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Vault49 Launches 'Uniquely Bahamian' Design for Ricardo Rum's New RTD Line

Leading consumer groups and getting involved in taste tests during the product development phase, Vault49 uncovered what it really means to be ‘Uniquely Bahamian’




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New California Wine Touts Eco-Friendly Lightweight Bottle, Wash-Off Label

Flycatcher, the new California red wine from Frog’s Leap, comes in an ultra-lightweight glass bottle and features a wash-off label, among the first of its kind for California wine that enhances recyclability.




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Diageo set to trial paper-based bottle for Johnnie Walker Black Label

Created in partnership with PA Consulting, as part of the Bottle Collective with PA and PulPac, this is Diageo’s first paper-based 70cl bottle trial in the on-trade.




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Steriline to Showcase Robotic Vial Filling & Capping Machine at CPHI Milan

This cutting-edge machine is poised to attract pharmaceutical professionals and companies eager to enhance production efficiency and maintain compliance with stringent industry standards.




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The “Can-Do” Spirit of Brazilians

The country famous for samba, Carnaval and world-class soccer also has an extremely impressive recycling rate for aluminum cans of approximately 99%. That’s higher than the estimated recycling rates for South America as a whole (92%), Europe (76%) and North America (55%).




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Bradman Lake secures equipment spot at Diamond Bakery

The partnership was formed after Bradman Lake's advanced equipment caught the attention of Diamond Bakery executives at a recent trade show.




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Suzano to purchase two U.S. industrial facilities from Pactiv Evergreen

Assets will add approximately 420,000 metric tons of integrated paperboard to Suzano’s annual production capacity.




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SEA-TAC Airport Moves to All Reusable or Compostable Foodservice Materials

New tenant requirement sets foodservice-ware standards that aim to reduce waste.




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Norwegian Cruise Line Debuts Reusable Serveware for In-Room Breakfast

This new serveware, designed to work well in fast-paced food service environments, will replace traditional porcelain dishes for in-room breakfast service.




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KYSU Launches New Packaging Made from Recycled Materials

By offering consumers the option to reuse the packaging, the company addresses the urgent issue of plastic pollution in the United States while providing convenient storage solutions.




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Coca-Cola India Launches 100% rPET Bottles for Carbonated Beverages

The bottles have an on-pack call to action "Recycle Me Again" message and will also drive consumer awareness with "100% recycled PET bottle" displayed on the pack.




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Coca-Cola Partners with U.S. Pizzerias to Offer Slices in Exchange for Recycling Bottles

Coca-Cola first launched bottles made from 100% recycled plastic in 2021 across California, New York, and Texas and was a first-of-its-kind innovation for the brand in the United States.




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Industrial Physics report suggests more talk than action on innovative packaging

In a period where budgets are extremely tight and layoffs are being made, many companies find it difficult to justify assigning resources to innovation.




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Piab Announces Release of Two New Suction Cup Products

 The two products are designed to properly handle eggs and various fruits, respectively. 




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Eco-Friendly Produce Packaging: A Cornucopia of Innovation

This story explores recent innovations making produce packaging more eco-friendly. But first, let's take a broader look at the produce packaging market.




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Piab Strengthens its Grip on Palletizing with the LBG-50

An unavoidable challenge when defining a new bag gripping system in a palletizing line is to get the exact measurements to align with the conveyor rollers for a smooth lifting and releasing process. Furthermore, additional solutions may have to be considered.




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ORBIS Introduces 60×48 Industrial Pallet for EV, Powertrain Applications

Manufactured through a process of Structural Foam Injection, the pallet boasts exceptional durability and reliability, making it an optimal choice for use within the industrial and automotive sectors.




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Ultimation Industries Launches Specialty Automated Delivery Systems

Ultimation Industries LLC, a leader in conveyor technology and automation, has launched a new range of specialty automated delivery systems for the e-commerce and automotive industries. The specialty systems build on Ultimation’s success in providing conveyors for sequenced tire and wheel assemblies that can be directly unloaded from the trailer to the plant’s assembly line.




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Piab’s Vacuum Conveying Changeover Champion

Machine learning in the new, unique piFLOW p SMART aims to take vacuum conveying to a new level.




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New Recyclable Mono-Material Meat Tray

The new tray from Waddington Europe does not require a polyethylene layer or adhesive coating.




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Greece’s Flexopack to Open Manufacturing Facility in Pennsylvania

Facility will expand the company’s packaging product manufacturing footprint into the United States, including its role as the primary packaging supplier for Pennsylvania-based poultry company Bell & Evans.




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Digitec Galaxus AG Orders 40 Workstations with Logivations Artificial Intelligence Software

Logivations W2MO uses neural networks running on a GPU, which can "learn" certain patterns so that goods can be automatically recognized, counted and/or measured.




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FlexXray Opens Foreign Material QA Hold Resolution Facility in South Carolina

The new facility features technology that expands the company’s ability to provide dependable inspection and QA Hold resolution services with shorter shipping times and reduced freight charges to the Southeast region.




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Ishida Leak Detection System Provides Crucial Quality Checks for Tortilla Pro

The tortillas are made without preservatives but have a shelf life of six months thanks to their protective carbon dioxide and nitrogen atmospheres – provided that the thermoformed packaging is absolutely airtight.




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From Wine to Tortillas: Inspection, Detection, and Vision Systems Play Crucial Role

Reporting by Packaging Strategies over the last several months reveals the innumerable applications of inspection/detection/vision equipment.




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Industrial Physics acquires Torus Group, expanding packaging measurement services

Torus Group, known for its strong portfolio in measurement for metal and rigid packaging in the food and beverage industries, has recently expanded into plastic packaging and medical devices.




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Afinia Label Unveils X350 Digital Roll to Roll Press for High-Volume Label Printing

The X350 is designed with large ink tanks, each holding 2L of CMYK ink, enhancing operational efficiency and reducing the need for frequent refills.




