Bonds cheer Fed talk of cuts, New Zealand dollar flies

Asian stocks briefly made one-week highs on Wednesday, bonds rallied and the dollar sank on new hints at US interest rate cuts, while the New Zealand dollar jumped after its central bank said another hike may be necessary if inflation proves stubborn. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.5 per cent in […]

This post was originally published on Michael West.