People might say it has been the best performance currency, thailand. And the bank of thailand. We have an exclusive interview. Kathleen markets have opened. Aussie yields are rising. Little change to the upside after the session on wall street that saw u. S. Stocks pare gains after a fresh eye. The offshore yuan. This check in on the yen morning, holding onto a threeto decline after a wild start to 20, holding onto a threeday decline after a wild start to 2020. New york crude staying below 60 barrel, falling as much as 5. 7 overnight. Oil supplies remain intact. Haidi . Haidi President Trump backed away from a war on iran but said they will be tough, new sanctions until they change their ways. Statesrump the united will meet liam pose additionally additional, punishing sanctions that will remain until iran changes its behavior. , by all assessments, it seems like that reprisal from create noesigned to additional fatalities. Is this a step down for them to theeast put an end to situati
Interest rate at 5. 5 . Of course, dave, it is widely expected all 20 economists we surveyed expected as much. But the question is really whether or not governor adrian orr will sound hawkish, given that inflation is still far from where he wants it to be, which is one, two, 3 right now. We had headline inflation in the Second Quarter at about 6 . So rbnz staying pat for a second time in a row at 5. 5 . Remember, this is the central bank that has done 525 basis point hike. It has been pretty aggressive ahead of the curve, way ahead of the fed. And now it is keeping its rate standing pat at 5. 5 for a second time in a row. Dave. Yep. Yeah. So were looking at, to your point there where there is some commentary on inflation and how restrictive rates are and theyre saying already restrictive and that should be enough to return inflation to target. Were just going through some of the phrasing here on the statement because that i guess in some ways, short of hearing from the governor himself
reform. hello and welcome to worldwide exchange. with christine tan, nicole lapin and myself, ross westgate. we just had data out in the euro zone. the manufacturing pmi growing at its fastest pace since 2006. this is a cording to the composite pmi, 57.3. they were forecast at 56.1. there were 55.the in march and the highest since august 2007 and it marks the eighth month the index for the service sector is above the 50 mark. that s, of course, with contraction from expansion and considerly above the poll consensus. now, the manufacturing sector, which drove a large part of the return to growth last year is also at its fastest pace since the middle of 2006. that has helped push the session high against the dollar. as far as european markets are concerned, despite the sell-off in asia, this is a piece of data that will help that, as well. up 0.5% for the ftse 100. xetra dax up 0.6% at the moment and a good balance of earnings. so the data at the moment is supporting higher