周二，随着国内投资者度假归来，新西兰基准标准普尔/NZX 50指数几乎没有变化，收于12783点。上周，新西兰储备银行行长阿德里安·奥尔表示，低而稳定的通货膨胀现在又回来了，央行正密切关注企业的定价意图。这支持了央行在11月再次大幅降息的理由。与此同时，投资者正在等待美国的关键经济数据以及中国的PMI数据，这些数据计划于本周晚些时候公布。在地缘政治方面，以色列对伊朗的报复性袭击以军事基地为目标，避开石油或核设施，为投资者缓解了中东持续冲突的压力。大型公用事业股涨跌互现，Contact Energy上涨1.05%，而Mercury NZ下跌3.2%，Meridian Energy持平。市场领导者斐雪派克也下跌2.1%。

New Zealand's benchmark S&P/NZX 50 index was little changed to close at 12,783 on Tuesday as domestic investors returned from a holiday. Last week, RBNZ Governor Adrian Orr said that low and stable inflation is now back in sight, with the central bank closely watching firms' pricing intentions. This supports the case for another supersize rate cut from the central bank in November. Meanwhile, investors are awaiting crucial economic data from the US, as well as PMI readings from China, which are scheduled for release later this week. On the geopolitical front, Israel’s retaliatory attack on Iran targeted military bases and avoided oil or nuclear facilities, offering investors some relief regarding the ongoing conflict in the Middle East. Large-cap utility stocks were mixed, with Contact Energy rising 1.05%, while Mercury NZ shed 3.2% and Meridian Energy was flat. Market leader Fisher & Paykel also lost 2.1%.

新西兰元在上一交易日触及三个月低点0.595美元后，周二保持在0.598美元左右。尽管如此，新西兰元仍面临压力，因为通货膨胀已恢复到目标范围，预计新西兰储备银行将大幅降息。投资者目前预计，央行将在11月举行的今年最后一次会议上降息0.5个基点，一些人预计将降息75个基点。从外部来看，由于以色列对伊朗的有限报复性打击缓解了中东紧张局势，避险需求减少，新西兰元正从美元走软中获得一些支撑。交易员们现在期待着本周晚些时候公布的关键美国经济数据，这可能会影响美联储的货币政策路径。

The New Zealand dollar held around $0.598 on Tuesday, after hitting a three-month low of $0.595 in the prior session. Still, the Kiwi remains under pressure as the Reserve Bank of New Zealand is expected to pursue aggressive interest rate cuts now that inflation has returned to its target range. Investors are currently pricing in a half-point rate reduction at the central bank’s final meeting of the year in November, with some anticipating a 75-basis-point cut. Externally, the New Zealand dollar is finding some support from a softer US dollar, amid reduced safe-haven demand after Middle East tensions eased on Israel’s limited retaliatory strike on Iran. Traders are now looking ahead to crucial US economic data releases later this week, which could influence the Federal Reserve's monetary policy path.

新西兰元50指数持平，周二中午左右交易于12777点左右，此前一个交易日有所下跌，因为交易员在假期结束后仍持谨慎态度，国债收益率持续上升。投资者继续消化新西兰储备银行行长阿德里安·奥尔上周的一份声明，该声明表明，尽管通胀前景较低，且在11月27日的董事会会议上有可能进一步降息，但央行仍将重点放在挥之不去的价格压力上。然而，在本周晚些时候公布一系列美国经济数据，包括第三季度GDP以及中国PMI数据之前，人们普遍持谨慎态度。在以色列对伊朗的空袭避开石油和核设施后，油价放缓，导致华尔街隔夜反弹，从而限制了损失。金融和房地产板块上涨，而主要消费品板块下跌。FC Investment和斐雪派克分别上涨1.6%和0.4%，而澳新银行集团和Ebos集团分别下跌1.4%和0.9%。

The NZX 50 was flat, trading at around 12,777 around noon on Tuesday, after a decline in the previous session, as traders remained cautious after returning from a holiday amid sustained rising Treasury yields. Investors continued to digest a statement from RBNZ Governor Adrian Orr last week, indicating that the central bank remains focused on lingering price pressures despite a lower inflation outlook and potential for further rate cuts at the November 27 board meeting. However, caution prevailed ahead of the release of a range of US economic data, including Q3 GDP, as well as PMI data from China later this week. Capping the losses was a rally on Wall Street overnight, driven by moderating oil prices after Israeli airstrikes in Iran avoided oil and nuclear facilities. Gains were seen in the financial and real estate sectors, while consumer staples declined. FC Investment and Fisher & Paykel rose by 1.6% and 0.4%, respectively, while ANZ Group and Ebos Group slipped by 1.4% and 0.9%.

周一，新西兰元跌至0.597美元左右，处于近三个月来的最低水平，因为对唐纳德·特朗普在即将到来的美国总统大选中获胜的预期上升，以及美联储在降息问题上更加谨慎的立场，美元进一步走强。在国内，交易员们已经完全消化了新西兰储备银行11月降息0.5个基点的影响，一些人还预计将降息75个基点，这将给新西兰元带来额外压力。在其他地方，在日本执政联盟失去议会多数席位后，新西兰元兑日元汇率上涨，这一结果被认为将减缓那里的进一步加息。

The New Zealand dollar slipped to around $0.597 on Monday, trading at its lowest level in nearly three months, as the US dollar strengthened further on rising expectations of a Donald Trump victory in the upcoming US presidential election and a more cautious Federal Reserve stance on rate cuts. At home, traders have fully priced in a half-point rate cut from the Reserve Bank of New Zealand in November, with some also anticipating a 75 basis-point reduction, exerting additional pressure on the kiwi. Elsewhere, the New Zealand dollar gained against the yen after Japan's ruling coalition lost its parliamentary majority, a result that is seen to slow further rate hikes there.