EUR/USD 1.13644
0.449%
Gold 3416.42
2.472%
Oil 58.737
3.114%
USD/JPY 142.472
-0.856%
GBP/USD 1.33701
0.559%
GBP/JPY 190.492
-0.260%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
German Chancellor Merz: It is normal that some coalition members voted against me.According to the Financial Times: Britain and the United States are about to reach a low-tariff trade agreement.On May 7, according to the results of the U.S. 10-year Treasury auction on Tuesday, the undergraduate loan interest rate in the United States for the 2025-26 academic year is expected to be 6.39%. The annual interest rate calculation formula is usually based on the yield of the May auction, plus 2.05 percentage points. The figure of 6.39% is slightly lower than last years 6.53%, but it is still close to the highest level since the Great Recession in 2008. Under federal law, the upper limit of the loan interest rate is 8.25%.Karen Manna of Federated Hermes said on May 7 that Federal Reserve Chairman Powell may not be able to satisfy investors thirst for clarity when he speaks to reporters after tomorrows interest rate decision. The Fed is expected to keep interest rates unchanged, and Powell may face questions about the impact of tariffs on inflation and the economy. The final level of tariffs and their duration remain unknown, which limits Powells ability to provide more clear information. "Forecasting is always difficult, and it is almost impossible to make forecasts when the target is constantly changing." She expects this uncertainty to continue until the Feds June meeting unless there are substantial changes.Pakistans Defense Minister: Conflict between Pakistan and India is "imminent".

The AUD/NZD Exchange Rate Approaches 1.1000 Following a Slight Decline in Kiwi Inflation to 6.9 Percent

Larissa Barlow

Apr 21, 2022 09:40

The AUD/NZD pair is seeing a surge in demand following the release of Statistics New Zealand's annual inflation figure of 6.9 percent. The figures came in somewhat lower than expected at 7%, but the likelihood of another boost in the Reserve Bank of New Zealand's Official Cash Rate (OCR) remain high (RBNZ). Additionally, the quarterly kiwi Consumer Price Index (CPI) fell to 1.8 percent from a prior reading of 2%.

 

RBNZ Governor Adrian Orr increased the OCR by 50 basis points last week (bps). This was the RBNZ's fourth straight rate hike, bringing the OCR to 1.5 percent. The central bank stated in a statement that this was the largest rate hike in more than two decades, with the sole objective of minimizing inflation concerns. A larger-than-expected move by the RBNZ will provide the central bank with additional flexibility in future interest rate decisions. It's worth remembering that the RBNZ has been one of the most aggressive central banks in recent years, rapidly moving the grounded rates to neutral.

 

On the Australian front, the Reserve Bank of Australia's (RBA) officials have not identified any price pressures that would compel the institution to consider rate hikes. Meanwhile, investors are awaiting the release of the S&P Global Manufacturing PMI on Friday. A preliminary estimate of 57.8 is observed, compared to the earlier print of 57.7.

AUD/NZD 

 image.png


Suggestion