EUR/USD 1.18038
0.115%
Gold 4771.27
2.416%
Oil 61.541
-0.855%
USD/JPY 155.468
-0.084%
GBP/USD 1.36742
0.045%
GBP/JPY 212.593
-0.030%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The Reserve Bank of Australia will release its interest rate decision and monetary policy statement in ten minutes.The U.S. House Rules Committee has advanced the government funding bill, clearing the way for a full vote as early as tomorrow.February 3 – UOB economists Enrico Tanuwidjaja and Vincentius Ming Shen noted in a report that Indonesias trade surplus outlook faces increasing risks due to slowing economic growth and escalating trade tensions, potentially causing demand pent up last year to gradually subside at the beginning of 2026. They believe that while the Comprehensive Economic Partnership Agreement (CEPA) with the EU provides some diversification support, broader trade partnerships and downstream industrial expansion in more sectors are crucial to maintaining the surplus momentum. UOB projects that Indonesias trade surplus will narrow this year from US$41 billion in 2025 to approximately US$35 billion due to slower export growth and continued capital goods imports.February 3rd - The Singapore dollar strengthened slightly against the US dollar in Asian trading, benefiting from a recovery in risk appetite triggered by the US-India trade agreement. US President Trump stated on Monday that the US had agreed to reduce tariffs on India to 18%, up from a 25% tariff he imposed on the country last year. Two FX strategists from OCBC Research noted in a report that the recent rise in the USD/SGD pair should plateau if risk sentiment stabilizes further and the dollars rally slows. The strategists added that the pair should subsequently consolidate within the 1.2680-1.2760 range. LSEG data showed the USD/SGD pair fell 0.1% to 1.2710.The Hang Seng Index fell by more than 1%, and the Hang Seng Tech Index fell by more than 3%. Star tech stocks, artificial intelligence, lithium batteries, and chip concepts led the decline, while power equipment, building materials and cement, and home appliances concepts bucked the trend and strengthened.

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

 截屏2022-08-08 上午11.52.29.png

 

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.

Suggestion