OANDA Senior Market Analyst Kelvin Wong joins Johnny Hart to discuss the week's key economic data and events, particularly the recent resurgence of USD strength (FOMC postponement of federal funds rate cut cycle and impressive US NFP numbers) Discuss what triggered the incident. Downward pressure on the current downturn in stock markets in China and Hong Kong.
Also keeping an eye on the latest monetary policy guidance from Australia's central bank, the RBA, to be released on Tuesday (6 February), market participants expect the RBA to maintain the policy cash rate at 4.35% and the bank's previous Tk. I hope that it will soften the sectarian stance. Rhetoric regarding Australia's inflation trajectory could put further downward pressure on AUD/USD as inflation pressures continue to slow over the past three months. It is also a double blow from the negative feedback loop caused by the bearish situation in the Chin stock market.
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