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LEIBINGER's IQJET Industrial Printer Earns Gold German Innovation Award

The interdisciplinary expert jury of the German Design Council awarded IQJET in the category "Excellence in Business to Business: Machines & Engineering" with the Gold German Innovation Award.




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Giave, Novaflex to Showcase New Flexo Printing Technology at Labelexpo Americas

New Mid-Web flexo press without solvents for flexible packaging is suitable for indirect food contact, cosmetics, pharmaceuticals, shrink sleeve and in-mold labels, and can also be configured for folding cartons and paperboard.




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Marriage in Early Virginia Indian Society

What is known of marriage in early Virginia Indian society is limited to the observations of Jamestown colonists, visiting English observers, and later American historians, and is mostly applicable to the Algonquian-speaking Powhatans of Tsenacomoco, a paramount chiefdom of twenty-eight to thirty-two groups living in Tidewater Virginia. Marriage was crucial for survival in Indian society, because men and women needed to work as partners in order to accomplish their many daily and seasonal tasks. The man initiated courtship and looked for a woman who would perform her assigned tasks well. The woman could decline a marriage offer, but if she did choose to accept it, her parents also needed to approve the offer. The groom's parents, meanwhile, paid a bridewealth, or marriage payment, to the bride's parents to compensate them for her lost labor. Men were allowed to have additional wives, so long as the husband could afford to provide for them; for chiefs especially, these wives served as symbols of wealth. It is estimated that the paramount chief Powhatan (Wahunsonacock) had as many as one hundred wives during his lifetime. While a man's first marriage was expected to last for life, additional marriages were likely negotiated for shorter terms. Unless a woman was married to a chief, she was allowed to conduct extramarital affairs, provided she had her husband's permission (which was usually given). Punishment for dishonesty on this score could be severe, however. Virginia Indians held onto their marriage traditions long after contact with the English, and marriage between Indians and the English was rare.
Thu, 29 Oct 2020 17:44:08 EST




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Languages and Interpreters in Early Virginia Indian Society

Early Virginia Indians spoke dialects of Algic, Iroquoian, or Siouan, three large linguistic families that include many of the more than eight hundred indigenous languages in North America. Among Virginia's Algic-speakers were the Powhatan Indians, who lived in the Tidewater and encountered the Jamestown settlers in 1607. Little is known of their language—a form of Algic known as Virginia Algonquian—although Captain John Smith and William Strachey both composed influential vocabulary lists. The Nottoways and the Meherrins lived south of the James near the fall line and spoke Iroquoian. Although the Meherrin language was never recorded, it has been identified as Iroquoian based on geography. In 1820, John Wood interviewed the elderly Nottoway "queen" Edie Turner and created a word list that eventually was recognized as Iroquoian. Virginia's Siouan-speakers, meanwhile, largely lived west of the fall line and included the Monacans, the Mannahoacs, and the Saponis. Many Virginia Indians, encouraged by the requirements of trade, diplomacy, and warfare, spoke multiple languages, and when the English arrived, they and the Powhatans eagerly exchanged boys to learn each other's language and serve as interpreters. By the twentieth century, most if not all Virginia Indian languages had become extinct, meaning that no native speakers survived. In 2005, the Terrence Malick film The New World presented a form of Algonquian based on the Smith and Strachey lists and the work of the linguist Blair Rudes.
Thu, 29 Oct 2020 18:20:19 EST




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Women in Colonial Virginia

The record of women in colonial Virginia begins with Native Americans and gradually includes European and African women. The experiences of these women differed widely depending on their ethnicity, their status, and the gender roles defined by their culture. In the colony's early years, survival, not tradition, influenced the roles of men and women, whether white or black, free or unfree. Planters' wives, indentured servants, and slaves labored in the tobacco fields alongside one another, while an unmarried woman with land could engage in business the same way a man might. As Jamestown grew from a fortified outpost into the capital of a permanent colony, colonists began to envision a stable society based on the patriarchal system they had known in England, where men held authority over their wives, children, and other dependents. But the uneven sex ratio, the scattered nature of settlement, the high mortality rate, and frequent remarriages made the transfer of such ideas difficult, if not impossible. Historians agree that a society with less emphasis on gender roles gradually ceded to the traditional patriarchal system, but the exact timing of this change is not entirely clear. By the mid-seventeenth century, the colony's lawmakers began to use ideas about gender and race to codify two distinct roles for Virginia women: the so-called good wife, typically free and white, who performed domestic work in her home and raised her children; and the agricultural laborer, typically enslaved and black. By the end of the seventeenth century, members of the planter elite had separated themselves from the rest of Virginia's residents with their landed wealth, enslaved laborers, and wives who managed their homes. Although middling women (women of moderate means) continued to work alongside their husbands in the fields and operate taverns and other businesses well into the eighteenth century, all classes of women became relegated to the private sphere while their husbands increasingly dominated the public world. By the end of the colonial period, women, whether rich or poor, urban or rural, were expected to skillfully manage a household and provide an example for their children—acts that bolstered patriarchal authority in colonial Virginia.
Thu, 29 Oct 2020 18:30:23 EST




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Towns and Town Life in Early Virginia Indian Society

Much of what is known about towns and town life in early Virginia Indian society is drawn from archaeological investigation, the observations of English settlers, and the work of Captain John Smith, who between 1607 and 1609 explored and mapped the Chesapeake Bay area. Through a combination of these sources, we know that most Virginia Indian towns were located close to fertile soil and along waterways, which were both a source of food and drinking water and a means of transport. Towns generally conformed to one of two layouts: a dispersed settlement pattern, in which the houses were scattered according to which fields were being cultivated at the time; and a nucleated settlement pattern, in which a palisade surrounds a tightly packed group of houses. The latter layout was usually found in frontier areas, where the threat of attack by enemy tribes was greater. Indian towns were busy, intensely social places and each resident, regardless of age or sex, was expected to play a particular role. This resulted in a tight-knit community that could be supportive, but constricting. Privacy was limited, so great emphasis was placed on manners and politeness and on releasing tension through a nightly group activity like singing and dancing. The quality of life in Indian towns declined in Virginia after the English arrived and began to encroach on Indian land.
Fri, 30 Oct 2020 14:08:31 EST




