forex cross rate

SK Hynix (SKHY.O) shares rose 1.4% in after-hours trading in the US.

According to Japan's Yomiuri Shimbun, Japan and Germany are expected to reach an agreement on October 28 to establish a high-level dialogue mechanism on artificial intelligence.

1. Standard Chartered Bank: Expects a 25 basis point rate hike. New Zealand's current inflation level is 3.7%, higher than the 1% to 3% inflation target, and there is still a significant chance of further rate hikes. 2. Capital Economics: Expects a 25 basis point rate hike to address upside risks to inflation. The forecast for the final 25 basis point rate hike has been moved forward from March 2027 to December 2026. 3. TD Securities: Expects a 25 basis point rate hike due to a sharp deterioration in imported inflation and currency depreciation. The forecast for two 25 basis point rate hikes, one in December and one in February next year, has been maintained, and the terminal interest rate forecast has been revised upward from 3.25% to 3.50%. 4. ANZ Bank: Expects a 25 basis point rate hike, reaching 3.50% by March 2027. A weaker New Zealand dollar and rising oil prices have increased the upside risk of inflation, but interest rates should not be pushed above the neutral rate range without sufficient evidence. 5. ASB Bank New Zealand: Expects a 25 basis point rate hike and will maintain its inclination to conditionally tighten monetary policy further. It expects further 25 basis point rate hikes in December and February 2027, ultimately reaching 3.50%. 6. Bank of New Zealand: Expects a 25 basis point rate hike and signals the possibility of further rate hikes. Inflationary pressures have risen significantly since September, and the economic and price environment has changed. The Reserve Bank of New Zealand's peak interest rate is expected to be 3.75%. 7. Westpac: Expects a 25 basis point rate hike due to significant upside risks to inflation in the near term and to allow room for further rate increases. Further rate hikes are anticipated in December and February next year, bringing the rate to 3.5%. 8. ING: Expects a 25 basis point rate hike and will release a hawkish policy statement. The next rate hike is expected to occur in February 2027, rather than December, while not ruling out further hikes later in 2027. 9. Reserve Bank of New Zealand Shadow Committee: Most members recommended a 25 basis point rate hike, citing rising fuel costs and a weaker New Zealand dollar as factors that could further fuel inflation. However, several members favored allowing previous rate hikes more time to take effect on the economy. 10. A Reuters poll: 22 out of 27 economists expect the Reserve Bank of New Zealand (RBNZ) to raise interest rates by 25 basis points in October. 13 out of 23 economists expect the RBNZ's official cash rate to remain at 3.00% by the end of the year, but 9 expect it to rise to 3.25% in December.

Australia's S&P/ASX 200 index opened 29.80 points higher, or 0.34%, at 8879.90 on Wednesday, October 28.

According to the Financial Times, UK Chancellor of the Exchequer Healy will reverse his plan to cut limits on cash personal savings accounts. Healy will use Wednesday's budget to maintain the £20,000 annual tax-free limit for cash personal savings accounts, overturning the cuts proposed by former Chancellor Reeves.

Boeing (BA.N) has been awarded a $499.8 million contract amendment to provide engineering services and technical support for its Apache AH-64 helicopters.