adrian Orr may raise the OCR further. The RBNZ's OCR is at 2 percent. The RBNZ has raised interest rates at a quicker rate than other Western leaders, which is noteworthy. The objective of neutral interest rates will be achieved more quickly.

Suggestion