(1) The Australian dollar was supported by hawkish comments from the Reserve Bank of Australia (RBA) president on Thursday, while government bonds fell as the market increased the likelihood of further interest rate hikes in Australia.
(2) The Australian dollar rose 0.26% to $0.6558 against the US dollar, and was as high as $0.6569 overnight. The Aussie failed to break above the resistance at $0.6590 after USD strength after US jobless claims data and consumer inflation expectations survey showed that the Fed's inflation challenge may not be over.
(3) NZD/USD rose 0.51% to $0.6053 and fell 0.5% overnight to as low as $0.60.
(4) The Japanese and U.S. markets are closed for the Thanksgiving holiday, so liquidity is thin.
(5) The National Development and Reform Commission (NDRC) released information on Thursday that in response to the recent abnormal situation of iron ore prices rising continuously and too quickly, relevant enterprises are required to operate in accordance with the law, and must not engage in excessive speculation and speculation, and must not manipulate the futures market. This has taken some of the luster out of the Australian dollar.
(6) RBA Governor Michele Bullock warned on Wednesday that inflation is increasingly driven by domestic demand rather than transitory supply chain pressures, so a more "aggressive" response to interest rates is needed.
(7) Sally Auld, chief investment officer at JBWere, said, "It's not like a statement from a central bank that has already finished raising interest rates... If you listen to her objectively, you might think that one more hike won't get the job done. Maybe we need more, like twice".
