In October, Hong Kong's CPI rose by 1.4% year-on-year and increased by 2.2% month-on-month.
In October 2024, the overall consumer prices in Hong Kong rose by 1.4% compared to the same month last year, lower than the corresponding increase of 2.2% in September 2024.
The australian dollar and the new zealand dollar are striving to remain stable, with the Reserve Bank of Australia expected to cut interest rates for the first time as early as February next year.
As the US dollar recedes from some of its recent gains, the australian dollar and new zealand dollar remained steady on Wednesday (November 20), having earlier reached a weekly high, with prospects of continuing the upward trend into the fourth trading day. The market is waiting to see whom incoming President Trump will select for Treasury Secretary and how likely this candidate will be in advancing Trump's comprehensive tariff and tax proposals, as the rise of the dollar has paused. The australian dollar continues to receive some support from stable interest rate prospects, as the last minutes from the reserve bank of australia's meeting indicated that the bank remains vigilant about inflationary risks. Analysts at jpmorgan wrote in a report: 'In relation to macro data
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