Page 7 - Shadow Board News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Mood is generally positive in Asian session today, with Hong Kong HSI leading other major indexes higher. While the G7 communique released after the meeting in Hiroshima drew furious response from both China and Russia, there was little reactions among investors. Dollar is trading mildly lower, followed by Canadian and Aussie. Kiwi is currently the stronger one as markets await this week's RBNZ rate hike. Yen is also recovering, followed by Euro and Swiss Franc. But overall, almost all major pairs and crosses are bounded inside Friday's range.

NZIER disclosed that its RBNZ Shadow Board is in disagreement over whether RBNZ should raise OCR the Official Cash Rate (OCR) this week. A "large number" of the Shadow Board members viewed a 25bps to 5.50% as "warranted". But "the rest" recommended to hold at 5.25%.

Above swing area and hourly MA

ESG leaders gathered at a Gala Luncheon at the Round Room in the Mansion House, Dublin for the 2nd year of the Business & Finance ESG Awards. 

The Reserve Bank of Australia meet, Tuesday, 7 March 2023, with its statement due at 2.30pm Sydney time. • 0330 GMT, which is 10.30 pm US Eastern time. The Bank will hike its cash rate again, by 25bp. Its way behind the inflation rate ( we get another monthly CPI indication in the data due today). ...