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On September 14th, according to Irans Mehr News Agency, Iranian Parliament Speaker Abbas stated that the United States is deceptive and only understands "the language of force and the logic of power." He also warned against participating in negotiations that would weaken Irans regional allies. Withdrawing from the Treaty on the Non-Proliferation of Nuclear Weapons is "a completely achievable and easily attainable step." Israel, which possesses an undeclared nuclear arsenal, is one of the few countries that has not signed the treaty.U.S. Central Command: As of September 13, the U.S. military had diverted 101 merchant ships to ensure compliance.September 14th - According to the New York Times, King Charles III of the United Kingdom will meet with leaders of major artificial intelligence companies in Scotland this week amid growing concerns that the rapid and unrestrained development of technology could lead to a global catastrophe. According to a statement from Buckingham Palace, Charles will convene company leaders, including those from Nvidia, Google, DeepMind, OpenAI, and Anthropic, as well as government officials, to discuss how to develop and deploy artificial intelligence in a socially beneficial way. They will meet at Dumfries Manor, the headquarters of the Kings Foundation, an educational charity, in Ayrshire, southwest Scotland. This gathering comes at a time when AI insiders and some industry giants are issuing warnings about these tools and their rapid development. Some are calling for shared guidelines and a deliberate slowdown in development to ensure that humans can keep up. The Buckingham Palace statement said that the AI conference convened by Charles will explore how the technology can be used to benefit humanity, thereby enhancing community cohesion and improving peoples lives.September 14th - According to foreign media reports, US President Trump reiterated on the 13th that he supports Northern Irelands secession from the UK and its "union with Ireland." This comes a day after Trump made similar remarks, which drew strong opposition from British political circles. Speaking to the media in Ireland that day, Trump said, "Theres Northern Ireland, and theres Ireland. To me, it seems like the most natural thing to do to bring them together." When asked about Scotland, Trump stated that the issue would not be discussed at this time, saying, "Well talk about it later."According to Saudi media Hadas, Yemeni government armed forces stated that they have recaptured positions in western Taiz that had previously been infiltrated by Houthi rebels. As part of the operation to expel Houthi forces from Taiz province, they have advanced towards the Jir Bani Omar area.

Bears on the AUD/NZD pair are watching 1.1080

Alina Haynes

Aug 09, 2022 15:04

 截屏2022-08-09 上午10.11.28.png

 

The AUD/NZD exchange rate is stable at the Tokyo open and has fluctuated today between 1.1091 and 1.1115 as a result of the Reserve Bank of New Zealand's projections for inflation at the beginning of the week and strong Chinese data.

 

According to analysts at Westpac, as inflation expectations fall, the RBNZ will become more assured that the risks of high inflation becoming ingrained in the economy are waning. This is especially relevant in light of the multi-decade high actual inflation rate and related concerns of a wage-price spiral, analysts said.

 

Analysts did note, however, that the poll "The evidence that there are still strong inflation pressures in the New Zealand economy supports raising interest rates. At the RBNZ policy meeting the following week, a further 50bp increase is anticipated.

 

The New Zealand dollar has since made up all of the losses suffered after Friday's strong US Nonfarm Payrolls report. US bond yields have decreased, which has led to a rise in risk and a decline in the value of the dollar. The most recent surge in NZD strength, according to analysts at ANZ Bank, appears to be the outcome of a stronger AUD, which has reclaimed the lead as markets take in strong Chinese trade data.

 

"Before the critical US Consumer Price data for July is released tomorrow evening, it is doubtful that the NZD will increase much. The Fed's (and the US bond market's) main concern is that monthly core readings will continue to be elevated, even though annual headline inflation may calm down. The specifics will determine if this results in a resurgence of USD strength.


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