Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Octa trading broker
Open trading account
Back

S&P Global Ratings: Australian budget won't greatly add to inflationary pressures

Following the release of the Australian Federal Budget, S&P Global Ratings was quick to offer its review on the same.

Key takeaways

“The budget won't greatly add to inflationary pressures.“

“High commodity prices delivering large windfall in Australia budget.”

“Improved fiscal outcomes underpins sovereign rating for Australia.“

“Sharp correction in commodity prices could reverse recent gains in Australia's external accounts and, along with rising interest costs, could present downside to the AAA rating.”

Market reaction

AUD/USD is keeping its range just above 0.6300 on the above headlines. The spot is trading at 0.6310, almost unchanged on the day.

AUD/USD revisits 0.6300 support after Australia unveils Labor's first budget

Australian Treasurer Jim Chalmers presented Labor's first budget on Tuesday, with the key forecasts noted below. Australian govt forecasts CPI at 5.75
Read more Previous

EUR/USD: The hurdle for a return towards the low nearer 0.9550 is high – SocGen

EUR/USD advanced for a fourth day on Monday. If bad news is ‘in the price’, the pair is unlikely to slip back to the 0.9550 low, economists at Société
Read more Next