Bank of Korea Holds Interest Rates Steady as Weak Won Limits Policy Flexibility 
Japan’s Inflation Edges Higher in October as BOJ Faces Growing Pressure to Hike Rates 
Brazil Central Bank Plans $2 Billion Dollar Auctions to Support FX Liquidity 
RBA Signals Possible Rate Implications as Inflation Proves More Persistent 
Singapore Maintains Steady Monetary Outlook as Positive Output Gap Persists into 2025 
BOJ Seen Moving Toward December Rate Hike as Yen Slides 
Fed Officials Split as Powell Weighs December Interest Rate Cut 
New RBNZ Governor Anna Breman Aims to Restore Stability After Tumultuous Years 
BOJ Governor Ueda Meets Key Ministers as Markets Eye Policy Shifts Under New Leadership 
Kazakhstan Central Bank Holds Interest Rate at 18% as Inflation Pressures Persist 
Fed Rate Cut Odds Rise as December Decision Looks Increasingly Divided 
As expected, the Reserve Bank of New Zealand (RBNZ) lowered interest rates by 50 bpbs to 4.75%. The RBNZ said that it is appropriate to cut the rate by 50 bpbs to achieve and maintain low and stable inflation. The inflation is maintained with its target range 1-3% and converging on the 2 percent midpoint.
Business investment and consumer spending have been weak, and employment conditions continue to soften
Global economic growth remains below its long-run trend and is expected to remain so for the year ahead. Economic growth in the United States and China is expected to slow.
Members agreed that increasing excess capacity leads to lower inflationary pressure in the New Zealand economy. Economic growth is partly weak because of low productivity growth, but mostly due to weak consumer spending and business investment.
Major resistance- 0.6205
Near-term resistance - 0.6150
Minor support- 0.6050,0.6000
Trend reversal level- 0.6620
