EUR/USD 1.16672
-0.095%
Gold 4675.18
1.263%
Oil 84.511
-2.062%
USD/JPY 159.173
0.112%
GBP/USD 1.36343
-0.090%
GBP/JPY 217.026
0.022%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Saudi Arabias national shipping company, Bahri, has confirmed that the oil tanker "Amzan" is involved in the Red Sea incident. They are maintaining contact with the vessel and continuing to monitor the situation.On August 24, the Trump administration unveiled a proposed regulation on Monday that would include an unprecedented fee for H-1B visas. This fee would impose a charge exceeding $100,000 on H-1B visas for highly skilled foreign workers. Trump first proposed the fee last year, but it has been blocked by the courts. Trump first implemented the fee last year through a temporary presidential proclamation, significantly increasing the cost of applying for H-1B visas, which are heavily relied upon by industries such as technology, education, and research. A U.S. federal judge ruled in June that the fee was illegal and blocked the Trump administration from imposing it. Trumps proclamation imposing the H-1B visa fee, issued in 2025, will expire in September, one year after its issuance, but he has directed the Department of Homeland Security to develop regulations to make it permanent. The Department of Homeland Securitys proposed $103,265 fee was published in the Federal Register on Monday and will be formally released on Tuesday, with a 30-day public comment period. The rule is expected to be finalized by the end of the year.European Council President Costa: Russia must allow Ukrainian food to be shipped to other parts of the world.British Prime Minister Burnham: France and Britain will provide missile technology to Ukraine.European Council President Costa: The EU is accelerating the disbursement of support loans to Ukraine to support air defense and energy infrastructure.

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