Week’s Financial News-22/11/2024
Australia: AUD Slightly Rebounds Amid Hawkish RBA Outlook 🦘💵 The Australian dollar (AUD) saw a modest recovery this week, buoyed by the Reserve Bank of Australia’s (RBA) hawkish tone on future rate policies. 📈💬 Minutes from the RBA’s November meeting emphasized the importance of maintaining restrictive monetary policies to combat inflation risks 📊. While no
Week’s Financial News-15/11/2024
International: Powell Eases Aggressive Rate Cut Expectations, USD Hits 1-Year High 💵📈 On Thursday, November 14, the U.S. Bureau of Labor Statistics reported an uptick in October’s Producer Price Index (PPI). Both year-on-year and month-on-month data exceeded expectations, showing a rebound compared to September. While inflation pressures have eased this year, recent data highlights uneven