An increase of the indicator value may contribute to the rise in quotes of AUD.
29 September
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Bank of Mexico rate hike cycle could end at 11%
Mexico's central bank (Banxico) monetary tightening cycle is likely to end in the first half of 2023. According to the statement of the Franklin Templeton executive, the benchmark interest rate in the Central Bank of Mexico could reach 11%.
9 December 2022
EU’s gas price gap mechanism may lead to negative consequences and increase volatility
The European Central Bank (ECB) stated that the current design of a “market correction mechanism” needs to be revised, as it could put the financial stability of the eurozone in danger.
9 December 2022
ECB is set to raise rates by 0.5% on December 15
The European Central Bank (ECB) is likely to push interest rates higher by 50 basis points next week. A Reuters poll suggested that the hike comes despite the economy sliding into recession.
9 December 2022
ECB will receive 333 billion euros as part of cheap credits’ repayment this month
A survey of economists showed that this month the banks will provide the ECB the same opportunities to pay out the long-term credits as it was in November. The 12 respondents forecasting the return of liquidity showed a value amounted to €333 billion.
9 December 2022
Yellen: U.S. is on the right track and can avoid recession
U.S. Treasury Secretary Janet Yellen believes that the U.S. economy can avoid a recession. On Thursday, she said that the currently missing wage-price spiral and the loosening of supply chain bottlenecks could contribute to this.
9 December 2022
Heavy crude oil discount widened following Keystone pipeline closure
A significant widening of Western Canada Select (WCS) crude oil's discount to the benchmark West Texas Intermediate (WTI) was observed yesterday due to a leak from the Keystone pipeline and its subsequent closure.
9 December 2022
U.S. heading into short and shallow recession
According to economists polled by Reuters, the U.S. may find itself in a short-term shallow recession. The survey was conducted on December 2–8. The poll has also shown that there is a 60% probability of a recession next year.
9 December 2022
Gold hovers in a narrow range ahead of US inflation data
Gold is trading in a narrow range just below $1,800 on Friday as investors await US inflation data. Bullion prices were expected to close slightly lower this week.
9 December 2022
Low inflation in China leaves room for stimuli
In November, the producer price index in China decreased by 1.3% compared with the previous year. Economists polled by Bloomberg were speaking about a 1.5% decrease.
9 December 2022
Recession fears could support dollar in 2023
An incredible run of the US dollar distracted attention from other foreign currencies and added to the year’s few winning trades. In addition, a strong dollar opened the door to strong corporate profits. Despite the fall of the dollar in recent weeks, it could keep rising on recession fears in 2023.
9 December 2022
