Mixed Response in Asia as USD Strengthens
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#a9055e54 ver:0.26
Asian markets are expected to have a muted open following a slight increase in the S&P 500. Wall Street experienced a busy session of bond sales as issuers sought to borrow before key economic data is released later in the week. Traders are awaiting Thursday's inflation data and a parade of central bank speakers. In New Zealand, the Reserve Bank of New Zealand (RBNZ) held its official cash rate steady at 5.50% on Wednesday, as expected . The RBNZ deemed the current level of the policy rate as sufficiently restrictive. The Reserve Bank of New Zealand trimmed its projected policy path for future rates, sparking a rally in New Zealand bonds and a dip in the NZD/USD . The New Zealand currency and interest rates have fallen after the RBNZ dovish no-change Monetary Policy Statement . Asian-Pacif...
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