US stock markets tumbled sharply overnight and futures dive further in Asian session. Fed Chair Jerome Powell sounded very hawkish during the post meeting press conference. The indication that rate hikes would start in March wasn’t much of a surprise. But Powell indicated that every meeting in “live” and refused to rule out 50bps hikes. […]
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AUD/NZD plunged in the Asian session, driven by contrasting developments in Australia and New Zealand. However, it is too early to declare a bearish trend reversal for the cross, with near-term sideways consolidation likely. In Read more…
RBNZ delivered a widely expected 50bps cut to its Official Cash Rate, bringing it down to 4.25%. The central bank maintained easing bias, stating that if economic conditions align with projections, “the Committee expects to Read more…
Media release The Monetary Policy Committee today agreed to reduce the Official Cash Rate by 50 basis points to 4.25 percent. Annual consumer price inflation has declined and is now close to the midpoint of Read more…