The US dollar index
At the press time, ChinaA50 declined marginally by 0.10%, Hang Seng gained 0.65%, and Nifty50 added 0.12%. Meanwhile, Japan’s Nikkei225 is closed on Wednesday on account of Thanksgiving Day. Outside Asia, the Reserve Bank of New Zealand has announced a rate hike by 75 basis points . Earlier, the central bank was hiking its Official Cash Rate by 50 bps. The RBNZ hiked its OCR by 50 bps consecutively in five monetary policies. A bigger rate hike announcement by the RBNZ cleared that the central bank is worried about escalating inflationary pressures. The price rise index has not displayed signs of exhaustion nor has a peak yet confirmed.
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