An increase of the indicator value may contribute to the rise in quotes of AUD.
29 September
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Dollar stopped falling after Powell talked about the need for further rate hike
On Wednesday, the dollar rate changed after the speech of the head of the Fed Jerome Powell. According to the Fed’s forecasts, in 2023, the borrowing costs will increase at least by 75 basis points.
15 December 2022
Japan’s trade balance deficit continues to exceed forecasts, as the yen rises
Last month, Japan’s trade balance deficit decreased less than it was expected. The impact of a weaker yen has extended to the country’s imports. In November, the actual deficit was 2.03 trillion yen.
15 December 2022
Fed talks about further rate hikes, but the market thinks otherwise
At the moment, there are significant contradictions in the assessment of the U.S. Federal Reserve (Fed) actions. On the one hand, Fed’s Chair Jerome Powell is talking about further raising interest rates and fighting inflation.
15 December 2022
Swiss National Bank raised rate by 50 basis points
The Swiss National Bank raised its policy rate by 50 basis points on Thursday. It is the third increase this year in terms of curbing inflation. Interest rates in Switzerland are at their highest level since the global financial crisis 14 years ago.
15 December 2022
ECB is about to slow its pace of rate hikes and present plans on QT
As expected, the European Central Bank is going to increase its rates once again on Thursday. This would become the fourth successive hike, although in December a smaller increase is suggested to be delivered.
15 December 2022
Australia imposes cap on gas prices despite industry protests
Australia’s officials decided to cap its domestic gas price, even with energy exporters speaking out against the new law. Such measures are aimed at bringing down rising power bills.
15 December 2022
Loan repayments in Canada are now higher than at the Bank of Canada rate of 13%
According to economist David Rosenberg, consumer debt payments in Canada are much higher today than in 1990. Interest rates were perceptibly higher at that time, a signal that the debt burden in the economy was extremely high.
15 December 2022
Japan's ruling party considers raising taxes
Japan's ruling Liberal Democratic Party is considering raising taxes. It plans to increase taxes on corporations, personal income and tobacco products from 2024 or later.
15 December 2022
Bill Ackman: Fed won't meet inflation target without deep recession
Bill Ackman, founder and CEO of Pershing Square Capital, said it would take a severe, job-eliminating recession. After that, inflation could return to the 2% level, what is considered to be the Fed's long-term goal.
15 December 2022
Applications for home purchases in the U.S. are rising as mortgage rates remain stable
Loan costs are stable at their lowest level in nearly three months. This caused the increase in U.S. home purchase applications
15 December 2022
