EUR/USD 1.18739
0.030%
Gold 5032.54
2.252%
Oil 62.595
-0.242%
USD/JPY 152.752
0.012%
GBP/USD 1.36557
0.249%
GBP/JPY 208.597
0.270%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On February 14th, Chinese Foreign Minister Wang Yi, speaking at the Munich Security Conference in Germany, addressed China-US relations, pointing out two possible scenarios. One is that the US objectively and rationally understands China, pursues a positive and pragmatic policy towards China, and works with China to continuously expand common interests, leading to future cooperation between the two countries. This would undoubtedly be of great benefit to both China and the US, as well as the world. The other scenario is that the US decouples from China, opposes anything related to China, forms various cliques and groups targeting China, and even incites or plots Taiwan independence and the division of China, crossing Chinas red lines. This would lead to confrontation between China and the US. History progresses through twists and turns, and the future of China-US relations is bright. The vision and principles of mutual respect, peaceful coexistence, and win-win cooperation will ultimately be realized, because this is the only correct choice.French Foreign Minister Barro: Some G7 members have indicated their willingness to move forward with the ban on shipping services for Russian oil.NATO Secretary General Rutte: Russias oil revenues have fallen by a third, rapidly depleting its sovereign wealth fund.On February 14th, in response to recent online complaints about "tickets available for long-distance journeys but not for short-distance journeys," a representative from the 12306 Railway Technology Center advised passengers with short-distance travel needs to avoid purchasing tickets for sections of long-distance trains. If a section of a long-distance train is indeed necessary, passengers should submit a waitlist order when "no tickets available" is displayed, and utilize up to 60 combinations of "date + train number" for ticket purchase.On February 14, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, delivered a speech and answered questions at the 62nd Munich Security Conference. When discussing China-EU relations, Wang Yi stated that China and the EU are partners, not adversaries. He quoted Confuciuss famous saying, "A gentleman seeks harmony but not uniformity," expressing his hope that both China and the EU would act and follow the path of gentlemanly conduct. Wang Yi said that China and the EU should join hands to practice multilateralism, uphold the authority of the United Nations, oppose unilateral bullying, and resist bloc confrontation.

AUD/JPY Exceeds 90.30 As RBA Considers Option To Raise Rates Prior To Pause

Daniel Rogers

Apr 18, 2023 14:02

AUD:JPY.png 

 

Following the release of the minutes from the Reserve Bank of Australia (RBA), the AUD/JPY pair surged above the 90.30-point critical resistance level. According to the RBA minutes, policymakers actively considered the decision to raise rates further. However, the decision to maintain the status quo was made after the collection of additional data.

 

Citing the resilience of Australia's financial system, RBA policymakers believed that the Board's future cash rate decisions would depend on the global economy, household spending trends, inflation projections, and employment forecasts.

 

Continue to monitor China's Gross Domestic Product (GDP) statistics. Compared to its stagnant performance in the final quarter of CY2022, the Chinese economy is estimated to have grown by 2.2%. Compared to the previous annual growth rate of 2.9%, the current annual growth rate for the economy is 4.0%. Australia is China's greatest trading partner, and stronger Chinese GDP data would strengthen the Australian Dollar.

 

The announcement of the People's Bank of China (PBOC) interest rate decision later this week will be crucial. Last week, the People's Bank of China pledged to provide additional monetary support to spur retail demand. Despite the reopening of China's economy following a period of economic restraint, the country's inflation rate has been consistently declining over the past few months.

 

According to Jiji news and Reuters, the Bank of Japan is reportedly considering a projection for consumer price growth between 1.6% and 1.9% for the 2025 fiscal year, a move seen as preventing market participants from betting on the central bank's departure from stimulus. This has also delayed the possibility of a shift away from an expansionary monetary policy, which cannot be considered until the Japanese inflation rate persists above 2%.


Suggestion