周四，新西兰元兑美元汇率保持在0.601美元左右，接近两个多月来的低点，因为人们越来越期望美联储在未来几个月内将适度降息，唐纳德·特朗普赢得2024年总统大选的可能性也在上升，美元走强。在国内，新西兰元面临进一步的压力，因为新西兰储备银行预计将在11月的最后一次会议上再次降息50个基点，市场预计有75个基点的风险。此举将标志着央行今年第三次降息，此前8月降息25个基点，10月降息50个基点。

The New Zealand dollar held around $0.601 on Thursday, trading close to an over two-month low as the US dollar strengthened amid growing expectations that the Federal Reserve will pursue modest interest rate cuts in the months ahead and the rising odds of Donald Trump winning the 2024 presidential election. Domestically, the Kiwi faced further pressure as the Reserve Bank of New Zealand is expected to deliver another 50-bps rate cut at its final meeting of the year in November, with markets pricing some risk of a 75-point move. Such a move would mark the central bank’s third interest rate reduction this year, following a 25-bps cut in August and 50-bps reduction in October.

新西兰股市周四早盘下跌50点，跌幅0.4%，至12734点，在华尔街周三暴跌后，新西兰股市第三个交易日下跌，原因是美国国债收益率上升、美元升值和即将到来的11月大选导致市场波动加剧。与此同时，新西兰储备银行行长阿德里安·奥尔在周三的国际货币基金组织和世界银行年会上表示，新西兰的货币政策在未来几个季度仍将保持限制性，现金利率将保持在限制支出和通胀压力的水平。缓解看跌情绪的是，有猜测称，中国可能会设立2万亿元人民币的市场稳定基金来支持其资本市场。非能源矿产、公用事业和消费服务拖累NZX 50。在单股中，Vista Group Intl.跌幅最大（-2.6%），其次是Mercury NZ有限公司（-2.3%）、South Port NZ（-1.8%）、Winton Land有限公司（-1.4%）和Freightways Group（-1.0%）。

New Zealand's equities slipped 50 points or 0.4% to 12,734 in Thursday morning trade, retreating for the third session after Wall Street plunged on Wednesday due to increased market volatility stemming from higher US Treasury yields, a rising dollar, and the upcoming November election. Meanwhile, RBNZ Governor Adrian Orr said during the IMF and World Bank Annual Meetings Wednesday that monetary policy in New Zealand will remain restrictive in forthcoming quarters and that the cash rate will stay at a level that constrains spending and inflation pressures. Mitigating the bearish mood was speculation that top trading partner China might set a CNY 2 trillion market stabilization fund to support its capital market. Dragging down the NZX 50 was non-energy minerals, utilities, and consumer services. Among single shares, Vista Group Intl. dipped the most (-2.6%), followed by Mercury NZ Ltd. (-2.3%), South Port NZ (-1.8%), Winton Land Ltd. (-1.4%), and Freightways Group (-1.0%).

新西兰基准标准普尔/NZX 50指数周三下跌0.2%，收于12788点，连续第二个交易日下跌，进一步远离本周早些时候创下的33个月高点。在最近美国国债收益率飙升后，交易员越来越担心美国利率的前景。市场参与者也在密切关注紧张的美国总统选举。在企业方面，Fletcher Building的股价上涨了1.6%，尽管该公司告诉市场，其材料和分销业务在25财年第一季度的市场容量下降了10%至15%，预计这一情况将在本财年剩余时间内持续下去。奥克兰国际机场（-2.3%）、Mainfreight（-2%）和Contact Energy（-1.4%）等重量级公司出现了显著亏损。

New Zealand's benchmark S&P/NZX 50 index fell 0.2% to close at 12,788 on Wednesday, sliding for a second straight session and moving further away from a 33-month high reached earlier in the week. Traders are increasingly concerned about the outlook for US interest rates after a recent surge in US Treasury yields. Market participants are also keeping a close eye on a tight US presidential election race. On the corporate front, shares of Fletcher Building rose 1.6% even after telling the market that there was a decline of 10% to 15% in market volumes in its materials and distribution businesses in the first quarter of FY25, which is expected to continue over the rest of the financial year. Notable losses were seen from heavyweight firms such as Auckland Intl Airport (-2.3%), Mainfreight (-2%), and Contact Energy (-1.4%).

周三，新西兰元稳定在0.604美元左右，但交易接近两个月低点，因为投资者权衡了国内和美国的利率前景。在国内，交易员继续猜测，新西兰储备银行可能会在11月的最后一次会议上降息75个基点，而降息0.5个基点的价格已经完全反映在内。此举将标志着该央行今年第三次降息。与此同时，一系列强劲的美国经济数据降低了人们对美联储激进货币宽松政策的预期，导致美元走高。市场参与者也在密切关注即将到来的美国总统选举，该选举仍然竞争激烈。

The New Zealand dollar steadied around $0.604 on Wednesday, but traded close to two-month lows as investors weighed the interest rate outlook both domestically and in the US. At home, traders continued to speculate that the Reserve Bank of New Zealand might deliver a 75-basis-point rate cut at its final meeting of the year in November, while a half-point reduction is already fully priced in. Such a move would mark the central bank’s third interest rate cut this year. Meanwhile, a series of strong US economic data has reduced expectations for aggressive monetary easing by the Federal Reserve, sending the greenback higher. Market participants are also closely monitoring the upcoming US presidential election, which remains highly competitive.