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On August 26, according to Sepah News, the official news website of the Iranian Revolutionary Guard Corps, Revolutionary Guard spokesman Hossein Mohbi stated regarding the latest situation in the Strait of Hormuz: "The Strait of Hormuz is currently under our control, and there are no enemy warships in the Persian Gulf." He added, "From a military and territorial jurisdiction perspective, no vessel can pass through this waterway without Iranian permission and administration." Mohbi stated, "The Strait of Hormuz belongs to Iran and Oman, which is separated from us by the sea. About a month ago, we began negotiations with Oman and achieved results acceptable to both sides." "In these negotiations, the two sides reached some agreements on the respective shares of the straits waters and the revenue shares that Iran and Oman would receive from it." "The United States is interfering in this process, which has caused delays in the relevant work." He emphasized, "If the United States does not accept our conditions, the Strait of Hormuz will never be opened."A spokesman for the Iranian Revolutionary Guard said: "The Strait of Hormuz will not be opened if the United States does not accept our conditions."A spokesperson for the Iranian Revolutionary Guard stated that the United States is obstructing the negotiation process between Oman and Iran, causing delays in the talks.August 26 (Xinhua) -- Iranian President Pezechzian said at a meeting in Tehran on the 26th that the new round of US economic sanctions would be fruitless. Pezechzian stated that given the measures already taken by the Iranian government, the USs current economic pressure will not yield any results, just as it has failed to achieve anything in the war.On August 26, Qatari Foreign Ministry spokesman Ansari stated on August 25 that the US sanctions against Iran are unilateral, not UN or multilateral, and that those who decided to impose the sanctions should be questioned. Ansari emphasized that Qatar has always prioritized reaching a diplomatic solution through dialogue, believing it to be the only way out of the regional crisis, and called on all parties to participate in this process in good faith. Ansari also called for international pressure to be applied to Israel to respect the agreed-upon plans. He pointed out that Israels activities in the Gaza Strip and the West Bank, as well as its attacks on Syrian and Lebanese sovereignty, demonstrate that "Israel has no peace partners." Ansari stated that "the ball is now in Israels court," and if Israel wants to be part of the region and demonstrate its seriousness in seeking a diplomatic solution, it needs to abide by the agreements, and so far, there has been no positive progress in this regard.

The AUD/NZD exchange rate has dropped below 1.0300 on hawkish RBNZ bets

Alina Haynes

Aug 12, 2022 12:09

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The AUD/NZD exchange rate dropped from 1.0500 to 1.0400, and has since been trading sideways. For the asset to record a new weekly bottom, the kiwi bulls would have to push the cross below the immediate support of 1.0300. Bullish expectations for the New Zealand dollar were supported by the publication of a strong Business New Zealand PMI.

 

Greater than both the predicted 52.5 and the prior figure of 50, the Business NZ PMI has now reached 52.7. Because of this, the Reserve Bank of New Zealand (RBNZ) will be pleased with its efforts to reduce inflation. The RBNZ's monetary policy meeting next week will result in an interest rate announcement. The Official Cash Rate (OCR) is expected to be increased by Governor Adrian Orr for the fourth time in a row, by 50 basis points (bps). The OCR will go up to 3% after a comparable notification is made.

 

An OCR hike by the RBNZ to 4.00% by mid-2023 is predicted by a Reuters poll. It is forecasted that inflation will drop to levels below the 2%-3% target during the first half of 2023. At last, the RBNZ's goal of price stability appears to be within reach.

 

There was little relief for the Aussie bulls despite statistics showing that Australian consumers expect inflation to be lower than it actually is. The Reserve Bank of Australia will become less hawkish if the Australian Consumer Inflation Predictions, which reflect consumer predictions of future inflation over the next 12 months, fall.


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