The Nasdaq hit another record high on Thursday whilst the Dow Jones and S&P 500 were flat on the day. The US Dollar weakened against most major peers.<\/p>\n
The 10-year Treasury yield picked up after several days of declines pushed yields to multi-week lows. Investors shrugged off US labour data which showed the labour market recovery stalling and instead focused on increased debt supply prospects.
\nRisk sentiment deteriorated in the Asian session. Hong Kong\u2019s Hang Seng futures point to a weaker start along with Japan\u2019s Nikkei 225 index.<\/p>\n
New Zealand economic data is lifting the Kiwi higher. Quarterly inflation data beat analysts\u2019 forecasts rising 1.4% on a year-over-year basis. This is the latest sign of the recovery.
\nThe data eased expectations of further easing boosting the Kiwi versus most of its major peers.. Westpac Bank, earlier this week, adjusted its forecast and now expects the RBNZ to keep its official cash rate (OCR) at 0.25%.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Nasdaq hit another record high on Thursday whilst the Dow Jones and S&P 500 were flat on the day. The US Dollar weakened against most major peers. The 10-year Treasury yield picked up after several days of declines pushed yields to multi-week lows. Investors shrugged off US labour data which showed the labour market […]<\/p>\n","protected":false},"author":163946597,"featured_media":47308,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1659,1381],"tags":[1649,3097,1398],"class_list":{"0":"post-107979","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-nzd","8":"category-usd","9":"tag-nzd","10":"tag-nzd-usd","11":"tag-usd"},"acf":[],"yoast_head":"\n