Here's our summary of key economic events overnight that affect New Zealand, with news today's Fed positioning is less hawkish than markets had expected. In remarks after the policy announcement, Fed boss Powell said their next move is unlikely to be a rate hike. The Kiwi dollar starts today unchanged from yesterday at just over 59 USc. That all means our TWI-5 starts today just on 68.8 and down -10 bps from yesterday. The bitcoin price starts today at US$57,694 and another -4.3% lower that this time yesterday.

Source: New Zealand Herald May 01, 2024 22:45 UTC