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Virginia State Song

"Carry Me Back to Old Virginia" was the official state song of Virginia from 1940 to 1997. Written in 1878 by the famed Black minstrel performer James A. Bland, it was one of a number of popular minstrel songs that sentimentalized life in the Old South and perpetuated a myth of Black nostalgia for life in slavery on plantations. Legislation to replace "Carry Me Back to Old Virginia" was introduced every year between 1988 and 1994. From 1994 to 1997, the Virginia General Assembly made lyric changes to remove Black dialect and references to slavery in an attempt to make the song less offensive. In 1997, the General Assembly demoted "Carry Me Back to Old Virginia" from the official state song to "state song emeritus." In 2015, the General Assembly designated two official state songs: "Our Great Virginia," based on the folk song "Oh Shenandoah," was named the official traditional song, and "Sweet Virginia Breeze" was named the official popular song. 
Wed, 16 Dec 2020 09:11:41 EST




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Members of the United States House of Representatives from Virginia

Members of the United States House of Representatives are listed here in alphabetical order. Each entry includes life dates if known, a member's area of residence when first elected, period of service, and party affiliation when known. Before 1795 and again from the 1810s into the 1830s there were no well-organized political parties or parties were in flux, and for those time periods no affiliation is listed. Between 1795 and the 1810s most members are identified as Federalists or as Democratic-Republicans. The eight men who were elected to the House of Representatives in 1865 but not seated are also included in this list. John Mercer Langston, elected in 1890, was the first African American elected to Congress from Virginia. Leslie Larkin Byrne, elected in 1992, was the first woman elected to Congress from Virginia.
Mon, 04 Jan 2021 09:26:01 EST




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Members of the Virginia State Corporation Commission

The Virginia State Corporation Commission was created by the Constitution of 1902. Its responsibilities include issuing charters of incorporation, policing financial industries such as banking and insurance, regulating rates that common carriers charge for freight and passengers, and enforcing the laws that govern rates charged by such public utilities as electric and telephone companies. Because the commission promulgates regulations, operates regulatory agencies, and hears appeals on some kinds of administrative matters, it exercises legislative, executive, and judicial functions and has sometimes been referred to as the fourth branch of state government. The commission consists of three members who serve six-year terms, one term expiring every second year. The governor appointed members from to 1903 to 1919; voters elected members from 1919 to 1928; and the General Assembly named members after 1928. If a vacancy occurs when the assembly is not in session, the governor appoints a new member. The first commissioners took office on March 1, 1903.
Wed, 13 Jan 2021 11:26:11 EST




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Registration Now Open for Destinations International Fall 2024 Conferences: Advocacy Summit, Social Inclusion Summit and Business Operations Summit

Registration Now Open for Destinations International Fall 2024 Conferences: Advocacy Summit, Social Inclusion Summit and Business Operations Summit dbreisch@desti… Wed, 07/10/2024 - 18:22

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3 min read

Registration Now Open for Destinations International Fall 2024 Conferences: Advocacy Summit, Social Inclusion Summit and Business Operations Summit

Premier events offer essential knowledge and skills to help destination organizations lead with innovation and inclusivity

Media Contact: 
Tim Smith 
tsmith@destinationsinternational.org
1.425.577.4499

Washington, D.C., USA (July 10, 2024) – Destinations International (DI), the world’s leading resource for destination organizations, convention and visitors bureaus (CVBs), and tourism boards, has opened registration for its three remaining major events in 2024: the Advocacy Summit, which will take place in Rio Grande, Puerto Rico, from October 22-24; and the Social Inclusion Summit and Business Operations Summit, which both will take place in Spokane, Washington, October 28-30.  

Destinations International continues to provide training and development specially designed to help destination organizations anticipate transformation and thrive in a continually evolving environment. Each summit will look at current challenges and opportunities and offer the opportunity to explore, learn, and network among industry peers. Attendees will benefit from comprehensive sessions that address the most pressing issues facing the sector today, from enhancing stakeholder engagement and impactful advocacy, to advancing social inclusion, to embracing advancements in technology and innovation in business operations.

“Destinations International is committed to providing our members with the essential information they need to help their organizations and communities thrive,” said Don Welsh, president and CEO of Destinations International. “Our outstanding fall summits focus on the most pressing and timely issues facing destination organizations today and offer an unprecedented opportunity to learn from experts and network with peers. I’m confident that attendees will leave each summit with new insights and actionable strategies to take back to their organizations.”

Summit overviews:

2024 Advocacy Summit (Rio Grande, Puerto Rico – October 22-24, 2024) 
Under the theme “Advocate as Catalyst,” the summit will help destination organizations better serve as essential community assets promoting the local community as an attractive travel destination while also enhancing its public image as a dynamic place live and work. Through interactive discussions, case studies and practical exercises, attendees will develop skills, identify tools and gain knowledge to support powerful advocacy. This year, the event offers three immersive workshops to explore the rich Taíno heritage of Puerto Rico; survey the intersection of ecotourism and conservation against the unique backdrop of El Yunque National Forest, the only tropical rainforest in the U.S. National Forest System; and learn about the development of eco-cultural tourism attractions at Carabali Rainforest Adventure Park. 
(Click here for more information and to register)

