Join Us Wednesday, August 19
Positive momentum points to further upside

AUD/USD holds firm near a two-and-a-half-month high on Wednesday, supported by broad US Dollar (USD) weakness, while technical indicators point to further upside. At the time of writing, the pair trades around 0.7118, up 0.43% on the day, after reaching an intraday high of 0.7129.The US Dollar Index (DXY), which…

Stability-focused BI stance – UOB

UOB economist Enrico Tanuwidjaja notes that Bank Indonesia (BI) kept the BI Rate at 5.75% in August, prioritizing Rupiah and macro-financial stability over growth. Tanuwidjaja highlights BI’s focus on external risk management, use of liquidity and macroprudential tools to support domestic conditions, and a still-tight monetary stance as global uncertainty and capital flow volatility persist.BI prioritizes Rupiah and stability”In her maiden lead, the Acting Governor Damayanti stated that preserving rupiah stability amid heightened global financial…

Finance news

View More

Business

View More

More than 600 bags of frozen dog food are facing a recall after FDA testing prompted by a consumer complaint found salmonella contamination. Connecticut-based Oma’s Pride issued a recall for one lot of Woof Complete Canine Chicken Recipe, the company announced on Monday.A total of 639 bags are affected by…

Markets

View More

Investing

View More