Indonesia’s outgoing government recently submitted a 2025 budget plan to parliament, signaling a commitment to maintaining fiscal prudence under the next president. The budget proposal, prepared by ministers under outgoing President Joko Widodo and president-elect Prabowo Subianto’s economic team, aims for a narrower deficit of 2.53% of GDP next year, compared to this year’s expected
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The NZD/JPY currency pair has experienced a slight increase, reaching 89.30 and testing the 20-day Simple Moving Average (SMA). This movement indicates a potential shift in the market dynamics. Technical Indicators Analyzing the technical indicators, we observe that the Relative Strength Index (RSI) is hovering around 50. This suggests a neutral sentiment among traders. Additionally,
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The content provided on financial websites often includes general news, personal analysis, and opinions intended for educational and research purposes. However, it is concerning that these articles may not always be clear in stating that they are not giving specific recommendations or advice. This lack of clarity can lead readers to make hasty financial decisions
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According to People’s Bank of China Governor Pan Gongsheng, China’s financial risks have significantly decreased, including risks stemming from local government debt. Pan emphasized that the central bank will collaborate with the Ministry of Finance to ensure that China achieves its annual growth targets. Despite the positive outlook, Pan asserted that monetary policy would continue
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The US Dollar (USD) experienced a decline following the release of the University of Michigan’s Consumer Sentiment Index figures and softer-than-expected housing market data. Markets remain confident about a potential rate cut by the Federal Reserve in September. However, the data suggests that the US economy is maintaining growth above trend, leading to an overestimation
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Moody’s recent warning about the potential impact of regulatory investigations on wealth managers’ credit ratings has sparked concerns in the financial industry. The threat of a ratings downgrade could have significant repercussions for firms like Morgan Stanley and Wells Fargo, impacting their ability to borrow at favorable rates and ultimately increasing their costs of operation.
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