2024 Social Inclusion Summit (Spokane, Washington – October 28-30, 2024)
The summit offers a series of impactful sessions and immersive experiences designed to engage community partnerships and create a welcoming environment where people of all abilities and backgrounds feel welcome, valued and understood. Through a lens of accountability, attendees will learn actionable strategies to deepen community relationships and enhance workplace culture, ultimately creating welcoming experiences for visitors. Sessions include: Fostering Community Connections for Impact; Advocacy Strategies for Engaging Local Government; and Establishing Accountability in Social Inclusion. This summit is for leaders of all abilities and backgrounds who specialize in, or have an interest in, community engagement, human resources, culture development, marketing, and inclusion and belonging.
(Click here for more information and to register)

2024 Business Operations Summit (Spokane, Washington – October 28-30, 2024)
The Business Operations Summit is a cross-functional gathering of destination organization professionals in finance, human resources, operations and technology. This year’s summit will leverage the latest advancements in finance, digital platforms and talent management, offering valuable knowledge and practical solutions to help destination organization leaders navigate the complexities of modern business operations. Join us to explore how finance, technology, and HR can drive innovation and excellence in your organization.
(Click here for more information and to register)

Please check destinationsinternational.org for latest updates on these and all Destinations International events and information.


###


About Destinations International 
Destinations International is the world’s largest and most trusted resource for destination organizations, convention and visitors bureaus (CVBs) and tourism boards. With more than 7,500 members and partners from over 750 destinations, the association represents a powerful forward-thinking and collaborative community around the world. For more information, visit www.destinationsinternational.org.  
 

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From Campus to Career: The Critical Importance of Experiential Learning in Workforce Preparation

From Campus to Career: The Critical Importance of Experiential Learning in Workforce Preparation jhammond@desti… Tue, 09/24/2024 - 16:52

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From the lens of a student, workforce development in tourism relies on mentorship, internships, and real-world experiences. Engaging students early through meaningful industry connections prepares them to contribute actively, building confidence and shaping the future of the travel and tourism workforce.

4 min read

Industry Events Spark Career Vision for Students

Attending Destinations International’s Annual Convention for the first time in Tampa, Florida earlier this summer was both exciting and, to be honest, a bit intimidating. As a student stepping into a room filled with industry leaders and professionals, I couldn’t help but feel a sense of awe, and nerves. These were individuals who had already solidified their careers, shaping the future of destinations and tourism, while I was just beginning to imagine where my path might lead.

Despite the initial butterflies, the more I interacted with these professionals, the more I realized they weren’t just leaders in the industry - they were also mentors and advocates for the next generation. They were eager to share insights, listen to fresh perspectives, and offer advice. Days after the convention ended, I found myself reflecting on those conversations, replaying sessions in my mind, and seeing my future more clearly than ever.

As the days passed, I felt a bittersweet sense of closure because while the convention was over, I had a newfound excitement for what was to come. I kept thinking about my potential career, revisiting the ideas and discussions I’d experienced. These interactions shifted my mindset - I no longer felt like just a student. Watching the next class of 30 under 30, I could imagine myself on that stage one day, contributing to the industry. This realization boosted my confidence and solidified my commitment to pursuing a meaningful role in tourism.


Experience Enables Students to Shape and Commit to the Industry's Future

My experience at the Annual Convention was just one chapter in my broader journey with Destinations International. As a Professional Development intern, I’ve been involved in developing certificate programs, attending meetings with industry leaders, and contributing to event planning and content creation. These hands-on experiences have connected my course work to the real world, making my learning more authentic and relevant.

As I partake in this work, I am gaining confidence, not just in my current role, but also in how my skills align with the future of the industry. As more students like me combine work with academic study, we begin to understand how our contributions can drive industry trends, innovations, and solutions. This balanced approach of connecting practical experience with academics produces well-rounded professionals who are ready to enter the field and also to shape its future.

The travel and tourism industry thrives on adaptability and fresh ideas. Engaging students early ensures the next generation is prepared to embrace changes and push the industry forward. Internships and immersive learning are essential in developing professionals who are confident in their ability to lead in a rapidly evolving industry.


A Student’s Insights on Building the Next-Generation Workforce

From my perspective, building the future workforce is more than just filling roles - it’s about creating opportunities that allow students to fully involve themselves in the industry. DMOs and other industry leaders should focus on establishing personal connections through internships, shadowing, and professional development programs. These experiences create a sense of belonging and purpose, showing students how our work is actually valued. Workforce development isn’t just a marketing campaign - it’s about creating genuine, lasting relationships that inspire growth and passion.

Mentorship is a crucial element in building a successful workforce. Passing on knowledge is important, but sharing enthusiasm for the industry is just as impactful. When mentors invest in students, they don’t just develop our skills - they also create a sense of pride and purpose in our work. Simple engagements, like inviting students to industry events or allowing them to shadow professionals, can make a significant impact. These moments of inclusion provide insight into the industry and help us build connections with professionals who can guide and inspire us.

All in all, creating an environment where students feel valued and invested in is key to shaping the workforce of the future. Both students and industry professionals must be committed to this process. When students feel respected as contributors, we become more confident and motivated to shape our paths within the industry. The more engaged we are, the more we envision ourselves as future leaders, driving the travel and tourism landscape for years to come.

As we work toward building the next generation of tourism professionals, I encourage destination leaders to consider how they can actively support their growth. One impactful way is by sponsoring local students to take part in Destinations International’s upcoming Business Intelligence Certificate program. With courses in Sales, Services, and Marketing and Communications, this program will provide emerging professionals with key skills in business events, such as decision-making, risk mitigation, and strategic planning. By investing in future leaders now with opportunities in professional development, such as the Business Intelligence Certificate, you’re ensuring they have the necessary tools to contribute to this growing and thriving industry.

About the Author

Payten Slack

Professional Development Intern
Destinations International

Payten Slack is a first-generation college student from Orlando, Florida, and a junior at NYU’s School of Professional Studies, majoring in Hospitality, Travel, and Tourism Management with a concentration in Travel and Tourism Development. She is an active member of her school’s community and puts an emphasis on ensuring students are being well-represented on a university-wide level. Payten has gained hands-on experience through her role as a Professional Development intern at Destinations International and is committed to merging academic knowledge with real-world applications to better prepare the future workforce.

