The Australian and New
Zealand dollars were struggling to gain traction on Monday as
traders braced for inflation tests at home and abroad, while
bonds steadied after taking a hit in the previous.
The New Zealand dollar rose
almost 1% on Wednesday to its highest level in two months as the
central bank lifted its forecasts for peak interest rates and
pushed back when it expects cuts, in a. -May 21, 2024 at 11:22 pm EDT
- MarketScreener
Australia s central bank
decided to stand pat on interest rates at its May meeting in
part to avoid excessively fine-tuning policy, but judged a
hike might be needed if forecasts on inflation proved. -May 20, 2024 at 11:32 pm EDT
- MarketScreener
The Australian dollar hovered
near a four-month top on Monday, supported by a surge in
commodity prices after China unveiled huge steps to stabilise
the property market, while the kiwi was on edge.
Australia Doles Out Energy, Rent Relief in Balm for Inflation usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.