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PropMarketCapFRESHMacroeconomics and central banks

RBNZ left the rate at 2.75% instead of the expected 3% - NZD/USD fell below 0.5600

The Reserve Bank of New Zealand (the country's central bank) unexpectedly did not raise the key rate overnight on October 28, although almost everyone expected it to: the decision was made by a 4-3 vote. The New Zealand dollar moved lower in the first minutes after the publication.

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Gold falls for the fourth session in a row and hits $4,100

XAU/USD touched a fresh weekly low: on Tuesday gold closed at $4,122 (-0.43%), and in the Asian session on Wednesday it traded around $4,115 (-0.2%). This is the fourth consecutive day of decline, all because the market expects the Fed to raise rates rather than cut them.