Australia TD-MI Inflation Gauge (YoY): 3% (October) vs 2.6%
Australia TD-MI Inflation Gauge (YoY): 3% (October) vs 2.6% Source link
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Australian Dollar gains ground after rate cuts in China, remarks from RBA Hauser
The Australian Dollar appreciates following the PBoC’s rate cuts on Monday. The PBoC has reduced the 1- and 5-year Loan Prime Rate to 3.10% and 3.6%, respectively. The Aussie Dollar appreciated as domestic upbeat labor data has lowered the odds of the RBA’s rate cut this year. The Australian Dollar (AUD) extended its winning streak…
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Australian Dollar appreciates due to fading likelihood of RBA rate cuts, awaits China GDP
The Australian Dollar rises as the solid employment data diminish the odds of RBA’s rate cuts in 2024. China’s Gross Domestic Product is expected to report 4.5% growth YoY in Q3, compared to the previous 4.7% reading. The US Dollar received support from a solid US Retail Sales report, fueling the likelihood of the Fed delivering…
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Monochrome to Launch Australia’s First Spot Ethereum ETF
Monochrome Asset Management is preparing to launch Australia’s first spot Ethereum exchange-traded fund (ETF) on the Cboe exchange following the asset’s approval in the U.S. market. The Monochrome Ethereum ETF (IETH), which will begin trading on Monday, October 14, offers Australian investors a new way to access the cryptocurrency. Details Of The New Offering “Monochrome…
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Dollar Hits 10-week High Against Yen as Fed Bets ebb Ahead of CPI: Report – Equitypandit
October 10, 2024October 10, 2024 On Thursday, the value of the U.S. dollar compared to the Japanese yen reached its highest point in 10 weeks before decreasing as investors gained confidence in the Federal Reserve’s careful approach to making further changes to the money supply. The dollar index, which…
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Australians considered “easy prey” for crypto scam call centers – CoinJournal
Call centers avoid targeting Americans because they didn’t want the FBI after them Australians are targeted because the AFP is less likely to go after the scammers A former call center worker in Ukraine said Australians were targeted in crypto scam calls because they were perceived as “easy prey.” As a new migrant to Ukraine,…
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Australia Imports (MoM) up to -0.2% in August from previous -0.8%
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Chainlink Partners With Australian Bank ANZ in RWA Tokenization Initiative
On Sept. 30, Chainlink Labs announced that it was officially partnering with ANZ, a leading Australian bank with over $750 billion (more than a trillion AUD) in assets under management. The partnership is part of the Singaporean central bank’s (Monetary Authority of Singapore) Project Guardian. Chainlink will help enable the secure cross-chain exchange of tokenized…
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Sunset Market Commentary – Action Forex
Markets Trading slowed down to a trickle today in absence of US investors (Labour Day holiday) and amid an empty EMU eco calendar. A lot of ink has been spilled about this week’s key US eco data and their impact on markets and Fed policy. It allows us to have a look at this week’s…
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Aussies Lose $122 Million to Crypto Scams, With Younger Victims Now Leading
Australians reportedly lost at least AUD 180 million (approximately $122 million) to cryptocurrency investment frauds over the past year. Victims under 50 now make up around 60% of scam reports, overtaking older Australians, who are typically considered more vulnerable to such projects. Crypto-Based Investment Scams in Australia The data, gathered by the Australian Cyber Security…
