ECB’s Holzmann Uncertain About Rate Peak
ECB’s Holzmann Uncertain About Rate Peak The European Central Bank (ECB) finds itself at a pivotal juncture as it grapples with the question of whether it has already reached the peak in its borrowing costs. Governing Council member Robert Holzmann, known for his hawkish stance, has emphasized that the central bank’s path forward remains uncertain […]
China’s Growth Target Uncertain as Economists Lower Forecasts
China’s Growth Target Uncertain as Economists Lower Forecasts China’s economic growth target of approximately 5% for this year is teetering on the edge, as indicated by the latest Bloomberg survey. The ongoing property crisis adds a layer of risk to achieving this target. According to a recent Bloomberg survey of 78 economists, the Chinese economy […]
AUD Holds Above Monthly Low Amid Strong Inflation Data
AUD Holds Above Monthly Low Amid Strong Inflation Data Despite robust inflation data from Australia, the Australian Dollar (AUD) is struggling to gain ground against the US Dollar (USD), as risk aversion and falling commodity prices hinder its ascent. The AUD/USD pair is hovering perilously close to its monthly low, and the dynamics at play […]