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During the currency market’s trading today, Tuesday, the New Zealand dollar recorded strong profits and was the most profitable major currency by about 1.63%, benefiting from some positive developments in the currency market, which positively affected its trading, especially the statements of New Zealand Reserve Governor Adrian Orr.
During his statements today, Tuesday, the Governor of the Reserve of New Zealand, Adrian Orr, warned that there is expected to be a long period of faster inflation that requires a monetary policy response, adding that if prices continue to rise and the price of the basket of goods and services that we consume changes, then there will be responses He acted on monetary policy, which might strongly indicate the tightening of monetary policy faster than expected, and the possibility of raising interest rates strongly during the coming period, and thus this was reflected positively in the movements of the New Zealand dollar in the currency markets.
US futures rose on Tuesday, and the Dow Jones and S&P 500 indexes are likely to hit record highs at the open, as traders welcome a batch of strong corporate earnings results.
The US Treasury confirmed in a press release today, Tuesday, that US Treasury Secretary Janet Yellen and the Chinese Vice-Premier discussed the macroeconomic and financial developments in the United States and China.
The statement noted that the US Treasury Secretary frankly raised the issues of concern during a virtual meeting Monday with the Chinese Vice Premier, but the contentious issues discussed during this conversation were not specified.
New Home Sales in the US surged by 14% in September compared to a contraction of 1.4% in August, the data published by the US Commerce Department revealed on Tuesday. This reading surpassed the market expectation for an increase of 1.5% by a wide margin. the median sale price rose by 18.7% on a yearly basis to $408,000.
The Confederation of British Industry’s (CBI) latest Distributive Trades Survey showed on Tuesday that the Retail Balance in the UK improved to 30 in October compared to 11 in September
