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.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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