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The Australian dollar held overnight gains on Tuesday, helped by higher iron ore prices and carry demand against the yen, while the kiwi hit a two-week high ahead of the Reserve Bank of New Zealand s. ....
(Bloomberg) Swap traders are bracing for a possible interest-rate increase by the Reserve Bank of New Zealand in the coming months — a move they say will be rapidly unwound.Most Read from BloombergS&P 500 Rally Hits a Wall in Run-Up to CPI Report: Markets WrapTrump Asks Supreme Court to Keep DC Election Trial on HoldPentagon Chief Austin in Critical Care for Bladder IssueTrump Says There’s ‘No Way’ Taylor Swift Can Endorse BidenOvernight indexed swap contracts are pricing in about a 50% chanc ....
Traders bet on policy error in New Zealand as rate paths rupture businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.
Bond traders and some investors have dismissed the Reserve Bank’s warning about a further rate increase and are instead betting on some rate relief in June. ....