EUR/USD 1.07912
-0.017%
Gold 3130.70
0.531%
Oil 70.896
0.037%
USD/JPY 149.827
0.148%
GBP/USD 1.29158
-0.047%
GBP/JPY 193.515
0.118%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Hong Kong-listed Gu Ming (01364.HK) rose by more than 8% in early trading, reaching a high of HK$20.4 during the session, setting a new historical high.Hong Kong-listed Laopu Gold (06181.HK) fell nearly 4%. On the news front, the company plans to implement full circulation of H shares and has applied to the Hong Kong Stock Exchange Listing Committee for approval to list and trade H shares converted from 40,388,900 unlisted shares held by three shareholders of the company.Bank of Japan Governor Kazuo Ueda: As fiscal leaders gather at the IMF and G20 meetings later this month, we are likely to get more information on U.S. tariff policy, so there is a high potential for sharing views and discussing response measures among policymakers.On April 2, CITIC Prudential Commodity LOF issued a premium risk warning. As of April 1, the closing price of the fund in the secondary market was 0.941 yuan, and the transaction price showed a large premium, reminding investors to pay attention to premium risks. CITIC Prudential Commodity LOF mainly invests in commodity-related assets such as precious metals and crude oil, accounting for about 92% of the fund allocation.Bank of Japan Governor Kazuo Ueda: U.S. tariffs may affect trade activities and sentiment in various countries.

NZD/USD Recovers To Near 0.6250 As The USD Index Retreats In Response To The Fed's Dovish Guidance

Daniel Rogers

Mar 23, 2023 14:56

 NZD:USD.png

 

The NZD/USD pair has extended its recovery to near 0.6250 during the Asian session. After declining to near 102.00, the US Dollar Index (DXY) displayed a brief retracement, and the New Zealand dollar rose sharply from 0.6220. It is anticipated that the USD Index will maintain its downward momentum as the Federal Reserve (Fed) approaches its terminal rate.

 

It was widely anticipated that the Fed would increase interest rates by 25 basis points (bp), resulting in rates between 4.75 and 5.00 percent. Jerome Powell, the chairman of the Federal Reserve, fought harder to maintain his hawkish stance, contending that rate cuts in 2023 are out of the question because restrictive monetary policy is required to reduce inflation to 2%. Fed Chairman Jerome Powell's statement that "additional policy tightening may be warranted" indicated that the Fed is nearing the end of its rate-hiking campaign.

 

After Fed Chairman Powell allayed fears of a bleak economic outlook due to reduced demand and the scope of economic activities, U.S. stocks experienced an enormous sell-off on Wednesday. According to Fed Chair Powell, the US banking system is'sound and resilient,' but credit conditions for households and businesses cannot be ruled out.

 

The New Zealand Dollar is struggling to maintain its footing in Asia-Pacific as the market anticipates a reduced growth rate in the kiwi zone due to recent inundation.

 

According to Reuters, Reserve Bank of New Zealand (RBNZ) Chief Economist Paul Conway stated on Thursday that interest rates were clearly contracting and causing a welcome decline in economic demand, but it was not yet clear that inflation expectations were under control.


Suggestion