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According to the Shanghai Stock Exchanges official website, the IPO application status of Duality Biotherapeutics Inc. on the Science and Technology Innovation Board has changed to "under inquiry".According to the Shanghai Stock Exchanges official website, the IPO application status of Duality Biotherapeutics Inc. on the Science and Technology Innovation Board has changed to "under inquiry".July 3 – On July 1, Premier Li Qiang, Secretary of the Leading Party Group of the State Council, chaired a meeting of the Leading Party Group of the State Council to study and implement the spirit of General Secretary Xi Jinpings important speech at the ceremony celebrating the 105th anniversary of the founding of the Communist Party of China and Xi Jinpings thought on Party building. The meeting emphasized the need to strive for new achievements in high-quality development, strengthen initiative and a sense of urgency, and take more forceful measures and actions in building a modern industrial system, accelerating high-level scientific and technological self-reliance, building a strong domestic market, and deepening reform and opening up. It stressed the importance of being pragmatic, responsible, and dedicated to making greater contributions to building a strong nation and achieving national rejuvenation.Indias Trade Minister: Merchandise exports grew by about 15% and service exports grew by about 11% from April to June.The Reserve Bank of India reported that as of June 26, Indias gold reserves stood at $102.54 billion, compared with $107.93 billion the previous week.

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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