Region: Asia Pacific

The kiwi jumped after a surprise 50bps hike, while the AUD weakened as poor US data continues.

The RBA has signaled that inflation will likely moderate in the coming months, while the RBNZ is expected to raise rates today.

US shares have surged after a weaker than expected PCE inflation reading, while the Aussie and NZ dollars ease from recent highs.

All eyes on the Reserve Bank of Australia today, with analysts split over potential rate increase.

US shares extend this week’s gains, while the Aussie and kiwi ride a more hopeful mood.