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Fed's Barkin: Fed in position to respond appropriately regardless of how economy evolves

Richmond Fed Pres. parking is speaking and says:

  • Fed is in position to respond appropriately regardless of how economy involves.
  • US economy looks pretty good
  • Labor market is resilient.
  • From here, labor market mighty be fine or may continue to weaken.
  • Inflation might be coming under control or might risk getting stuck above Fed 2% target.
  • Feds focus may turn to upside inflation risks or to downside employment risks, depending on how economy develops.

The market is pricing a 65% chance of a 25 basis point cut in December. That is down over the last week or so (it was in the high 70%s last week).

US yields are higher but off their highest levels:

  • 2-year 4.314%, +6.1 basis points
  • 5-year 4.269%, +7.6 basis points
  • 10-year 4.370%, +6.3 basis points
  • 30 year 4.516%, +3.7 basis points
This article was written by Greg Michalowski at www.forexlive.com.




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November financial market seasonals: Japanese FX officials won't want to read this

The election is going to dominate early November trading so making moves based on seasonals is unwise. That said, it's useful to keep them in mind as the dust settles.

  • November is the best month for USD/JPY
  • Best month for the Nasdaq
  • Third-best month for the US dollar
  • The November through February is strong for gold
  • Second-best month for the S&P 500
  • Second-best month for the MSCI world index
  • Second-best month for the German DAX
  • Best month for the Nikkei 225
  • The final month of the seasonal slump for oil. Seasonals neutral in Dec-Jan then strongly positve from Feb-June

Going into last November, the S&P 500 had declined for three straight months but that month marked a turning point as it recouped nearly all the gains in what was the beginning of a five-month rally. This time, we're coming into the month with better momentum, though October was negative for stocks.

This article was written by Adam Button at www.forexlive.com.




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USDCAD moved higher in the Asian session but after taking out recent highs rotated lower

The USDCAD moved higher in the Asian session and extended above the highs over the last few weeks between 1.3945 and 1.3958. The high price extended to 1.39664 but fell short of the 2022 high which came in at 1.3977.

The inability to move higher turn the buyers to sellers, and the price has rotated back down toward the close from yesterday's trade where buyers have stalled the fall.

On the downside, the next major target comes against the rising 100 and 200 hour moving averages between 1.3908 and 1.3911. It would take a move below that area to increase the bearish bias with the 100 bar moving average on a four hour chart the next downside target at 1.38868.

On the top side, getting back above 1.3945 and 1.3958 would have traders looking again toward the 2022 high at 1.3977. Get above that level opens the door for further upside potential.

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USDCAD Summary

The USDCAD rose in the Asian session, approaching 2022 highs.

Key Points:

  1. Broke above recent highs (1.3945-1.3958).

  2. Reached 1.39664, shy of 2022 high (1.3977).

  3. Buyers turned sellers, and the price fell.

Outlook:

Bullish Scenario

Move above 1.3945, 1.3958, and 1.3977 confirms further upside.

Bearish Scenario

Break below 1.3908-1.3911 (100/200-hour MA) and 1.38868 (100-bar MA) increases bearish bias.

Levels to Watch:

  • Resistance: 1.3945, 1.3958, 1.3977

  • Support: 1.3908, 1.3911, 1.38868

This article was written by Greg Michalowski at www.forexlive.com.




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Economic calendar in Asia - Wednesday, November 13, 2024 - Fed speaker

There were numerous Fed speakers on Tuesday, US time:

and we get one more today in Asia:

  • 2200 GMT / 1700 US Eastern time - Federal Reserve Bank of Philadelphia President Patrick Harker speaks on "Fintech, AI and the Changing Financial Landscape".

Which doesn't sound too promising for remarks from him on the economy or monetary policy. But, perhaps we'll get a mortsel thrown to us in any Q&A.

***

As for the data agenda, it's a bit of a yawn, none of it likely to move around major FX upon release.

From Japan we'll get an update of wholesale inflation - the PPI for October. The Producer Price Index (PPI) in Japan is also known as the Corporate Goods Price Index (CGPI)

  • its a measure of the average change over time in the selling prices received by domestic producers for their output
  • is calculated by the Bank of Japan

Unlike the Consumer Price Index (CPI), which measures the price change that consumers see for a basket of goods and services, the CGPI focuses on the change in the prices of goods sold by companies.

The PPI reflects some of cost pressures faced by producers

  • its based on a basket of goods that represents the range of products produced within the Japanese economy, including items such as:
    • raw materials like metals and chemicals
    • semi-finished goods
    • and finished products
    • different weights are assigned to each category within the index based on its contribution to the overall economy.
  • it does not account for the quality improvements in goods and services over time, which might lead to overestimation of inflation
    • additionally, it reflects only the prices of domestically produced goods, leaving out the impact of imported goods

The PPI can be used as a guide to inflationary pressures in the economy:

  • If producers are facing higher costs, they may pass these on to consumers, leading to higher consumer prices.

***

From Australia we'll get wages data for Q3. Wage growth is expected to keep slowing (y/y) in Q3 2024. With the labor market softening, upward pressure on wages has been easing over recent quarters.

In Commonwealth Bank of Australia's preview they cite their internal data as indicating a quarterly wage growth of around 0.9%, a notable decrease from the 1.3% growth seen in the same quarter last year, which had been boosted by a significant 5.75% increase in award and minimum wages. As a result, the annual wage growth rate is projected to fall to 3.6%, bringing it closer to a level compatible with sustainable, in-target inflation.

While the labour market softening, but from strong levels, the RBA is eyeing wage growth as a factor helping keep inflation sticky. A moderation in growth for wages will be welcomed by the bank if it translates into softening price pressure also.

