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According to Nikkei: Japan and the European Union have drawn up an agreement on a satellite network plan.Slovak Prime Minister: We aim to reach an agreement with EU partners on stopping Russian gas supplies and sanctions package by Tuesday.July 12, Anthony Saglimbene, chief market strategist at Ameriprise Financial, said that as the US government reaches an agreement with trading partners such as Japan and South Korea in the coming weeks, most investors seem to expect the United States to avoid raising tariffs. "This is the expectation that the market has formed," Saglimbene said. "If we dont get such an outcome, then I think if the White House does implement some aggressive tariff measures, the market volatility in the short term may increase."Ukraine said Russia launched 623 drones and missiles during the night.July 12, according to a report by the Wall Street Journal on the 11th, US President Trump hinted that if Iran seeks to develop nuclear weapons, he will support Israel in launching a new round of strikes against Iran. According to reports, Israeli Prime Minister Netanyahu recently privately informed Trump that if Iran resumes the development of nuclear weapons, Israel will launch further military strikes against Iran. Trump responded that he was inclined to reach a diplomatic settlement with Iran, that is, to reach an agreement on the nuclear issue, but he did not oppose Israels plan. The report also stated that a senior Israeli official revealed that Israel would not necessarily seek explicit approval from the United States on the issue of resuming strikes against Iran. However, considering that the United States seeks to maintain diplomatic ties with Iran, Israel may also face resistance from the United States.

NZD/USD Nears 0.6220 Amid a Weak U.S. Dollar, With New Zealand Inflation in Sight

Daniel Rogers

Apr 19, 2023 15:54

 NZD:USD.png

 

After defending the round-level support at 0.6200, the NZD/USD pair exhibited a lackluster performance during the Asian session. As the US Dollar Index (DXY) performs unfavorably, the Kiwi asset approaches the 0.6220 level of resistance.

 

S&P500 futures have extended their losses because investors are concerned about the future performance of stocks, indicating a cautious performance. US commercial institutions have displayed a mixed performance thus far. In the aftermath of March's turmoil and restrictive credit conditions, investors were initially apprehensive about the quarterly performance of banking stocks.

 

Following a substantial retracement, the US Dollar Index (DXY) continues to trade above 101.78. In spite of hawkish remarks from Federal Reserve (Fed) policymakers, the USD Index failed to exhibit a power-packed movement. As reported by Reuters, the president of the Federal Reserve Bank of St. Louis, James Bullard, advocated for the continuation of the central bank's policy tightening in view of the continued strength of labor market data.

 

In the second half of 2023, the probability of a recession decreases, according to Fed policymakers, as robust labor demand drives global consumption.

 

Thursday's quarterly inflation data is anticipated to affect the New Zealand Dollar. The New Zealand Consumer Price Index (CPI) accelerated to 2.0% from 1.4% in the first quarter of CY2023, according to the consensus. New Zealand's annual inflation rate has increased to 7.5% from 7.2%. As a result of the Reserve Bank of New Zealand's (RBNZ) decision to raise interest rates, households in the New Zealand economy are expected to bear a suffocating burden as a result of the country's rising inflation.

 

In addition, this suggests that RBNZ Governor Adrian Orr will continue to raise interest rates to combat inflation.


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