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Lost momentum | BusinessNZ

Lost momentum | BusinessNZ
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New Zealand Performance Of Services Index Slips To 48 9 - BusinessNZ

New Zealand Performance Of Services Index Slips To 48 9 - BusinessNZ
finanzen.ch - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanzen.ch Daily Mail and Mail on Sunday newspapers.

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Yen Nears Multi-Decade Low Against Dollar, Eyes on Japan s Response

Japanese Yen continues to weaken, accelerating its decline in today's Asian session and edging closer to a multi-decade low against Dollar. The market appears to be gaining confidence that Japan will not intervene at this stage, despite the steep and extended depreciation. But the country's approach to currency intervention remains shrouded in typical discretion. So, it's "never say never" regarding the timing of intervention.

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New Zealand BNZ services fell to 48 9, contraction with economic angst

New Zealand's BusinessNZ Performance of Services Index experienced a notable dip in October, falling from 50.6 to 48.9, a level indicative of contraction in the sector. This decline also positions the index well below its long-term average of 53.5.

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Sterling and Aussie Bounce Back from Recent Lows, Euro Sees Downside Risk

There's a noticeable lack of a unifying theme in the forex markets today, largely attributed to an empty economic calendar across European and North American regions. Both Australian Dollar and British Pound are seeing a rebound from their recent downturns, particularly noticeable in currency crosses. However, the continuation of this momentum hinges significantly on impending economic data releases. Key reports to watch include Australian consumer and business confidence, along with UK employment data set to be unveiled tomorrow.

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