  • This snapshot from the ForexLive economic data calendar, access it here.
  • The times in the left-most column are GMT.
  • The numbers in the right-most column are the 'prior' (previous month/quarter as the case may be) result. The number in the column next to that, where there is a number, is the consensus median expected.
  • I’ve noted data for New Zealand and Australia with text as the similarity of the little flags can sometimes be confusing.
This article was written by Eamonn Sheridan at www.forexlive.com.




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Australia data - Wage Price Index for Q3 2024: +0.8% q/q (expected +0.9%, prior +0.8%)

Australia data - Wage Price Index for Q3 2024:

+0.8% q/q for the third consecutive quarter

  • expected +0.9%, prior +0.8%
  • Both the private sector and the public sector rose 0.8%, seasonally adjusted, for the quarter.

+3.5% y/y, lowest annual rise for the series since December quarter 2022 and followed four consecutive quarters of annual wage growth equal to or above 4%.

  • expected +3.6%, prior +4.1%

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The Australian Bureau of Statistics (ABS) publishes the Wage Price Index (WPI) quarterly, measuring changes in the price of labor, unaffected by shifts in workforce composition, hours worked, or employee characteristics.

The ABS provides detailed WPI data, including breakdowns by industry and sector, offering insights into wage trends across Australia's economy.

This article was written by Eamonn Sheridan at www.forexlive.com.




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Legend of Arcadia: Redefining Community-Driven Operations

Legend of Arcadia (LoA), a new card-based RPG set in an expansive universe inspired by Kingdom Hearts, is bringing a community-driven operational model to Web3 gaming. With a focus on sustainable growth, LoA aims to establish itself as a leading platform by integrating blockchain technology, unique NFT mechanics, and community-centric features that foster long-term player engagement.

As the Web3 gaming industry is forecasted to grow to $305 billion by 2030, LoA stands out by addressing key sustainability issues that have previously limited the success of Web3 gaming ventures. Many blockchain-based games have struggled with player retention and engagement, often due to unsustainable reward systems. LoA’s approach, built on years of gaming experience from its team’s work with industry leaders like Tencent, Hero Entertainment, and Seasun Studios, centers on creating an inclusive, feedback-driven community.

Community-driven growth and operations

Legend of Arcadia (LoA), a card-based RPG game built on a vast story universe inspired by Kingdom Hearts, has a strong vision for reimagining live operations in Web3, called community-driven operations. The formula combines building a sticky and vocal community driven by a strong feedback loop and nimble implementation of the ideas. This has helped LoA stand out from others.

The team has spent the past two years perfecting the formula based on their decade-long experience in driving high DAU and retention at leading game companies such as Tencent, Hero Entertainment, and Seasun Studios. At the same time, building a 60k+ strong community with users that actively interact with the team and provide them with feedback.

The right feedback loop between the community and the developer has led to innovative tactics for driving community engagement.

For example, rather than hosting traditional alpha tests, the team mixed the idea of esports and competition and invited people to form their own teams to compete during the test. This led to a brand-new Guild called Alter Ego Guild being formed in the community, and they remain some of the game’s biggest supporters, helping new players onboard and get deep into LoA.

During its three-month campaign, LoA had 100,000+ registered users with minimal marketing spend. It also has very high next-day and 7-day retention of 75% and 56%, respectively, higher than many traditional games' 50% and 20%. As it moves towards its TGE and official game launch, the community continues to provide feedback and support the team.

With backing from 10+ investors, including Animoca Brands and OKX Ventures, LoA can further develop the game's vastness, ensuring the community is constantly engaged with new content and utilities of its native token, $ARCA. This ranges from the endless possibilities of different NFT heroes to the countless actions and ways to earn $ARCA tokens.

Innovative NFT Mechanics and Extensive Gameplay

In LoA, each NFT hero is unique, with randomized genetic traits such as appearance and abilities drawn from a large gene pool of over five trillion combinations, including over 48 types of basic attributes, 40,000+ skill combinations, and more than 28 million gene combinations. This ensures that no two NFT heroes are the same.

The game team, supported by AI, has also created countless words and storylines, shaping different toy characters and enriching the stories of LoA. It also enhances player retention by implementing seasonal demands created by the in-game mechanics, which will eventually boost the trading volume.

$ARCA Token Distribution and Roadmap

In LoA, players can earn tokens through a variety of activities and strategies involving their NFT heroes. Inspired by a system commonly used in web2 games, by combining White Ores from mining with Black Ores earned in battles, they can produce $ARCA tokens. Heroes can also be customized through special events and features, which not only alter their appearance but can also provide gameplay advantages, such as enhanced mining power when using event-specific skins.

Players can also participate in PvE content by clearing dungeons and defeating bosses for valuable loot or diving into PvP battles to compete against others for rewards and climb seasonal leaderboards for even greater gains. To further boost their earnings, players can stake $ARCA tokens, unlocking additional rewards like free NFTs or a share of profits from NFT sales, adding another layer of value to their in-game investments.

In addition to earning tokens through in-game monetization, LoA further enhances sustainability by distinguishing between in-game and external economic factors. This structure allows players to monetize external elements, such as staking $ARCA tokens for special privileges and rewards or sharing in proceeds from NFT assets. This approach aims to foster long-term value creation over short-term speculative gains.

LoA will have a total supply of 40,000,000 $ARCA tokens that are distributed among seven pools where each pool will be further subdivided into different rank tiers based on the amount of Gacha Points earned.

With countless opportunities and activities in the world of LoA, the game constantly rejuvenates the excitement of its community and players, which will ensure its sustainability in the long run. The game also has plans for extensive single-player content (PVE mode) and multiplayer modes where players can form teams and challenge others in real-time battles. Legend of Arcadia is currently set to launch in November 2024.

