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Israeli Prime Minister Netanyahu: We can attack Iran at any time.On September 3, the Iranian Foreign Ministry issued a statement on September 2, local time, strongly condemning the US military action against Iran. The statement said the US attacked multiple demilitarized zones, ports, communication facilities, and other civilian infrastructure in the provinces of Khuzestan, Sistan-Baluchistan, Hormozgan, and Kerman, causing casualties and property damage. The statement said that a US attack on a wedding in Sirik district of Hormozgan province resulted in the deaths and injuries of more than 70 Iranians, most of whom were women and children. The Iranian Foreign Ministry stated that the actions violated basic principles of international law and international humanitarian law. The statement indicated that the Iranian armed forces, in accordance with the right of self-defense under the UN Charter, carried out a "defensive and deterrent strike" against US military bases that served as the starting point and logistical support for the US attacks on Iran. Iran also urged regional countries to prevent the US from using its territory and airspace to conduct military operations against Iran and called on the UN Security Council and the UN Secretary-General to fulfill their responsibilities to prevent further escalation of the situation.Israeli Prime Minister Netanyahu: If Iran chooses to attack us, they know it will be one of their final decisions.Spokesperson for the UN Secretary-General: The Secretary-General is concerned about reports of casualties from the US attack on Iran.The Mayor of Moscow: Three more drones flying towards Moscow were shot down today. This brings the total number of destroyed drones to 28.

AUD/NZD strengthens above 1.0800 as focus shifts to RBA Lowe's speech and RBNZ policy

Daniel Rogers

Nov 22, 2022 14:59

截屏2022-11-22 上午10.03.22.png 

 

In the early Tokyo session, the AUD/NZD pair is displaying inventory accumulation between 1.0810 and 1.0830. Investors have shifted their focus to Reserve Bank of Australia (RBA) Governor Philip Lowe's speech, which has caused the asset to swing unpredictably. The primary impetus for the cross will be the Reserve Bank of New Zealand's (RBNZ) interest rate decision on Wednesday.

 

Investors await the RBA policymaker's speech in order to get an informed opinion. The speech will include interest rate suggestions to counteract the exceptional increase in inflationary pressures. Third-quarter inflation hit 7.3%, compelling the Australian central bank to lift its price growth projection to 8%. To preserve healthy economic prospects and achieve price stability, the RBA maintained its rate hike timetable at 25 basis points (bps).

 

On the kiwi front, the Reserve Bank of New Zealand's (RBNZ) monetary policy statement will deepen policy divergence between the RBNZ and the RBA. Governor Adrian Orr of the Reserve Bank of New Zealand (RBNZ) has already announced five consecutive rate hikes of 50 basis points (bps) to a current level of 3.5 percent and has no plans to pause rate hikes despite rising inflationary pressures.

 

The Official Cash Rate (OCR) will climb by 75 basis points (bps) this time, according to a Reuters survey of the RBNZ's rate hike estimates. A comparable scenario would cause the OCR to increase to 4.25 percent and depart significantly from the RBA's policy structure.

 

The decision may boost the New Zealand Dollar in the future, but reduces the Reserve Bank of New Zealand's room for future rate increases. In addition, additional economic dynamics requirements will be shifted into the future.

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