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Irans First Vice President Aref stated that the wealthiest families in Iran consume approximately 23 to 24 times more gasoline than the poorest families. Meanwhile, the Iranian government is facing increasing pressure regarding fuel consumption, production, and prices.August 22 - Due to persistent high temperatures and drought, water levels in many important European rivers have dropped. French shipping company CMA CGM announced that due to the abnormally low water levels of the Rhine and other European rivers, inland waterway transport is severely affected, and an "Inland Emergency Transport Fee" will be levied on goods transported through three ports. CMA CGM stated that the persistently low water levels have led to reduced inland barge transport capacity, port congestion, longer cargo dwell times at docks, and increased operating costs. This emergency surcharge will apply to all inland transport methods passing through the aforementioned three ports. The recent prolonged high temperatures and drought in many parts of Europe, coupled with the dropping Rhine River water level, has already impacted shipping and energy supplies. The Rhine River is one of Europes most important inland waterways, connecting several countries including the Netherlands, Germany, France, and Switzerland.The Iranian news agency IRNA released photos of Iranian Parliament Speaker Qalibaf during his visit to Iraq.On August 22, according to the Guangdong Provincial Administration for Market Regulation, in order to further strengthen the main responsibility of online platform enterprises, rectify prominent issues such as inadequate verification of the qualifications of merchants, unfair platform rules, key product quality and safety, and food safety, further regulate the online transaction business order, and protect the legitimate rights and interests of consumers and operators within the platform, the Guangdong Provincial Administration for Market Regulation organized an administrative guidance meeting for platform enterprises on August 19.August 22 – According to the Iranian news agency IRNA, one of Iraqs most important demands to Tehran during Iranian Parliament Speaker Ghalibafs visit to Iraq was the issuance of special permits for Iraqi oil tankers to pass through the Strait of Hormuz. This request had been submitted to Iran multiple times through various channels. Despite Irans ongoing military operations and the severely deteriorated security situation in the Strait of Hormuz due to hostile actions by the United States, Iran ultimately decided to grant permits to some Iraqi oil tankers to pass through the strait.

Before the US NFP, the USD/JPY is likely to decrease to roughly 132.00

Alina Haynes

Aug 05, 2022 14:49

截屏2022-08-05 上午9.50.18.png 

 

The difficulties that the USD/JPY pair met around 133.00 during the Asian session are now in full force. As investors predict a disappointing result from the US Nonfarm Payrolls (NFP) data, the asset has printed a low of 132.77 and is projected to decrease further to about 132.00.

 

JP Morgan experts projected that the US Nonfarm Payrolls (NFP) will be poorer than expected at 200K in the July labor market statistics, compared to the consensus expectation of 250k jobs gained in the month. The US economy produced 372k new jobs in the labor market in June. The labor market is under great pressure as a result of data showing a continued fall in job creation. The unemployment rate, though, will be constant at 3.6 percent.

 

Increased labor market dangers are a result of rising interest rates and their compounding impacts. Due to pricey dollars, business players are unable to invest without reluctance. Low investment possibilities cannot thus speed the process of creating jobs.

 

Despite the Federal Reserve (Fed) policymakers' enhanced interest rate ambitions, the US dollar index (DXY) has thrown up the support of 106.00. According to Cleveland Fed President Loretta J. Mester, ending the policy tightening program without detecting a decline in the inflation rate for several months is not conceivable at interest rates above 4 percent .

 

Tokyo's entire household expenditure has dramatically climbed from the previous report of -0.5 percent and the predictions of 1.5 percent to 3.5 percent. As an inflation indicator, the economic data may aid the yen bulls. The economic data have greatly improved, which means that the inflation rate may climb much further. The findings may, however, be largely impacted by growing energy expenditures. However, a hike in the labor cost index is shortly to come in order to keep the inflation rate over 2 percent.


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