New Zealand Business NZ PMI (Mar) 53.2 (Prev. 55.0)
The New Zealand Business NZ PMI for March has printed at 53.2, down from 55.0 previously.
Peruvian Interest Rate Decision 4.25% vs. Exp. 4.25% (Prev. 4.25%)
Shipping traffic in Strait of Hormuz was down on Thursday as just six ships travelled through the strait with two oil tankers among the six ships, according to CBS
New Zealand Business NZ PMI (Mar) 53.2 (Prev. 55.0)
Air raid alarms were activated in Tel Aviv, while Israeli military says Hezbollah launched a missile at Israel which set off air raid alarms
Ecuador raises the duty on Colombian imports to 100% from 50%, citing Colombia's failure on border security
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This decline could indicate a slowing pace in manufacturing activity, which is significant as it suggests potential headwinds for economic growth. Traders should consider how this might influence the RBNZ's monetary policy outlook and the NZD's positioning against other currencies.
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