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On January 26th, at a press conference on Chongqings import and export situation in 2025, Chen Hai, Deputy Director and Spokesperson of Chongqing Customs, introduced that in 2025, despite multiple pressures and challenges, Chongqings import and export demonstrated strong resilience and vitality, achieving stable volume and improved quality, and a positive development trend. According to customs statistics, Chongqings total foreign trade import and export volume reached 800.68 billion yuan in 2025, a year-on-year increase of 12%. Among Chongqings exported products, the "new three categories" performed exceptionally well, with electric vehicles, photovoltaic products, and lithium batteries showing export growth rates as high as 73.5%.The yield on Japans two-year government bonds rose 2 basis points to 1.27%, a new high since 1996.Hyundai Motor: is evaluating a range of collaboration opportunities, including potential collaborations in the field of hydrogen energy, and taking full advantage of Canadas strengths.Hyundai Motor: We currently have no plans to establish a car manufacturing plant in Canada.On January 26th, Tim Kelleher, Head of FX Sales at the Commonwealth Bank of Australia in Auckland, stated, "This is the first time in over a decade that the Federal Reserve has conducted a currency inquiry. Theyve made threats before, but this is a very different approach than their usual practice. We are in a new system... Weve already seen a wave of anti-dollar movements. Theres also been ongoing discussion about a Plaza Accord 2.0, which, if it happens, would be significant and could signal a potential weakening of the dollar."

NZD/USD falls rapidly from 0.6260 when the RBNZ announces a decline in inflation projections to 3.07 percent

Daniel Rogers

Aug 08, 2022 12:00

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The NZD/USD pair has encountered selling pressure while attempting to surpass the immediate resistance level of 0.6260. The asset has seen bids after the Reserve Bank of New Zealand (RBNZ) announced inflation estimates at 3.07 percent, down from 3.29 percent previously. It could be an indication of waning price pressure, but additional evidence is still needed to support the argument.

 

Price pressures in the New Zealand economy are increasing and have not yet shown signs of weariness. A June report indicates that an inflation rate of 7.3% is adequate to generate headwinds for families. The RBNZ is consistently escalating its policy tightening measures to combat the same. RBNZ Governor Adrian Orr has already increased the Official Cash Rate by 2.50 percentage points.

 

On the front of the US dollar, the US dollar index (DXY) has returned all intraday gains and is currently trading near the day's open at 106.60. While attempting to break over the crucial resistance level of 106.80, the DXY has encountered selling pressure. This week, investors' attention is centered on Wednesday's release of the US Consumer Price Index (CPI).

 

The annual inflation rate is projected to continue at 8.7 percent, down from 9.1 percent in the previous report. Oil prices have been on a downward trend in July, which may be the determining factor for a significant decline in the price increase index. While the US CPI excluding volatile food and oil prices may increase from 5.9 percent to 6.1 percent, the previous reading was 5.9 percent.

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