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28 January
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Japan spent record-breaking $42.8 billion to bolster yen in October
The Japanese government spent a record-breaking $ 42.8 billion on propping up yen by conducting currency interventions in October, as reported by the finance ministry.
1 November 2022
The Fed is to raise rates again by 0.75%, but further steps will be softer
On Wednesday, the fourth meeting of the Fed will be held, within which yet another benchmark rate hike by 0.75% is expected. Further, according to forecasts, the central bank might soften its so-called “hawkish” position and slow down the pace of hikes.
1 November 2022
RBA interest rate hike by 25 bps corresponds with market expectations
Australia's central bank raised its interest rate by 25 basis points for the second month in a row while revising its inflation forecast. The RBA said a further tightening is also likely to be necessary.
1 November 2022
Dogecoin soars amid hopes for Twitter integration
According to CoinTelegraph, the price of the cryptocurrency Dogecoin has changed significantly in the last week. After the acquisition of Twitter by Elon Musk, the price increased, thus, taking the eighth position in the world ranking of cryptocurrencies.
1 November 2022
ECB needs to shift policy gradually amid crisis
Ignazio Visco, the current governor of the Bank of Italy, says the European Central Bank (ECB) should curb inflation in a planned manner, anticipating the risks faced by the Eurozone.
1 November 2022
Gold price decline continues amid rising interest rates and dollar recovery
The dollar rebounded ahead of a widely anticipated Fed interest rate hike, which led to gold prices declining. The US interest rates are at their highest levels since the 2007–2008 financial crisis.
1 November 2022
Goldman strategists expect 0.25% Fed rate hike in February and March 2023
Analysts at Goldman Sachs predict that the federal funds rate will peak at 4.75-5%. In addition, a new increase of 25bp is expected in March 2023. In total, Goldman Sachs advocates a November increase of 75bp, a December increase of 50bp, and subsequent steps of 25bp in both February and March.
1 November 2022
Russian ruble stabilizes after Russia suspends participation in Black Sea grain deal
According to Reuters, the Russian ruble has reduced its losses after Moscow said at the weekend that it would suspend its participation in a historic grain deal in the Black Sea.
1 November 2022
Heads of online store and information systems leave Apple
Several Apple Inc executives involved in the retail online store and information-systems divisions left their posts.
1 November 2022
India's Appario to stop selling on Amazon
Appario will stop listing items on the shopping site. The U.S. company made this announcement after facing accusations from regular retailers that it had given preferential treatment to this seller.
1 November 2022
