Goldman Sachs strategist: Long-term high US interest rates will have the biggest impact on the Swedish krona, Australian dollar, and Canadian dollar

Goldman Sachs strategists said that the Swedish krona, Australian dollar, and Canadian dollar are the most vulnerable to long-term high US interest rates. They said that, like the yen, these currencies have also been hit hard against the US dollar since April because the real interest rate curve steeped as expectations of US interest rate cuts were delayed.

環球市場播報12:07 ET

European economy grew 0.3% in the first quarter showing signs of recovery

On the evening of the 9th, Beijing time, official European data showed a slight recovery in the European economy in early 2024. Compared to the last three months of 2023, the European economy grew 0.3% month-on-month in the first quarter of this year, as the burden of inflation on consumers eased, and the German economy, which had previously stagnated, began to show signs of moderate recovery. Germany is the largest economy on the European continent. Eurostat's economic growth rate in the first quarter was the strongest since the third quarter of 2022, according to official data released by Eurostat on Tuesday. The Eurozone economy shrank in the last two quarters of 2023

環球市場播報May 9 10:36 ET

Australian Government Walks Fine Budget Line With RBA Primed to Hike

The question on the lips of the governor of the Reserve Bank of Australia, Michele Bullock, will be how much of that revenue will flow back into the economy by things like added measures aimed at easing a cost-of-living surge for consumers.

WSJMay 8 22:31 ET

ECB Governing Council Wunsch: Inflation prospects are still at risk

European Central Bank Governing Council member Pierre Wunsch still believes consumer prices are at risk, including weakening the euro if the Eurozone's monetary policy deviates too far from the US. Although the Eurozone may start cutting interest rates this year, the Belgian central bank governor is urging caution. He said there are still significant risks to the wage growth trajectory and inflation in wage-intensive services. “This is not the time to commit to a defined course of action,” he said. Speaking at the Central Bank Center in Frankfurt on Wednesday, Wunsch said, “One known unknown factor is still the influence of exchange rates and

環球市場播報May 8 09:58 ET

AUD/USD is lower, and the RBA's firm stance clashes with unsettling inflation expectations

The Reserve Bank of Australia kept interest rates unchanged, which surprised the market. Facts have proven that inflation is stubborn, and the level of inflation is expected to remain high until 2025.

FX678 FinanceMay 8 05:57 ET

German Industry Won't Help Economic Growth in Coming Months -- Market Talk

German industrial production might continue to weaken in the coming months, with incoming orders still subdued, before a mild recovery in the second half of 2024, according to Commerzbank economist Ralph Solveen.

WSJMay 8 05:47 ET