Wall Street closes near to daily highs

FXStreet (San Francisco) - The US stocks market advanced for second day as investors digested well weaker than expected confidence index from the housing sector and the Empire State index while higher March CPI and stronger corporate earnings fueled confidence.

The Dow Jones advanced 89.32 pts or 0.55% to finish the session at 16,262.56; the S&P 500 added 12.37 pts or 0.68% to close at 1,842.98; while the Nasdaq rose 11.47 pts or 0.29% to 4,034.16.

New Zealand CPI preview - RBS

"The RBNZ forecast path, obviously now with a wide confidence band, implies significantly more hikes than implied by the market. It sees a steady tightening cycle continuing albeit at a diminishing pace, taking rates to reach over 5.0% in around 2 years (the market sees a peak in cash rates at around 4.5% in around 2 years)."
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Conditions for sustained EUR depreciation not in place - ANZ

According to Brian Martin, Senior European Strategist at ANZ, conditions for sustained EUR depreciation do not seem to be in place, despite the verbal campaign by the ECB.
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