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Japan Slips Into Technical Recession - How Will This Impact the Yen? USD/JPY Analysis
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USD: Dollar can hold its own in a quiet week: The start of the new week sees focus on China's re-opening after its Lunar New Year holiday. Local reports suggest travel and ...
The European Union’s new fiscal framework got only a lukewarm welcome from Scope Ratings, which warned the outcome will probably cut public investment without increasing ...
The U.S. Federal Reserve is expected to cut interest rates later this year and, while that may not be good news for the dollar , some Asian currencies stand to benefit. Higher ...
A look at the day ahead in Asian markets. Trading activity in Asia should return to normal on Tuesday with China back in business following its Lunar New Year break and U.S. ...
The US dollar index has risen over the past seven weeks mostly in a straight line. Yet it formed a shooting star reversal candle around the 105 handle, trend resistance and the ...
Members began by observing that global inflation remained high but that there had been encouraging progress in reducing inflation towards central banks’ targets. Much of the easing in inflation in advanced economies had been due to movements in energy and goods prices. Members noted that global shipping costs had increased recently, partly related to attacks on vessels in the Red Sea. While this posed some upside risk to tradable goods inflation, the increases in shipping costs had been small relative to those seen during the pandemic. Compared with goods price inflation, core services price inflation had continued to ease only gradually in most advanced economies. Rent inflation was yet to show clear signs of easing in many economies. On the other hand, inflation for services other than housing had eased from its peaks, consistent with the gradual easing in labour market conditions and an improvement in the balance of demand and supply for services. However, overall services price inflation remained high relative to pre-pandemic rates. Economic growth had slowed to below-trend rates in many advanced economies in response to restrictive monetary policy settings. This had contributed to progress in returning inflation to target. Members noted that real household disposable income growth was positive in a number of advanced economies, yet consumption growth remained subdued. The United States was the main exception, with relatively firm growth in real incomes and consumption underpinning robust economic growth. post: RBA Minutes: Board Considered Interest-Rate Hike, Saw Pause Case As Stronger - Needed ‘Some Time’ To Be Certain On Inflation Decline post: RBA: FINANCIAL CONDITIONS RESTRICTIVE ON SOME MEASURES, LESS SO ON OTHERS post: RBA: HIGH INFLATION, HIGHER TAX AND INTEREST PAYMENTS HAD WEIGHED ON CONSUMPTION post: RBA: DATA ON LABOUR MARKET, CONSUMPTION HAD BEEN WEAKER THAN EXPECTED