Australian, NZ Dollars Fall On Risk Aversion
Investors fear that a surge in inflation could prompt the Fed to tighten policy sooner than expected.
The Labor Department will release its latest U.S. CPI data on Wednesday, which is expected to show a rise of 3.6 percent over the year in April.
U.S. inflation expectations soared to the highest in a decade as the economy recovers from the pandemic and on the Fed s accommodative policy.
Data from Statistics New Zealand showed that New Zealand retail credit card spending climbed a seasonally adjusted 4.0 percent on month in April - after rising 0.8 percent in March.
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· A record 41,028 new homes have been
consented in the year ended March 2021
· March 2021
consent numbers the highest since the 1940s
· Record
number of new homes consented in Auckland
The number
of new homes consented is at an all-time high, showing a
strong and increasing pipeline of demand for the residential
building sector, says Minister for Building and Construction
Poto Williams.
Figures from Statistics
New Zealand released today show the number of new homes
consented in the year ended March 2021 is at an all-time
high of 41,028, due to an increase in consents for
higher-density housing.
“The figures show the
Government’s commitment to responding to increased housing
CANBERA (dpa-AFX) - The announcement by China's top economic planner that it was suspending activities under the China-Australia Strategic Economic Dialogue triggered a sell-off in the Australian
Asian Shares Mixed As Inflation Fears Ease
CANBERA (dpa-AFX) - Asian stocks turned in a mixed performance on Thursday amid cautious optimism around the economic reopening in the developed world. Meanwhile, comments from U.S. Treasury Secretary Janet Yellen and several Fed officials helped ease investor concerns about rising inflation.
Chinese shares ended slightly lower as markets resumed trading for the first time since last week. The benchmark Shanghai Composite index slid 5.57 points, or 0.16 percent, to 3,441.28, while Hong Kong s Hang Seng index rose 219.48 points, or 0.77 percent, to 28,637.46.
Japanese shares posted strong gains to mark their biggest percentage gain in two weeks as traders returned to their desks after a five-day holiday. Tokyo Governor Yuriko Koike said on Thursday an extended state of emergency was needed to contain infections that are straining the capital s medical system.