Daily FNArena News - FYI

The Reserve Bank of New Zealand has again lifted official interest rates, but the market is coming to the conclusion the peak of the cycle is at hand.

The market is factoring in a rate rise when the RBNZ meets this week, but Stephen Koukoulas at TD Securities sees reasons why the bank won’t move.

It’s inflation week in Australia as Tuesday sees the release of the march quarter CPI which should influence the RBA’s rate decision next month.

The Chinese economy is still proving a runaway train, leading to fears of more drastic containment measures from the government.

The Dow reached its highest ever close last night, unconvincingly signalling a shake off of sub-prime, carry trade and earnings fears.

Weekly musings from your editor.

March inflation in the US was less than expected, but the Bank of England has been asked to “please explain”.

Forecasts for the Australian dollar against the US currency are being revised higher as conditions remain in favour of further gains.

The release of the New Zealand CPI is usually a precursor to inflation indicators in Australia.

An Aussie dollar above US$0.82 is a rare occurrence but specialists at Deutsche Bank and Commbank see higher highs in the coming weeks.