Asian shares rise, kiwi slumps as New Zealand cuts rates

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SYDNEY : Asian shares rose and the dollar nursed losses on Wednesday after soft U.S. producer prices data stirred hopes that consumer price inflation would be benign, sending bond yields lower. The kiwi dollar slumped 0.7 per cent after the Reserve Bank of New Zealand cut interest rates by 25 basis points to 5.25 per cent and projected more easing to come. Adding to the busy news flow in the Asia morning were headlines that Japanese Prime Minister Fumio Kishida would step down as ruling party

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Asian shares rise, kiwi slumps as New Zealand cuts rates https://www.channelnewsasia.com/ - 14.08.2024 10:40
Asian shares rise, kiwi slumps as New Zealand cuts rates https://www.channelnewsasia.com - 14.08.2024 07:08

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Asian shares rise, kiwi slumps as New Zealand cuts rates https://www.channelnewsasia.com/ - 14.08.2024 10:40
Asian shares rise, kiwi slumps as New Zealand cuts rates https://www.channelnewsasia.com - 14.08.2024 07:08