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On September 9th, local time, the Iranian Islamic Revolutionary Guard Corps (IRGC) issued a statement claiming that in response to the US militarys aggressive actions and malicious harassment of Iranian oil tankers and ships, the IRGC Aerospace Force used ballistic missiles to strike the US destroyers USS Delbert D. Black (DDG-119) and USS John Paul Jones (DDG-53), both equipped with cruise missiles and the Aegis Combat System. The IRGC stated that the attack caused serious damage to the US warships. The IRGC reiterated its firm stance against the USs desperate actions and warned the enemy against any miscalculations.On September 9th, the Iranian Islamic Revolutionary Guard Corps (IRGC) issued a statement early this morning (September 9th) local time, stating that in retaliation for the US aggressive attack on Iranian oil tankers, the IRGC Aerospace Force launched a fierce missile strike against US military bases in Jordan. During this ballistic missile strike, maintenance and deployment hangars and fighter bunkers for US F-35, F-16, and F-15 fighter jets were hit, inflicting heavy damage on the enemy. The statement emphasized that the Iranian armed forces vigilance and decisive fighting against the enemy are driving the aggressors into despair until their acts of aggression are completely stopped.On September 9th, local time, the U.S. Southern Command announced that on the 8th, the Joint Task Force for the Western Hemisphere (JTF-WHEM) intercepted a floating refueling station in the eastern Pacific Ocean that day, which was supporting illegal drug trafficking activities at sea. Intelligence confirmed that the vessel was linked to the Ecuadorian drug trafficking terrorist organization "Los Choneros". The personnel taken from the ship have been handed over to Ecuadorian authorities. After inspecting the vessel and disembarking the crew, the U.S. military sank the ship.Indonesian Automobile Manufacturers Association: Car sales in Indonesia increased by 32.4% year-on-year in August.On September 9th, Colombian President Eduardo de la Espley met with visiting US Secretary of State Marco Rubio in the northern coastal city of Barranquilla on the 8th. Following the meeting, de la Espley stated that Colombia and the US would strengthen cooperation in areas such as regional security, drug control, border affairs, and investment and development. Colombian Senator Iván Cepeda issued a statement via social media opposing Rubios visit and questioning whether certain arrangements reached between the de la Espley government and the US in security and military fields infringed upon Colombian national sovereignty. Cepeda also criticized the US-led drug control policy, arguing that the so-called "war on drugs," which has lasted nearly 50 years, has failed to fundamentally solve the drug problem.

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.