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The yield on Japans 40-year government bonds fell 4.5 basis points to 3.610%.On December 30th, He Xiaopeng, Chairman of XPeng Motors, posted on Weibo that he recently spent four hours test-driving Teslas FSD V14.2 in the United States. In short, if FSD was only a "good L2 assisted driving" in 2024, the latest version shows that L4 autonomous driving is just around the corner. "What impressed me most was Teslas mass-produced vehicles and the Robotaxi currently in trial operation, all achieved with a single set of autonomous driving software! This is precisely the trend I saw when XPeng switched to VLA2.0. I believe that in 2026, whether in the US or China, the next generation of truly fully autonomous driving will arrive, directly from L2 to L4 (L3 has been skipped). In other words, XPengs Ultra version will achieve fully next-generation autonomous driving, also using the same model for Robotaxi," He Xiaopeng wrote.On December 30, 2025, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, stated at the 2025 International Situation and Chinas Diplomacy Symposium that the China-US relationship is one of the most important bilateral relationships in the world today. The strategic choices of both China and the US influence the direction of world history. Over the past year, we have adhered to viewing and handling our relations with the US from the perspective of our own overall and long-term interests and those of the world. We have maintained a firm and clear stance on major principled issues, and have been resolute and uncompromising on issues involving Chinas core interests. At the same time, we have engaged in dialogue and cooperation with the US, urging the US to view China rationally and objectively, and to resolve differences through consultation and dialogue. Wang Yi said that the practice of the development of China-US relations over the past year shows that mutual respect, peaceful coexistence, and win-win cooperation are key to the stable development of China-US relations and their benefit to the world. Cooperation between China and the US benefits both sides, while confrontation harms both. A condescending attitude is not a viable path, and inconsistency between words and deeds is unacceptable. China and the US must find ways to resolve their respective concerns on the basis of equality, respect, and mutual benefit, and explore the correct way for two major powers to coexist.On December 30, 2025, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, stated at the 2025 International Situation and Chinas Diplomacy Symposium that the Taiwan issue is Chinas internal affair and is the core of Chinas core interests. Regarding the continuous provocations by "Taiwan independence" forces and the large-scale arms sales to Taiwan by the United States, we must resolutely oppose and forcefully counter them. This year marks the 80th anniversary of Taiwans return to the motherland. Achieving the complete reunification of the motherland is a historical mission we must fulfill, as it involves safeguarding national sovereignty and territorial integrity in accordance with the law. We have seen more and more countries standing with China, not only reaffirming their adherence to the one-China principle and recognizing Taiwan as Chinese territory, but also explicitly opposing all "Taiwan independence" separatist activities and supporting Chinas reunification cause. Any attempt to obstruct this historical trend will inevitably end in failure.The yield on Japans 5-year government bond rose 2.0 basis points to 1.545%.

NZD/USD falls further below the 0.5800 level and nears the weekly low in response to USD strength

Daniel Rogers

Nov 03, 2022 18:09

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The 0.5835-0.5840 range attracts sellers on Thursday, as the NZD/USD pair declines for a second consecutive session. During the opening minutes of the European day, spot prices fall below the 0.5800 mark and appear poised to extend the overnight post-FOMC decline from the highest level since September 20.

 

In the preceding hour, the US dollar reversed an intraday fall and soared to a one-and-a-half-week high, which is regarded as the principal factor exerting downward pressure on the NZD/USD pair. Wednesday, the US central bank hinted at a future policy shift, but Fed Chair Jerome Powell dashed dovish hopes. Powell remarked that it was premature to consider a stop in the rate-hiking cycle and that the final rate will exceed expectations.

 

Powell's hawkish remarks indicate that the Fed will continue to raise interest rates to combat inflation. Recent increases in US Treasury bond yields continue to strengthen the dollar. Moreover, a reduced risk tone gives additional support for the safe-haven dollar and weighs on the risk-averse New Zealand dollar. Concerns about economic headwinds stemming from quickly rising borrowing prices and China's zero-COVID policy have a depressing effect on the market sentiment.

 

The underlying environment appears to overwhelmingly favor USD bulls, suggesting that the path of least resistance for the NZD/USD pair is down. Some selling below the weekly low, below 0.5775, will underline the negative outlook and pave the way for fresh near-term decline. Ahead of Friday's NFP report, market experts predict that the US ISM Services PMI will give early North American session impetus.