About Legend of Arcadia

Legend of Arcadia (LOA) (https://legendofarcadia.io/) is a card-based RPG game built on a vast story universe inspired by Kingdom Hearts. LOA is built with the latest technology for the modern gamer, powered by blockchain. Players can enjoy the game for free, on the go, on a mobile device, and socialize in real-time with gamers from across the globe through immersive PvP game modes and by trading highly composable NFTs.

This article was written by FL Contributors at www.forexlive.com.




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Warped Games Announces Official Partnership with Mysten Labs to build on Sui

Warped Games, an indie game studio consisting of web3 and veteran game developers who have a legacy in creating player-focused games like LEGO Universe, Jumpgate, and Dragons and Titans, is on a mission to onboard millions of players to expand the Warped Universe, an immersive blockchain-powered game where players’ actions and decisions shape the environment and influence each season’s direction. After extensive exploration, Warped Games selected Sui as the blockchain to support this ambitious vision, thanks to its player-friendly approach and innovations in the Move language.

The announcement of Warped Games becoming an official partner with Mysten Labs arrives at a pivotal moment for blockchain gaming. With games like "Off The Grid" making strides toward mainstream adoption, this new collaboration marks another significant step in expanding blockchain gaming’s reach to a wider audience.

James Wing, Head of AAA Gaming Partnerships for Mysten Labs, commented on the official partnership: "Warped Games embodies what is exciting about this industry - founders and products that are built with passion to boldly address the wants of modern gamers. We are tremendously excited to partner with our friends at Warped and aid them in their journey to pioneer a new age of games on Sui."

Warped Universe: Empowering Players

Player empowerment is at the core of Warped Universe’s design. Here, players will be able to engage in PvE action in single-player or co-op mode, with an innovative multi-genre design giving players the flexibility to choose between turn-based or real-time genres across both ground and space gameplay. Players will also get to choose missions that influence the broader “meta-game,” affecting the balance of light and gravity for all, leading to wild and chaotic scenarios as each season aims to build a unique solar system in the Universe. This level of control redefines what it means to participate in a player-driven virtual world.

Breaking Barriers to Blockchain Accessibility

One of the largest obstacles facing blockchain adoption today is its intimidating complexity for newcomers. Traditional blockchain experiences involve managing seed phrases, navigating wallets, high fees, slow speed, and unfriendly, often intimidating transactions—barriers that can alienate potential users. Sui’s design eliminates these hurdles by offering a seamless, user-friendly blockchain experience required by games like Warped Universe, aiming to appeal to a mainstream gaming audience.

With Sui’s zkLogin feature, players can access the blockchain and create wallets using familiar credentials, like passkeys or existing logins, removing the need for seed phrases and technical know-how. For those who prefer greater control, Warped Universe will also allow players to connect their own self-custodied wallets, giving them the option to manage their assets independently. This accessibility empowers users to focus on what matters most—the game experience itself.

Enhanced NFT Utility with Move

Sui’s Move language and object model empower Warped Universe to create NFTs that go beyond static assets, offering dynamic, context-rich tokens that evolve with each player’s journey. Sui treats each asset as an individual, on-chain object with unique IDs and customizable fields, allowing NFTs to reflect player progression and deepen in-game immersion.

Innovations extend to the use of closed-loop tokens for in-game purchases and season pass NFTs, which act as "time capsules", allowing players to revisit exclusive content from past seasons. With each season in Warped Universe serving as a self-contained story arc, these season passes aren’t just NFTs—they’re gateways to the game’s evolving history, creating lasting value and enhancing player ownership.

Kiosk: Marketplace Re-Imagined

Kiosk is a decentralized system designed for commerce applications on the Sui network, similar to traditional markets where vendors sell goods or services from small, standalone booths. Just like in those markets, where individual sellers operate their own kiosks, owning the products on display and managing their own sales, with Kiosk, shared objects are owned by individual parties who store assets and may list them for sale as well as utilizing custom trading functionality, such as royalties and the ability to rent assets.

Walrus: Re-Defining Digital Ownership in Warped Universe

As Warped Universe expands, decentralized storage will play a crucial role in ensuring the authenticity and accessibility of in-game assets. Mysten Labs’ Walrus protocol is set to support this need, providing a secure and efficient way to store raw data and media files—such as images, audio, video, and other game assets—at low cost without compromising performance. Unlike traditional NFTs, which often store metadata off-chain on platforms like IPFS or AWS, Walrus enables both the NFT and its metadata to be stored in a decentralized manner. This integration introduces new ways for players in Warped Universe to experience genuine ownership of their digital assets, giving them the ability to store in-game captures or statistics, and creating a more immersive and reliable player-driven experience.

High Performance, Scalability, and Environmental Responsibility

In Warped Universe, players aren’t just playing a game; they’re building and defending entire solar systems each season, with their achievements and digital assets minted and transacted on-chain in the background. This model requires a blockchain capable of handling high transaction volumes both efficiently and affordably. Sui’s high throughput and low transaction costs make this possible, providing fast, cost-effective, and seamless on-chain transactions that support a robust gaming economy.

Sui also prioritizes environmental sustainability by using a delegated proof-of-stake (DPoS) consensus model rather than energy-intensive proof-of-work. With its efficient Directed Acyclic Graph (DAG) architecture, Sui can process large transaction volumes with minimal environmental impact—aligning perfectly with Warped Games’ vision of a sustainable, responsible gaming ecosystem.

“With Sui, we can create an immersive, evolving on-chain gaming ecosystem where players can own, modify, and evolve assets without compromising the gaming experience,” said Adam Straney, Managing Director at Warped Games. “This approach lets us build an interconnected universe on a blockchain that’s fast, scalable, and environmentally responsible, supporting our vision of an accessible, seamless player-owned economy. Gamers can focus on having fun, with blockchain as a supportive tool rather than the centerpiece."

