In order to rein in the country’s rampant housing market, the Reserve Bank of New Zealand (RBNZ) has added a debt-to-income instrument to its toolkit, the central bank Governor Adrian Orr said in a statement Wednesday in Wellington. Key quotes “We consider that a DTI limit would be a complementary tool to mortgage Loan-to-Value Ratio
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With millions and even billions of dollars at stake, industrial-scale yield farming is leading to pockets of resistance as some projects refuse to be left with the chaff. In the past week, team members from no-loss lottery project PoolTogether and exchange liquidity pool provider Curve Finance have proposed ways to reduce the load Yearn.Finance strategies
Auction at 1 PM ET The U.S. Treasury will Sell $24 billion of 20 year bonds at 1 PM ET. The current 20 year WI yield is trading at 2.13%. The averages for the key components over the last six auctions shows: Bid to cover: 2.33X Dealers: 24.5% Indirects: 58.0% Directs: 17.5% The bid to cover represents the total amount of
Price back toward the 200 hour MA The USDCHF has had a wild and volatile up and down trading day. The initial move was to the downside. That run saw the price cracked below its 200 hour moving average (green line currently at 0.8982) and then the 100 hour moving average near 0.8969. The price low extended to 0.8965
LONDON: Copper prices slid to seven-week lows on Tuesday as traders and funds cut bets on higher prices due to growing nervousness that top consumer China would soon move to curb further price rises. Benchmark copper on the London Metal Exchange was down 3.9 per cent at $9,587 a tonne in official trading. Prices of
Dollar jumps in early US session after strong, record making, PPI inflation data. The worse than expected retail sales and manufacturing data were shrugged off. Yen and Euro are following as next strongest for now. Sterling continues to be weighed down by delay in reopening and it’s trading and worst ones a long with commodity
Residential single family homes construction by KB Home are shown under construction in the community of Valley Center, California, U.S. June 3, 2021. Mike Blake | Reuters Builder sentiment in June fell to its lowest level since August, as construction costs pushed new home prices higher, sidelining buyers and making it harder for some builders
EUR/USD struggles make a decisive move in either direction on Tuesday. US Dollar Index retreats to 90.50 after renewing monthly highs. Retail Sales in US declined by 1.3% in May. After staying stuck in a very tight range during the Asian trading hours, the EUR/USD pair reached a daily high of 1.2148 in the European
EU proposes US to be added to the white list of countries of which non-essential travel to Europe is allowed The proposal is also said to also involve other countries such as Albania, Hong Kong, Lebanon, Macau, Macedonia, Saudi Arabia, Serbia, and Taiwan. EU member states are reported to have at least until 5pm tomorrow
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NASDAQ up for the third day in a row. Dow closes well of low of The major indices are closing mixed with the NASDAQ and S&P closing higher. The Nasdaq closed above the April 26th all time high close at 14138.79. The all time intraday high is at 14211.57. The S&P also closed at a new
Gold prices steadied on Tuesday, after falling to a near one-month low in the previous session, as investors awaited the US Federal Reserve meeting for further clarity on rising inflation and monetary policy going forward. Spot gold was flat at $1,866.15 per ounce, as of 0052 GMT, after falling to its lowest since May 17
The forex markets continue to be generally quiet today, stuck inside Friday’s range. Sterling is mildly lower on talks that UK Prime Minister Boris Johnson is going to delay easing of restrictions due to rise in the Delta variant infections. Yen is also trading lower together with Swiss Franc. Commodity currencies are generally firm, with
Bank of America CEO Brian Moynihan encouraged the Federal Reserve to ease up on its ultra-easy monetary policy, saying Monday that the urgency for the pandemic-related response is abating. Speaking a day before the central bank begins its June policy meeting, the head of the second-largest U.S. banks by assets told CNBC that inflation-related issues
AMC shares picked up on Monday, reached a daily high of $60.55. Wall Street closed mixed, as the focus is on the US Federal Reserve’s decision. AMC keeps struggling to remain afloat despite frenzy fundraising. Update June 15: AMC Entertainment Holdings Inc. (NYSE: AMC) rallied hard on Monday, extending the previous week’s recovery momentum towards the
All eyes are on Bitcoin (BTC), as the largest cryptocurrency shot up past $40,000 on June 14. Unsurprisingly, the price increase happened shortly after Tesla CEO Elon Musk tweeted that the electric-car company would potentially accept BTC payments once more miners confirm green energy initiatives. Yet while Musk’s tweet may have driven the price of