The Reserve Bank of New Zealand raised interest rates by 25 basis points to 1% today. The central bank has signalled that it will continue to take a more aggressive approach to tighten monetary policy.
The Russian ruble has dropped to a fresh 15-month low against the US dollar on Tuesday after Russian President Vladimir Putin signed a decree to recognize two breakaway regions of eastern Ukraine as independent entities.
The maker of semiconductors for video games Nvidia (NASDAQ: NVDA) stock popped 9% on Tuesday ahead of the earnings report. The company is scheduled to report fourth-quarter 2021 earnings results today after market close.
The gold price has been benefitting from a safe haven play as uncertainty around global markets continues. The metal reached a fresh 8-month high of $1879 on Tuesday early morning.
The great British pound slightly rebounded from the early losses following the release of UK macro-economic data. However, the overall momentum remains mixed after the currency pair experienced a sharp slide on Thursday.