Institution: AUD/NZD may rebound in the coming months. Jane Foley, foreign exchange strategist of ABN amro, said in a report that AUD/NZD may rebound in the coming months, because the growth momentum of New Zealand's economy is far less than that of Australia. "The weakness of the New Zealand economy and the risk of further sharp interest rate cuts by the New Zealand Federal Reserve indicate that the fundamentals do not support the further performance of the New Zealand dollar against the Australian dollar." The New Zealand Federal Reserve cut interest rates by 50 basis points in November and hinted that it would cut interest rates further in 2025. The Reserve Bank of Australia kept interest rates unchanged on Tuesday. The Dutch cooperative bank predicts that the Australian dollar will rise from the current 1.0991 to 1.12 against the New Zealand dollar within three months.The French CAC40 index fell 1.00% in the day.The dollar index DXY rose nearly 20 points in the short term and is now reported at 106.54.
The Economic Affairs Committee of the Brazilian Senate approved Isabella Correa as the head of institutional relations of the Central Bank.Three giant pandas in Belgium have returned to China. On December 10th, three giant pandas born in Paradise Zoo in Belgium will be sent back to China.The 16th meeting of the Steering Committee for China-Vietnam Bilateral Cooperation was held, and the 16th meeting of the Steering Committee for China-Vietnam Bilateral Cooperation was held in Beijing. Member the Political Bureau of the Communist Party of China (CPC) Central Committee and Foreign Minister Wang Yi co-chaired the meeting with Vietnamese Deputy Prime Minister and Foreign Minister Pei Qingshan, and the heads of many ministries and commissions of both sides and local provinces and regions participated online and offline. Wang Yi pointed out that the two sides should maintain a stable strategic direction, maintain high-level exchanges and counterpart cooperation and exchanges, and jointly enhance their ruling ability. China supports Vietnam's preparations for the 14th National Congress of the Communist Party of Vietnam (CPV) and the socialist road in line with Vietnam's national conditions. We must lay a solid foundation for security, give full play to the "3+3" strategic dialogue between China and Vietnam in diplomacy, national defense and public security, and firmly unite and cooperate to safeguard common interests. It is necessary to promote mutual benefit and win-win, expand two-way trade and investment, build a stable and smooth cross-border industrial chain supply chain, improve the level of infrastructure interconnection and trade and investment facilitation, and strengthen cooperation in emerging fields such as artificial intelligence, e-commerce, digital economy and green development. We should cultivate people-to-people friendship, organize the 75th anniversary of the establishment of diplomatic relations between China and China and the China-Vietnam People-to-People Exchange Year next year, encourage more Vietnamese tourists to travel to Vietnam, and support the opening of flights between the two countries. It is necessary to strengthen coordination and cooperation under the mechanisms of the United Nations, ASEAN and Lanzhou-Mekong cooperation, practice true multilateralism and safeguard the common interests of developing countries. It is necessary to manage differences properly, adhere to bilateral friendly consultations, continue to make good use of the border negotiation mechanism, and promote new progress in maritime cooperation. (Ministry of Foreign Affairs)
The New Zealand dollar fell 1% against the US dollar to 0.5804.Swedish Ministry of Finance: Sweden's priorities in 2025 include growth and productivity.Top fund managers say that Trump's tariff plan is influenced or less than expected by the negotiation strategy. Some of the most influential and powerful fund managers in the world believe that the potential extensive tariffs of US President-elect Donald Trump are only negotiation strategies. This was the key message delivered by Jenny Johnson, CEO of Franklin Templeton, and Anne Walsh, Chief Investment Officer of Guggenheim Partners Investment Management, when they spoke at the event "Women, Money and Power" held by Bloomberg in London on Tuesday. "I think tariffs are still more of a negotiation strategy than the inevitable situation we will see," Walsh said. "I think it will be more targeted." Johnson expressed a similar view, adding that such measures are often "inflationary".
Strategy guide 12-14
Strategy guide 12-14
Strategy guide 12-14
Strategy guide 12-14