The Aussie and kiwi dollars skidded to multi-year lows on Wednesday after New Ze...
TOKYO - The Aussie and kiwi dollars skidded to multi-year lows on Wednesday after New Zealand’s central bank shocked markets by flagging the chance of negative interest rates, sending safe-haven assets soaring.
The yen, which was already firmer versus the dollar, raced higher against most currencies as the RBNZ’s surprisingly dovish stance inspired risk-off trades. “We were already on edge about all the U.S. tariffs against China, but now people are starting to question whether we’re headed toward some global recession,” said Kiyoshi Ishigane, chief fund manager at Mitsubishi UFJ Kokusai Asset Management Co in Tokyo.
The dollar fell 0.3% to 106.13 yen in Asian trading, but could face further losses after 10-year U.S. Treasury yields fell to a three-year low of 1.6580%, some analysts said. Market sentiment has deteriorated rapidly as a result, which would support the safe-haven yen and hasten yuan declines as there appears to be no quick resolution to the U.S.-Sino conflict.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
The biggest winners from the Fed’s rate cutAt last some good news, after plenty of the bad sort
Baca lebih lajut »
The Fed cuts rates for the first time in over a decadeInvestors are already hankering for more
Baca lebih lajut »
Goldman Sachs sees no trade deal before 2020 U.S. election, now expects three rate cutsGoldman Sachs said it no longer expects the United States and China to agree on ...
Baca lebih lajut »
Dispute with Japan not main factor behind Korea's July rate cut: minutesMost Bank of Korea board members saw a growing diplomatic dispute with Japan as ...
Baca lebih lajut »
Low Mortgage Rates, Rising Incomes Nudge Housing Affordability In The Right DirectionMortgage rates have hovered below 4% for 10 weeks now, and their impact on overall housing affordability is starting to show.
Baca lebih lajut »
Fed's Bullard says it will take time to gauge the effects of the interest rate cutBullard has been one of the biggest advocates for a cut, but did not commit to further moves in a speech he delivered in New York.
Baca lebih lajut »