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On February 14, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, attended the Munich Security Conference and delivered a speech and answered questions at the "China Session." When asked about Chinas role in resolving regional conflicts, particularly the Ukraine issue, Wang Yi stated that Chinas position is clear: all regional hotspots should seek political solutions through dialogue and consultation, and the same applies to the Ukraine issue. However, China is not a party to the conflict, and the decision-making power is not in Chinas hands. What we can do is to promote peace talks. We have dispatched special envoys to mediate and, through various channels, emphasized to all parties that a ceasefire should be implemented as soon as possible, and that everyone should return to the negotiating table.On February 14, 2026, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, attended the Munich Security Conference, delivered a speech at the "China Session," and answered questions from the audience. Wang Yi emphasized that the erroneous remarks by Japanese leaders on the Taiwan issue exposed Japans undying ambition to invade and colonize Taiwan and the lingering specter of reviving militarism. Japan launched its invasion of China and attacked Pearl Harbor under the pretext of a so-called "crisis and existential crisis." The lessons of history are still fresh and must be heeded. If Japan does not repent, it will inevitably repeat the same mistakes. Good people should be vigilant. First and foremost, the Japanese people must be reminded not to be blinded and coerced by far-right forces and extremist ideologies again. All peace-loving countries should also warn Japan: if it chooses to go back to its old ways, it will only lead to its own destruction.Joint statement from the UK, Switzerland, France, Germany, and the Netherlands: We and our partners will use all policy tools at our disposal to continue to hold Russia accountable.Joint statement from the UK, Switzerland, France, Germany, and the Netherlands: We further express our concern that Russia has not destroyed all of its chemical weapons.The United Kingdom, Sweden, France, Germany, and the Netherlands issued a joint statement regarding the death of Alexei Navalny.

Despite better-than-expected monthly Retail Sales figures, AUD/USD is expected to continue its fall

Daniel Rogers

Sep 28, 2022 14:50

截屏2022-09-28 上午10.04.03.png 

 

The AUD/USD pair is expected to fall to about 0.6400 despite the release of weaker-than-expected monthly Retail Sales data. In spite of exceeding predictions of 0.4%, the 0.6% reading for GDP was still below the 1.3% seen in the prior period.

 

The Reserve Bank of Australia (RBA) will be encouraged by growing Retail Sales data when inflationary pressures are high and the bank is routinely tightening monetary policy to combat rising prices. That the RBA has already raised the Official Cash Rate (OCR) by 2.35 percentage points should not be lost on investors. For the fourth time this month, the RBA has raised the OCR by 50 basis points.

 

Currently, the US dollar index (DXY) is soaring after upbeat Consumer Confidence numbers were released. U.S. Conference Board stated the index of consumer sentiment rose to 108.0 from 103.6 in their prior survey. Increased optimism among American consumers is good news for the Federal Reserve (Fed) since it suggests robust demand from households. That's good news because it means the Fed can go ahead and pronounce further rate hikes.

 

Future attention will be fixed on Fed head Jerome Powell's public comments. It is expected that Fed policymakers will lay out the likely monetary policy actions that will be taken by the Fed in the first week of November and the middle of December. Seeing as inflationary pressures have not responded to the Fed's current rate of interest rate hikes, Powell will take a "hawkish" stance.


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