Looking Ahead with Warped Universe and Sui

Currently, the blockchain element in Warped Universe is the $WARPED token, an ERC-20 token designed to give holders a voice in game design, seasonal voting, discounts, potential rewards, and exclusives. While specific plans for the token’s future are yet to be announced, the Warped Universe team is committed to keeping current holders top of mind as they explore expanding to the Sui blockchain. Plans for the WARPED token, on-chain assets, skins, seasonal passes, and other elements will be shared in due time—stay tuned for updates.

As Warped Universe continues to develop, the teams at Warped Games and Mysten Labs are dedicated to working closely together to explore practical blockchain integration in games, enhancing player ownership, scalability, and immersive gameplay. Together, through Warped Universe and the Sui blockchain, they’re building a unique, player-driven experience that showcases the future of blockchain gaming.

About Warped Games

Warped Games (https://warped.games/) is an indie game studio dedicated to creating immersive, player-driven gaming experiences with a focus on blockchain integration. Known for pushing the boundaries of web3 technology, the team behind Warped Games combines industry veterans from both gaming and tech to bring innovative worlds like Warped Universe to life.

About Mysten Labs

Mysten Labs is a technology company focused on advancing blockchain infrastructure to support next-generation applications. Founded by experts in distributed systems, Mysten Labs developed the Sui blockchain, a high-performance, user-friendly platform designed to make blockchain technology accessible and scalable for mainstream audiences.

This article was written by FL Contributors at www.forexlive.com.




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LiteFinance Becomes the Official Trading Partner of Leicester City Football Club

LiteFinance has entered into a multi-year partnership with Premier League football club Leicester City as their Official Trading Partner.

We are excited to announce that LiteFinance has entered into a multi-year partnership with Premier League football club Leicester City as their Official Trading Partner. This collaboration marks a significant milestone for LiteFinance as we expand our presence into the world of sports, aligning our brand with one of England’s most admired football clubs. Leicester City Football Club is pleased to confirm LiteFinance as its new Official Trading Partner.

Established in 2005, LiteFinance has grown into a leading online broker, offering high-speed trading services in 29 international languages. Our platform is designed to empower clients with financial freedom, providing access to a comprehensive range of trading instruments in the currency, commodity, stock, and agricultural markets. Through this partnership, we aim to bring our innovative, accessible trading solutions to a broader audience, enhancing the experience for both our clients and Leicester City’s global fanbase. Shared Values and Vision Both LiteFinance and Leicester City share a commitment to excellence, innovation, and a global outlook. The Foxes have a significant following, particularly in Southeast Asia, where they enjoy one of the largest social media reach outside of the Premier League’s traditional top six clubs. This partnership will allow LiteFinance to engage with new audiences and create memorable experiences for football fans and our clients alike. Visibility and Engagement As part of this partnership, LiteFinance will benefit from extensive brand visibility, including pitch-facing LED advertising, logo placements on interview backdrops, and a selection of digital advertising. Additionally, our clients will have exclusive access to branded promotional materials, such as custom merchandise, and will be able to participate in special contests and promotions designed to bring excitement and memorable experiences to football fans. These initiatives are tailored to enhance engagement and connect with Leicester City supporters meaningfully. Statements from Leadership Kristina Leonova, CEO of LiteFinance, commented: “We are thrilled to embark on this exciting journey with Leicester City. This partnership reflects our mutual commitment to excellence and innovation. It will allow us to connect with new audiences and create impactful experiences while delivering on our promises and setting new standards of success.”LiteFinance is proud to partner with Leicester City Football Club and looks forward to a fruitful relationship that will bring value to both organizations and the communities we serve. We are confident that this collaboration will set the stage for innovative initiatives and successful outcomes in the future. Leicester City Commercial Director, Dan Barnett, added: “This collaboration marks an exciting chapter for us as we continue to expand our global reach with new partners. We look forward to working closely with LiteFinance to further elevate the Club's presence on the international stage in unique ways.”

This article was written by FL Contributors at www.forexlive.com.




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Australia - "Wage inflation is moderating as expected"

In brief from WPAC's note:

  • September quarter Wage Price Index below the RBA’s expectation which pointed to a 0.9%qtr rise in both the September and December quarters of 2024
  • Wage inflation peaked at 4.3%yr in December 2023 and has been drifting lower through 2024
  • Wage Price Index (WPI) rose 0.8% (3.5%yr) ... The RBA is currently forecasting annual wages growth to print 3.4%yr for end 2024 and hold at that rate through to June 2025.

***

The WPI should easily come in under that RBA forecast by end 2024. While some will point to slowing wages as a reason to cut rates the RBA is in no hurry, still war of elevated demand and inflation likely to pop back above the top of the 2 - 3% target band once government cost of living subsidies roll off.

This article was written by Eamonn Sheridan at www.forexlive.com.




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The argument for a near-term Reserve Bank of Australia interest rate cut remains very thin

ING remarks after the wages data from Australia earlier:

ING says that year-on-year wage growth slowing to 3.5% is a step in the right direction for the Reserve Bank of Australia (RBA) to consider rate cuts.

However, ING notes this deceleration alone isn’t enough for the RBA to rule out any upside risks to interest rates.

Despite the softer data, ING believes a case for a near-term rate cut remains weak, predicting the earliest possible easing from the RBA could come in the first quarter of 2025.

**

I suspect even Q1 is too early. The RBA next meet on December 9 - 10, where on hold is expected.

This article was written by Eamonn Sheridan at www.forexlive.com.




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AUD traders heads up - Reserve Bank of Australia Governor Bullock speaks Thursday

At 10 am Sydney time on Thursday, November 14, 2024,

  • Panel Participation by RBA Governor Michele Bullock, at the ASIC Annual Forum, Sydney
  • that's 2300 GMT, 1800 US Eastern time on Wednesday, November 13, 2024

Perhaps we'll hear something on wages data from earlier today:

But, probably not:

The RBA next meet on December 9 and 10 and no change to the cash rate is widely expected.

This article was written by Eamonn Sheridan at www.forexlive.com.