Markets calm down, Kiwi lower

Jul 7, 2022 | Currency, Economy, Money Market

7.7.22 Market sentiment shows signs of stabilising, helped by a better-than-expected ISM Services survey, notes BNZ Markets this morning. US Treasury rates have rebounded overnight, with the 10-year rate increasing 12bps, while the USD has appreciated to a fresh 20-year high on a DXY basis, says Nick Smyth. “Recession fears still linger, but a stronger-than-expected […]

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Markets calm down, Kiwi lower

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