Aussie jumps after inflation data; euro bounces on economic resilience

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Aussie jumps after inflation data; euro bounces on economic resilience

The Australian dollar surged to a more than five-month high on Wednesday after inflation data came in hotter than expected, bolstering the case for further rate increases, while the euro gained on optimism over the euro zone economic outlook.

The Aussie jumped more than 0.The euro held near a nine-month peak against the dollar, as traders weighed a rosier growth outlook for the euro zone sagainst growing signs of a looming U.Australian crypto executives have urged caution over lumping all digital assets in the same boat as financial products, after recent comments from Australia’s assistant treasurer on the matter.EUR/USD bulls take charge on hawkish ECB commentary EUR/USD has been trading near a 9-month high for the best part of the start of the week as the market’s bank on rate hikes from the European Central Bank at the same time that they start to price a less aggressive Federal Reserve.

8% to $0.7108, its highest level since August, after a shock spike in inflation to a 33-year high last quarter spurred bets that the Reserve Bank of Australia (RBA) would need to continue raising rates.recession.”Today’s report should quickly eradicate hopes of an RBA pause in February,” said Matt Simpson, senior market analyst at City Index.He confirmed that the government was on track with its “token mapping” exercise this year to determine which crypto assets to regulate, with a consultation process “to start soon” with the industry, according to a crypto exchange executive.”With higher interest likely coming for Australia, China’s reopening and higher base commodity prices, the Australian dollar could be a tough currency to bet against.66% to $0.” Meanwhile, the kiwi slid nearly 0.2400 and erased a large portion of its daily losses.

6% to $0.Meanwhile, the kiwi slid nearly 0.Source: Australian Labor Party website “I don’t want to pre-judge the outcomes of the consultation process we are about to embark on.6469 earlier in the session and last bought $0.6485, after New Zealand’s annual inflation of 7.6469, after New Zealand’s annual inflation of 7.2% in the fourth quarter came in below its central bank’s 7.[There is a] good argument that they should be treated like a financial product.5% forecast.5% forecast.BTC is set to jump in a calm week as Fed speakers enter the blackout period before the first US central bank meeting this year.

“We think we’ve seen the worst of inflation now, we think inflation has peaked,” said Jarrod Kerr, chief economist at Kiwibank.”We’re expecting the cash rate in New Zealand to peak at 5%, not 5.”We’re expecting the cash rate in New Zealand to peak at 5%, not 5.Speaking to Cointelegraph, blockchain and digital asset lawyer and Piper Alderman partner Michael Bacina cautioned that “a broad approach of classifying a technology as a financial product without a clear and usable pathway to licensing and compliance will likely send even more crypto businesses offshore and create more risk.5%, which is what the Reserve Bank is telling us they’re going to do,” he said, referring to the New Zealand central bank.In other currencies, the euro rose 0.” In other currencies, the euro steadied at $1.05% to $1.Caroline Bowler, CEO of the Australian crypto exchange BTCMarkets, also warned against an “overly prescriptive approach” to regulation.

0894, edging toward Monday’s nine-month high of $1.0927, as a surprisingly resilient euro zone economy and hawkish rhetoric from European Central Bank (ECB) policymakers supported the single currency.0927, as a surprisingly resilient euro zone economy and hawkish rhetoric from European Central Bank (ECB) policymakers supported the single currency.Data on Tuesday showed that made a surprise return to modest growth in January, indicating the downturn in the bloc may not be as deep as feared.Expectations of.Jones said the FTX collapse “puts beyond doubt” the need for crypto regulation.Expectations of.

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Aussie jumps, kiwi slumps after inflation dataThe Australian dollar jumped to a more than five-month high on Wednesday after inflation data came in hotter than expected, while the kiwi slipped after New Zealand’s fourth-quarter inflation rose less than what its central bank had forecast. I wish i get one of those 😔

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