UPDATE 2-New Zealand c.bank signals rate hike in 2022 as growth returns
* Kiwi jumps to three-month high, above 73 U.S. cents (Adds Governor Orr's comments from a press conference, analyst views)
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* Kiwi jumps to three-month high, above 73 U.S. cents (Adds Governor Orr's comments from a press conference, analyst views)
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* Kiwi jumps to three-month high, above 73 U.S. cents (Adds Governor Orr's comments from a press conference, analyst views)
MacroBusiness Access Subscriber Only Content Yesterday the NZD carried the Australian dollar higher after a hawkish RBNZ statement: Now that operational constraints have been addressed and the OCR can be lowered further if necessary, we believe it is appropriate to return to our long-standing practice of publishing an OCR projection (figure 2.17). This projection is conditional, in that it communicates the policy path required to meet our monetary policy objectives subject to the economic outlook and the assumed impacts of other monetary policy tools. Future changes in the economic outlook sh...
by Tyler Durden Wednesday, May 26, 2021 - 07:52 AM US equity futures rose on Wednesday, rebounding from a modest dip the day before as more central-bank officials joined the chorus predicting that inflationary pressures are transitory, while a recent dip in bond yields supported Nasdaq futures climb for a third straight session. At 7:15 a.m. ET, Dow e-minis were up 82 points, or 0.24%, S&P 500 e-minis were up 14 points, or 0.33%, and Nasdaq 100 e-minis were up 51.25 points, or 0.38%. Treasuries and the dollar were roughly flat, recovering from an earlier drop. BItcoin soared back over $40,0...