Central Banks Have Their Day in the Sun

The video discusses global interest rate changes, highlighting Korea, the Swiss National Bank, and New Zealand's rate cuts. It explains the Kiwi's rise against the dollar despite New Zealand's rate cut, due to the central bank's confidence in inflation targets. The crude oil market is analyzed, noting a rebound after OPEC's output target abandonment and US stockpile data. Glencore's market performance is reviewed, including its debt reduction strategy and potential IPO of its agricultural business.

What was the main reason for the Kiwi currency's rise despite New Zealand cutting rates?

• New Zealand's economy showed unexpected growth.

• The global demand for Kiwi increased.

• The US dollar weakened significantly.

• The central bank governor signaled no more rate cuts.

Which currency was the best performing against the US dollar in the last quarter?

• Pound

• Yen

• Kiwi

• Euro

What event caused crude oil prices to rebound after a decline?

• Global demand for oil surged.

• A new oil field was discovered.

• US stockpiles data showed a drop.

• OPEC increased its output target.

What significant financial move did Glencore announce recently?

• Acquisition of a new company

• Merging with Anglo American

• Exploring an IPO for its agricultural business

• Increasing its capital spending

How much has Anglo American's stock declined on the Footsie this year?

• 17%

• 50%

• 72%

• 85%