EUR/USD 1.14073
0.085%
Gold 4145.65
1.669%
Oil 85.912
2.037%
USD/JPY 163.111
-0.046%
GBP/USD 1.33668
-0.055%
GBP/JPY 218.032
-0.088%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
An Alaska Airlines executive said: "We believe the Boeing (BA.N) MAX10 will be certified soon."On July 22, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, met with Indian Foreign Minister S. Jaishankar in Manila. Wang Yi stated that China is willing to work with India to implement the important consensus reached by the leaders of the two countries, maintain close high-level exchanges, strengthen cooperation in areas such as trade, media, and people-to-people exchanges, properly handle sensitive issues, promote a correct mutual understanding among all sectors and peoples of the two countries, and explore a correct path for neighboring major powers to coexist peacefully, based on mutual respect, mutual trust, common development, and common prosperity, thus continuously injecting new impetus into China-India relations. This year and next, India and China will successively assume the rotating chair of BRICS. Both sides should strengthen coordination and cooperation to promote the development and expansion of the "Greater BRICS Cooperation" mechanism, better representing and safeguarding the common interests of developing countries. China will continue to support India in successfully hosting this years BRICS Summit.The German DAX 30 index closed up 167.79 points, or 0.67%, at 25,160.16 on Wednesday, July 22; the UK FTSE 100 index closed up 127.96 points, or 1.21%, at 10,713.87 on Wednesday, July 22; and the French CAC 40 index closed up 74.75 points, or 0.89%, at 8,437.89 on Wednesday, July 22. The Stoxx 50 index closed up 32.62 points, or 0.52%, at 6318.25 on Wednesday, July 22; the Spanish IBEX 35 index closed up 190.82 points, or 0.98%, at 19569.62 on Wednesday, July 22; and the Italian FTSE MIB index closed up 499.91 points, or 0.96%, at 52785.00 on Wednesday, July 22.U.S. Trade Representative Greer: Negotiations for the U.S.-Mexico-Canada Agreement (USMCA) may continue into next year.U.S. Treasury Secretary Bessant: The Treasury Department is reviewing some "Wall Street tax products".

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