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June 21, according to the United Nations High Commissioner for Refugees, more than 4 million Afghans who fled the war live in Iran. But the war between Israel and Iran has raised security concerns, forcing some Afghans to return to the country they left decades ago. "The war has changed everything. As the violence got closer, we feared for our lives and had no choice but to leave early," said Nasima Ghaffari, who returned to Afghanistan. "Now we are back in our country, and we have nothing when we return - no money, no home, only uncertainty." Its not just Afghans who are fleeing, hundreds of Pakistanis also cross the border into Pakistan every day.June 21 news: On June 20, Iran and Israel took their own actions in the diplomatic field, and the leaders of Russia and the United States made opposite statements on the Iranian nuclear issue on the same day. Putin said that Russia is ready to support Irans development of peaceful nuclear energy, and there is no evidence that Iran is suspected of intending to obtain nuclear weapons; Trump said that Iran is only "weeks or months" away from making nuclear weapons, and the US intelligence agencys claim that there is no evidence that Iran is making nuclear weapons is wrong.On June 21, the U.S. Senate is considering a major change to federal fuel economy regulations, which could hit a policy that has significantly reduced gasoline consumption and promoted the development of fuel-efficient cars such as Toyotas Prius hybrid. As part of Trumps broad tax and spending bill, Republican senators proposed changing the Corporate Average Fuel Economy (CAFE) rules. If passed, the proposal would eliminate fines for violating CAFE and nearly abolish regulations that have pushed automakers to produce cleaner, more fuel-efficient cars for generations. According to Energy Policy magazine, this technology has saved 2 trillion gallons of gasoline in the past 50 years.Iran reported that Israel attacked an Iranian Revolutionary Guard base in Isfahan in western Iran.In Irans southwestern province of Khuzestan, explosions were heard in Ahvaz and Mahshahr.

The AUD/USD pair recovers from 0.6670 as Australian inflation falls to 6.9%

Daniel Rogers

Nov 30, 2022 15:31

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After the Australian Bureau of Statistics published a monthly decline in the Consumer Price Index, AUD/USD bids approached 0.6670. The Australian CPI came in at 6.9%, which is lower than the 7.4% expected and the 7.3% previously reported.

 

It is not anticipated that a fall in Australian inflation will compel the Reserve Bank of Australia (RBA) to forsake its present 25-basis-point rate-hiking policy. Previously, the market anticipated that RBA Governor Philip Lowe would return to a 50 basis point rate hike structure in anticipation of a price inflation index increase.

 

This week, the Australian Dollar has been volatile due to China's protests about the Covid limitations set to battle the epidemic. People are upset and disappointed as a result of the zero-Covid policy's prolonged limitations on the movement of people, materials, and apparatus.

 

As the number of Covid instances climbed, the Chinese city of Zhengzhou, home to Apple Inc.'s largest production site in China, has lifted the lockdown of its major urban areas imposed five days ago. As China's most significant trading partner, the headline may encourage the Australian Dollar.

 

The US Dollar Index (DXY) has pushed its auction profile above the critical 106.80 mark during the Asian session. As investors have been anxious in anticipation of Jerome Powell's first speech as chairman of the Federal Reserve (Fed), the theme of risk aversion remains intact and may persist. This will provide crucial signals about the likely monetary policy action in December.

 

Other significant triggers, such as US Automatic Data Processing (ADP) Employment, Gross Domestic Product (GDP), core Personal Consumption Expenditures (PCE), and the Federal Reserve's Beige Book, will also be examined closely.


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