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28 Jul 2020

NZ FinMin Robertson: New Reserve Bank Act legislation tabled in parliament on Tuesday

New Zealand’s (NZ) Finance Minister Grant Robertson said on Tuesday, the “new Reserve Bank Act legislation is tabled in parliament today.”

New changes are undertaken to complement the recently updated monetary policy objectives, he added.

Earlier today, Foreign Minister Winston Peters announced the suspension of its extradition treaty with Hong Kong (HK).

NZD/USD stays below 0.6700

NZD/USD trades with mild gains amid a risk-on mood on coronavirus vaccine hopes but the further upside appears capped, in light of the US-China tensions.

At the press time, the kiwi adds 0.10% to trade at 0.6688.

Jul 28, 2020

S&P 500: Futures mildly bid above 3,200 as US Senators discuss fiscal package

S&P 500 Futures rise 0.35% while picking up the bids near 3,243.62 during the early Tuesday. The risk gauge recently benefited from the headlines sugg

USD/CAD Price Analysis: Refreshes seven-week low around 1.3350

USD/CAD recovers from multi-day low to 1.3351 during early Tuesday. Even so, the pair’s sustained trading below an ascending trend line from February