EUR/USD 1.17772
0.025%
Gold 4465.95
-1.442%
Oil 57.742
1.614%
USD/JPY 156.247
-0.154%
GBP/USD 1.35030
0.001%
GBP/JPY 210.986
-0.151%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On December 29th, Southchip Technology announced that it plans to sign a "Technology Development Licensing Agreement" with Xingzhi Storage Technology (Suzhou) Co., Ltd., entrusting Xingzhi to customize and develop IP compatible with the cooperating manufacturer and its products, and obtaining a perpetual license for the IP products delivered by Suzhou Xingzhi. Suzhou Xingzhi is engaged in the design, research and development, sales and professional technical services of new memory chips and embedded storage IP, and has storage IP development capabilities.On December 29th, the Shanghai Municipal Commission of Commerce and 16 other departments issued "Several Measures on Further Expanding Service Consumption in Shanghai." The measures support "digital+" integration scenarios. They promote the application of digital technologies such as AR and VR with green and low-carbon technologies to create immersive, interactive, and green sustainable diversified service consumption scenarios. Support is also given to the development of integration scenarios such as "technology + tourism" and "technology + cultural heritage." The measures encourage e-commerce platforms to develop instant service consumption models. Furthermore, the measures recommend typical application cases of "artificial intelligence + consumption," and utilize "computing power vouchers, model vouchers, and corpus vouchers" to increase support for large-scale consumer models, creating a number of intelligent integration scenarios.On December 29th, the Shanghai Municipal Commission of Commerce and 16 other departments issued "Several Measures on Further Expanding Service Consumption in Shanghai." The measures emphasize expanding high-level opening-up in the service sector. They call for leveraging pilot policies for expanding opening-up in telecommunications and related digital industries, healthcare and wellness, and commerce, culture, and tourism to attract foreign investment projects in value-added telecommunications, biotechnology, and wholly-owned hospitals. Focusing on the needs of residents daily consumption, the measures also call for orderly expansion of imports of high-quality services such as healthcare and culture, and the organization of international film screenings and exchange and cooperation activities. Furthermore, the measures aim to expand cooperation with globally renowned universities and conduct high-level cooperative education programs.On December 29th, the Shanghai Municipal Commission of Commerce and 16 other departments issued "Several Measures on Further Expanding Service Consumption in Shanghai." The measures emphasize enhancing the internationalization of health consumption. They encourage medical examination institutions to extend their services to specialized disease examinations and pre- and post-examination procedures. The measures promote the application of advanced treatments such as cell therapy and brain-computer interfaces, and advance the clinical use of innovative technologies, drugs, and medical devices. They encourage qualified medical institutions to develop specialized international medical projects. The measures guide the diversified development of the health industry and address shortages in rehabilitation and nursing resources. Support is given to privately-run medical institutions to provide international medical services. Cooperation between medical institutions and commercial insurance companies to conduct direct settlement of commercial health insurance claims is encouraged. Commercial insurance companies are also encouraged to develop health insurance products that align with specialized medical services and cross-border medical insurance products.Kremlin: A phone call between Russian President Vladimir Putin and US President Donald Trump is expected to take place soon.

Once the RBA minutes are made public, it is anticipated that AUD/NZD will once again test the day's low near 1.1110

Daniel Rogers

Oct 18, 2022 14:11

 截屏2022-10-18 上午9.51.22.png

 

The AUD/NZD pair lost its intraday rally after tumbling to roughly 1.1106 during the early session in Tokyo. The Reserve Bank of Australia's (RBA) minutes' release has weighed on the cross. According to the monetary policy minutes from October, concerns about domestic and international growth risks led to the announcement of a rate increase of 25 basis points (bps), which was less than expected.

 

Additionally, RBA policymakers think the central bank has raised interest rates quickly, which could have an impact on household expenditure.

 

Australia has had the lowest unemployment rate in its economic history, at 3.5% during the past 50 years, thanks to a healthy labor market. While core inflation has remained high because of rising service prices, the drop in oil prices has put downward pressure on headline inflation.

 

Moving forward, attention will be focused on the employment statistics for Australia. The consensus predicts that the Employment Change will drop from 33.5k to 25k. At 3.5%, the unemployment rate won't change.

 

The cross declined in early Tokyo after the announcement of higher-than-expected inflation data for New Zealand. The annual Consumer Price Index (CPI) came in at 7.2%, which was much higher than expected but marginally lower than the 7.3% reported in the prior report. While the quarterly inflation rate came in at 2.2%, exceeding both the 1.6% estimate and the 1.7% reading from the previous quarter, it was below the 1.7% figure from the previous quarter.

 

Given that price pressures have not abated as anticipated, it is now more likely that the Reserve Bank of New Zealand (RBNZ) will continue to raise interest rates at the current pace. 3.5% is the Official Cash Rate (OCR).


Suggestion