EUR/USD 1.16552

USD/JPY 159.329

GBP/USD 1.35902

GBP/JPY 216.518

English
简体中文
繁體中文
Tiếng Việt
ไทย
Indonesia

Subscribe

Real-time News

The China Earthquake Networks Center automatically determined that an earthquake of approximately magnitude 3.1 occurred near Gao County, Yibin City, Sichuan Province (28.53 degrees north latitude, 104.68 degrees east longitude) at 10:34 on August 27. The final result is subject to the official rapid report.Ukrainian authorities say drone debris damaged a vessel near Izmail, Ukraine.On August 27th, Imperial College London issued a press release stating that a candidate vaccine designed to protect against rhinovirus infection has achieved encouraging preliminary results in a Phase 1 clinical trial. Healthy volunteers tolerated the vaccine well, and a single dose generated an immune response against three major types of rhinoviruses. This candidate vaccine, named APL-10456, was developed by Imperial College in collaboration with a biopharmaceutical company. The press release stated that the randomized, placebo-controlled Phase 1 clinical trial involved 144 healthy volunteers. The first phase of the trial evaluated three different single-dose regimens in adults aged 18 to 54, primarily examining the vaccines safety, tolerability, and immune response. The second phase is currently evaluating a two-dose regimen in adults aged 55 and older, with more data expected to be released in the fourth quarter of this year.August 27th - Sources revealed that the Hong Kong IPO price for fast fashion platform Shein (00625.HK) may be set at approximately HK$48.56 per share, slightly higher than the median of the offering price range of HK$47.6 to HK$49.5. Based on the offering price of approximately HK$48.56 per share, Shein will raise HK$13.6 billion. It is understood that the offering price is still under discussion and may be subject to change.On August 27th, Bank of Japan Deputy Governor Ryozo Himino stated on Thursday that timely interest rate hikes would help prevent a sharp rise in inflation, thus preventing a forced, sudden rate increase in the future. Speaking to business leaders, Himino said, "If core inflation deviates from and exceeds our 2% target, it will have an adverse impact on the economy. Compared to the past, we should pay more attention to the upside risks to prices." He added, "Every monetary policy meeting should be conducted in depth from these perspectives."

NZD/USD finds support near 0.6220; a decline appears more probable due to China's Covid concerns

Alina Haynes

Nov 28, 2022 15:04

截屏2022-11-28 上午10.39.08.png

China's anti-Covid shutdown protests have weakened commodity-linked currencies, resulting in a gap-down start of roughly 0.6220 for the NZD/USD pair. During the previous week, the New Zealand dollar dropped after failing to surpass the round-level barrier of 0.6300.

Individuals have taken to the streets in China to demonstrate their opposition against the zero-tolerance policy, leading to a rise in civil unrest. Due to Chinese leader Xi Jinping's conservative posture and authoritarian framework, global markets have become more risk-averse. This has created an economic expansion risk and may worsen the already shaky housing market. Increasing apprehensions about societal risks may also result in political instability, which may have long-lasting detrimental effects on economic structure.

Notably, New Zealand is one of China's most important trading partners, and instability in China could damage the New Zealand Dollar.

In the meantime, the US Dollar Index (DXY) is profiting from investors' liquidity as the demand for safe-haven assets surges. The USD Index is hovering around 106.20 and attempting to reduce volatility as China's anti-locking protests restrict the upside and predictions of a slowdown in the Federal Reserve's larger rate hike cycle limit the downside (Fed).

S&P500 futures are under heavy pressure from market players due to a risk-averse market mentality. In anticipation of Fed chief Jerome Powell's address on Wednesday, yields on 10-year US Treasuries have decreased to approximately 3.68 percent. The Fed Chair's speech could dispel suspicions about a pause to the Fed's current rate-hiking program.