The Australian dollar hit a four-week high against the US dollar in the first session of the week

The Australian dollar rallied during the Asian session to see its fourth session rise in six sessions since its lows since January 9, 2017 against the US dollar following a conference of the Bank's Governor. Australia Michael Pollock on Financial Technologies and Payment Regulation. Bond for Fentech in Shanghai and amid a lack of economic data by the Australian economy and its US counterpart earlier this week.

At 21:18 GMT, the AUDUSD rose 0.39% to 0.7459, compared to the opening levels of 0.7430 after the pair reached its highest level since June 15th at 0.7462. While the lowest level during the session at 0.7427.

On Sunday, we talked about the Australian economy with the Deputy Governor of the Central Bank of Australia, Michelle Bullock, at the Bond Summit on Fintic, on financial technology and payments regulation. The theme of the summit is new funding, new technology and new trends.

Pollock also stated that the summit theme reflected the industry's current stimulus, saying it was a difficult time for regulators wanting to encourage innovation, while ensuring that the systems payment methods remain safe for users. Level before facing the challenges facing those who are industrialized and how the point of view of Central Australia.

The regulatory framework of the Australian Payments and Basic Services Center which constitutes the payments is as follows: Australia's payment system, the strong formation of retail payments and the implications of the payment system of Australia. detail. In particular, the logical question is: what are the implications of policy and regulation?

In conclusion, Pollock said that the challenges of balancing innovation and organization lie in the efficiency of the payment system, security, flexibility and financial regulation, explaining that retail payments evolve quickly. The awareness of regulators in Australia and other countries encourages them to innovate, as regulators need to keep pace with this rapidly changing world and its effects on the system's efficiency and integrity. of payment. cs (d) {var js, id = & # 39; facebook-jssdk & # 39 ;; if (d.getElementById (id)) {return}} js = d.createElement (& # 39; script & # 39;); js.id = id; js.async = true; js.src = "http://connect.facebook.net/ar_AR/all.js#appId=&xfbml=1";d.getElementsByTagName('head')[0].appendChild(js); } (document)); [ad_2]
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