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Yen Slides Against Most Majors
The Japanese yen weakened against most major currencies in the Asian session on Wednesday.
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293 days ago
U.S. Dollar Falls Against Majors
The U.S. dollar weakened against other major currencies in the Asian session on Wednesday.
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293 days ago
Canadian Dollar Climbs Against Most Majors
The Canadian dollar strengthened against most major currencies in the Asian session on Wednesday.
The Canadian dollar rose to a 6-day high of 1.4071 against U.S. dollar, from Tuesday's closing value of 1.4097.
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293 days ago
NZ Dollar Advances Against Majors
The New Zealand dollar strengthened against other major currencies in the Asian session on Wednesday.
The NZ dollar rose to nearly a 4-month high of 88.89 against the yen and nearly a 3-week high of 2.0335 against the euro, from yesterday's closing quotes of 87.72 and 2.0584, respectively.
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293 days ago
Australian Dollar Rises Against Majors
The Australian dollar strengthened against other major currencies in the Asian session on Wednesday.
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293 days ago
Australia Inflation Rises To 3.8%
Australia's inflation accelerated in October largely driven by higher electricity costs, data published by the Australian Bureau of Statistics revealed on Wednesday. The monthly CPI rose 3.8 percent year-on-year in October after a 3.6 percent increase in September. Prices were expected to rise again by 3.6 percent. On a monthly basis, consumer prices remained flat in October.
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293 days ago
New Zealand Central Bank Cuts Key Rate By 25 Bps
The Reserve Bank of New Zealand reduced its benchmark rate by a quarter-point on Wednesday, to spur economic recovery. The Monetary Policy Committee, chaired by Christian Hawkesby, voted 5-1 to cut the overnight cash rate by 25 basis points to 2.25 percent. The bank has lowered the rate by 325 basis points since August 2024. With the latest reduction, the OCR hit the lowest since mid-2022.
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293 days ago
more news
European Shares Set To Extend Gains As Fed Rate-cut Bets Surge
European stocks may open higher on Wednesday, though trading activity is likely to remain somewhat subdued due to the U.S. Thanksgiving Day holiday on Thursday.
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293 days ago
Indian Shares Open Higher On Fed Rate Cut Hopes
Indian shares opened on a buoyant note Wednesday as a slew of weak U.S. data boosted expectations for a Federal Reserve interest rate cut next month.
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293 days ago
Australian Market Trims Early Gains In Mid-market
The Australian stock market is trimming its early gains in mid-market moves, extending the gains in the previous two sessions, with the benchmark S&P/ASX 200 moving above the 8,600 level, following the broadly positive cues from Wall Street overnight, with gains across most sectors led by technology stocks. Gold miner stocks were the only weak spot.
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293 days ago
Asian Markets A Sea Of Green
Asian stock markets a sea of green on Wednesday, following the broadly positive cues from Wall Street overnight, amid renewed optimism about an interest rate cut by the US Fed in December following the release of softer-than-expected US economic data and the recent dovish comments from US Fed officials. Asian markets closed mostly higher on Tuesday.
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293 days ago
Indian Shares Set To Open Higher On Fed Cut Hopes
Indian shares may open on a positive note Wednesday, mirroring firm cues from global markets as the combination of weak private payrolls and subdued retail sales figures from the U.S. boosted expectations for a Federal Reserve interest rate cut next month.
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293 days ago
Additional Support Anticipated For Thai Stock Market
The Thai stock market on Tuesday snapped the two-day losing streak in which it had slumped almost 30 points or 2.4 percent. The Stock Exchange of Thailand now sits just beneath the 1,270-point plateau and it may add to its winnings on Wednesday.
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293 days ago
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