unchanged. New Zealand has left the recession territory
The People's Bank of China set the average rate at 7.1192 per dollar, the weakest since November 2023 and the biggest one-day move since April 16. Meanwhile, earlier on Thursday, the People's Bank of China (PBoC) left key lending rates unchanged at the June fixing, matching market expectations. The 1-year prime rate (LPR) was left at 3.45% and the 5-year LPR at 3.95% after a record 25 basis points cut in February.
The New Zealand dollar rose against the US dollar thanks to stronger-than-expected first-quarter GDP data. New Zealand's economy grew by 0.2% in the first quarter compared to 0% in the previous quarter, beating expectations. On an annualized basis, GDP increased by 0.3% in the first quarter, compared to a contraction of 0.2% in the previous quarter.
Latest changes in the stock market:
🔼 Dow Jones Index (US30) up by 0.15%;
🔼 S&P 500 Index (US500) up by 0.25%;
🔼 NASDAQ Technology Index (US100) up by 0.17%;
🔽 German DAX (DE40) down by by 0.35%;
🔽 French CAC 40 (FR40) down by 0.77%;
🔽 Spanish IBEX 35 (ES35) down by 0.10%;
🔼 British FTSE 100 (UK100) up by 0.17%