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30 May 2024

RBA’s Hunter: Agree with the Treasury forecast on inflation

Reserve Bank of Australia (RBA) Chief Economist Sarah Hunter said early Thursday that “we agree with the Treasury forecast on inflation.”

Additional comments

CPI confirmed there was strength in some price sectors.

The RBA Board is clearly focused on inflation staying out of the band, clearly there is strength in inflation.

Wages growth in around its peak.

Market reaction

AUD/USD was last seen trading at 6607, down 0.06% on the day.

May 30, 2024

PBOC Deputy Govermor: Wil ensure stable growth and risk prevention

People’s Bank of China’s deputy governor said on Thursday that they “will coordinate the relationship between short-term tasks and long-term goals, stable growth and risk prevention, and internal and external balances.” Additional quotes Will accelerate implementation and effectiveness of relending facility for science and technology innovation.
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May 30, 2024

Japanese Yen appreciates as traders bet on another rate hike by BoJ

The Japanese Yen (JPY) snapped recent losses on Thursday, spurred by comments from Bank of Japan (BoJ) board member Seiji Adachi on Wednesday.
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