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ForexLive Asia-Pacific FX news wrap: Australian headline CPI dips into target band (but …)
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ECB’s Schnabel is speaking on Wednesday
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Australian inflation data earlier “close but no ….” rate cut
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Bank of Japan Policy Meeting Preview – Don’t Hold Your Breath for a Hike
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Australian inflation data – what could drive a December Reserve Bank of Australia rate cut
An out of consensus idea from Dr Shane Oliver, Chief Economist and Head of Investment Strategy at AMP in Australia.Oliver says there is still a prospect of a December 2024 rate cut from the RBA:Oliver's 'base case' is for a February 2025 rate cut from the Reserve Bank...
Bank of Canada Governor Macklem and Deputy Rogers are speaking again on Wednesday
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PBOC sets USD/ CNY mid-point today at 7.1390 (vs. estimate at 7.1398)
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AUD/USD little changed after the Australian inflation data – minor wobble
The Australian inflation data came in around expectations, and not enough to move the needle on RBA rate hikes:You'll see in that data post that the monthly reading was a very nice 2.1%, but it's the quarterly, headline 2.8%, core 3.5%, that is (are) the official...
Australian Q2 inflation headline 2.8% y/y (expected 2.9%)
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PBOC is expected to set the USD/CNY reference rate at 7.1398 – Reuters estimate
People's Bank of China USD/CNY reference rate is due around 0115 GMT.The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate...
UK budget: Commerzbank analysts optimistic about long-term growth potential
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Eastern Japan exits “zero nuclear power plants” – Onagawa 2 shut in 2012, restarted now
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US election – Women are far outpacing men in voting early.
I'd noted this info on Monday but now the pundits are picking it up. POLITICO is a US politics website. In brief:Across battlegrounds ... Women account for roughly 55 percent of the early vote, while men are around 45 percent, according to a POLITICO analysis of early...
Goldman Sachs forecast gold to climb higher than previously expected, target $2,900 /ounce
Goldman Sachs Research anticipates a bullish outlook for gold, projecting prices to reach $2,900 per ounce by early 2025, up from a prior forecast of $2,700. This optimism is largely attributed to a surge in gold purchases by central banks, especially in emerging...
US jobs report Friday “will likely be messier than usual … recent hurricanes and strike”
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US oil and gas production climbed to record highs under Biden, this election won’t impact
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Recent surge in US mortgage rates a taste of what’s to come
Mark Zandi is chief economist at Moody's Analytics.On the reasons for steeply rising interest rates he cites:strong economyhigher tariffs, immigrant deportations, and deficit if Trump elected***Given the super-heated pre-election environment in the US Zandi has come...
ICYMI – Japan economy minister Akazawa warned on impacts of a weak yen
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Chair Schlegel – Swiss National Bank could cut interest rates further in coming quarters
Swiss National Bank Chairman Martin Schlegel spoke on Tuesday:"In the coming quarters, further interest rate reductions could be needed to maintain price stability in the mid-term""The good news is that our inflation forecasts show inflation in the area of price...