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Eamonn Sheridan

ForexLive Asia-Pacific FX news wrap: Awaiting the NFP data

Major FX rates traded in subdued ranges for the session here, waiting for the US nonfarm payroll report the excuse du jour. Despite this there were three interesting points to come out of the session. Two of...

The RBA hiked its cash rate this week by 25bp vs 50 consensus – slower pace ahead expected

Westpac revised thier forecast for the Reserve Bank of Australia following the smaller than expected 0.25% rate hike on Tuesday this week. The revisions were soon after the meeting, posting them now ICYMI:The...

Japan’s PM Kishida verbal yen intervention – recent sharp, one-way moves are undesirable

Japanese Prime Minister Kishida talking about the JPY JPY ...

More n Goldman Sachs raising its oil price forecast – OPEC+ output cut ‘very bullish’

This added update is via Reuters:2022 Brent price forecast to $104 per barrel from $992023 forecast to $110 per barrel from $108 raised its fourth quarter 2022 and first-quarter 2023 Brent price forecast...

Reserve Bank of Australia says the risks to financial stability have increased globally

The RBA Financial Stability Review has been published (link is to the full text). Highlight Headlines via Reuters: Financial stability risks have increased globallyMarkets stressed by synchronised policy tightening, geopolitical tension, higher us...

USD/JPY not showing much response to the data, straddling 451

The data on wages and spending are here:Both are disappointing. --Meanwhile USD/JPY popped 145 overnight but has slipped back just a little in morning trade here. Above 145.70 was where we had Japanese...

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