Global Central Bank Easing Cycle Grinds along in October

LONDON, Nov 5 Reuters The global monetary easing cycle ground along in October, with central banks across developed and emerging economies lowering interest rates ahead of the year39;s biggest geopolitical event, the U.S. election. Three of the four central banks overseeing the 10 most heavily traded currencies that held meetings in October lowered benchmarks. Central […]
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New Zealand Central Bank Paints Grim Economic Outlook

WELLINGTON, Nov 5 Reuters New Zealand39;s central bank painted a bleak economic picture on Tuesday, citing rising unemployment and delayed business investment plans due to financial hardships. The Reserve Bank of New Zealand39;s RBNZ semiannual Financial Stability Report said weakness in domestic economic activity had become more pronounced and a combination of subdued global growth […]
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Gold Holds Steady as US Election Looms

Bullion could hit 2,800 after US election, analyst says Gold has risen 33 so far this year Traders widely expect a 25bp Fed rate cut on Thursday Nov 5 Reuters Gold prices held steady on Tuesday as market participants braced for the outcome of the U.S. presidential election, with opinion polls suggesting a neckandneck race between Democrat […]
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