The Reserve Bank of New Zealand Delivers Record Hike, Expects More Tightening
The central bank of New Zealand remains super-hawkish as it raised rates by a record 0.75% and pointed to more moves ahead, despite impending recession
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The central bank of New Zealand remains super-hawkish as it raised rates by a record 0.75% and pointed to more moves ahead, despite impending recession
Watch today’s US Open, for commentary on the latest news, including oil developments, as well as the technical outlook of SPX500 and other assets
The Aussie takes advantage of the greenback’s weakness and the latest commentary form the head of the RBA, to move higher today, after its poor weekly start
The pair surged more than 1.5% on Monday entering its second straight positive week, as it reacts from the worst weekly performance in two-decades, earlier in the month
USOil steadies after a volatile session on Monday, due to WSJ report that OPEC is considering a rise in output, which was denied by Saudi Arabia
The broad US index is on the back foot at the start of a holiday-shortened week due to Thanksgiving, which also includes the Black Friday shopping event
The pair comes from its first negative week since mid-October and enters its third straight losing day, as markets continue to evaluate the policy path by the two central banks
The United Kingdom was in the spotlight this week, with a series of economic data and the government’s budget, but the pair had limited reaction
The commodity heads towards another losing week, as OPEC and the IEA lowered their demand growth projections, while Covid-19 infections in China are rising
Fed-speak, economic data, UK’s economic plan and more news were in focus, during today’s US Open
The German Index loses steam after its six-week rally and consolidates its gains, as today’s Eurozone inflation report does not help it find direction
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