EUR/USD 1.18143
0.204%
Gold 4939.40
6.025%
Oil 63.141
1.722%
USD/JPY 155.697
0.064%
GBP/USD 1.36887
0.151%
GBP/JPY 213.134
0.224%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Fitch: Canada Pension Plans (CPPPs) are expected to perform strongly in bond issuance in 2025; a good start to 2026 is anticipated.Goldman Sachs: By late 2026, ore supply is expected to recover to around 300 million tons following supplemental approvals in Indonesia, resulting in a resurgence of a surplus of approximately 191,000 tons in the refined nickel market.Goldman Sachs: Indonesias ore supply is expected to decline by 11% year-on-year to 260 million tons in the first half of this year, which will tighten the refining market and support nickel prices to rise to $18,700 per ton in the second quarter of 2026.Hang Seng Index futures closed down 0.85% at 26,590 points in overnight trading, a discount of 245 points.On February 4th, Intel (INTC.O) CEO Chen Liwu stated that the memory chip shortage in the computer industry is likely to persist for at least two years. He said on Tuesday, "To my knowledge, there are currently no mitigation measures." Chen Liwu said he spoke with two key figures in the memory industry who told him, "There wont be any relief until 2028." The massive construction of artificial intelligence infrastructure has significantly increased the demand for memory chips, leading to a reduction in the supply of chips available for traditional computers and smartphones. This has resulted in chip shortages and price increases—which could dampen consumer willingness to purchase these products. Chen Liwu also pointed out that Nvidia, as a leading supplier of AI processors, will further drive up memory demand with its latest Rubin platform and next-generation products, as artificial intelligence will "consume a lot of memory."

AUD/USD falls to approximately 0.67 as a result of less hawkish RBA minutes

Daniel Rogers

Mar 21, 2023 14:05

 AUD:USD.png

 

As a result of the publication of minutes from the Reserve Bank of Australia (RBA) that were less hawkish, the AUD/USD pair has declined to near 0.6705. Given that inflation was still too high, the labor market was constrained, and business surveys indicated robust activity, the Board reaffirmed that additional policy tightening would likely be required. The RBA policymakers viewed a 25 basis point (bps) rate increase as the only viable option for March's monetary policy.

 

Investors should be aware that RBA Governor Philip Lowe raised the Official Cash Rate by 25 basis points to 3.60 percent for the fifth consecutive time. In addition, it was the RBA's eleventh consecutive increase in interest rates to combat persistent inflation.

 

Recent optimistic Australian employment data indicate that the fight against persistent inflation is extremely complicated and that RBA policymakers are still required to make challenging decisions in times of inflation uncertainty and global banking collapse concerns.

 

In the Asian session, S&P500 futures have extended Monday's gains as investors disregard concerns over the Federal Reserve's (Fed) impending monetary policy, indicating a further improvement in market participants' risk appetite.

 

The US Dollar Index (DXY) has remained relatively stable around 103.30 as investors anticipate a less hawkish monetary policy and interest rate guidance. Fed Chair Jerome Powell is required to restore investor confidence following the failure of three midsize commercial banks in the United States. This could be accomplished through minor adjustments to interest rate policy.

 

In the interim, the demand for U.S. government bonds has weakened further as inflation expectations have risen as a result of the collaborative effort of various central banks to support commercial banks by providing liquidity assistance in the form of US dollars. This has led to higher yields on US Treasury bonds. The yield on the 10-year Treasury note has risen to 3.5%.


Suggestion