The New Zealand dollar fell sharply during yesterday's trading, after the Central Bank of New Zealand announced the reduction of interest rates, unexpectedly, in addition to referring to the need for further expansion in monetary policy to support the inflation rates, which activated selling New Zealand dollar operations.

New Zealand dollar against the US dollar is trading at the level of 0.6637 and after it recorded today the highest level at 0.6645 and the lowest level in a week at 0.6619, comes after a sharp decline witnessed yesterday when the pair recorded a low at 0.6631, as it recorded the highest level at 0.6810 as yesterday's session opened at 0.6742.

Low levels of NZD comes after the central bank of New Zealand joined the world's central banks to participate in the increase stimulus and easeing in the monetary policy in order to try to raise inflation.

Interest rates fell to the level of 2.25%, a new low after it was 2.5%, this comes after the inflation index dropped over the past weeks to its lowest level in 22 years.

One of the main reasons behind the lower interest rates in New Zealand was weak demand from China, which is the largest trading partner of New Zealand, in addition to the slowdown in the global economy in general.

This and the Central Bank of New Zealand Prime Wheeler pointed out that the economy may be in need of further stimulus measures that will ensure the return of inflation close to the the targeted area.

China's economy witnessed today the release of data about inflation during the month of February, where the annual consumer price index witness a rise of 2.3% compared with expectations and previous reading, which was higher by 1.8%.

While on the other hand, the annual producer price index in February fell by 4.9% to approve expectations while the previous reading experienced a decline by 5.3%.

Gold prices fell during trading on Thursday for the third straight session in light of the decline in demand for commodities in the financial markets with the tensions over the intervention of the world's central banks to stimulate the market to cope with the decline of inflation and growth rates.

Silver prices are currently trading at $ 15.25 an ounce after the session opened today at $ 15.27 an ounce to a record its highest level at $ 15.31 an ounce and the lowest level at $ 15.21 an ounce, this comes after silver prices fell yesterday to their lowest levels since the beginning of the week at 15.16 dollars per ounce.

The current decline in silver prices comes amid rising tensions in the financial markets, which reduced demand for commodities, especially after the decline in demand by China, which is the first goods consumer in the world.

On the other hand, we find that the global stock indices continued to rise and recovery which reduced the demand for silver as a safe haven and alternative investment in the financial markets, especially with markets waiting for the decision of the European Central Bank at its meeting later in the day session.

The dollar index, which tracks the performance of the dollar against a basket of major currencies witnessed a rise today, to hit the highest level at 97.42 after it opened the session today at 97.27, its highest level at 97.42 and the lowest at 97.22.

Asian stocks rose during trading on Thursday for the first time this week and in light of expectations that central banks will provide more support and stimulus, in order to support the growth rates as well as pushing rates of inflation to the target levels.

The MSCI Asia Pacific Index rose 0.4%, reaching the level of 125.51, to offset a three-session of losing, this comes after a rise in US stocks at the expense of higher crude oil prices, and befor the European Central Bank meeting.

Japanese stocks rose in today's trading, the wider Topix index in Japan rose 1.19% to witness adding 12.37 points, up to the level of 1049.02, while for the Nikkei main 225 Japanese shares rose 1.22% to win 202.93 points, up to the level of 16845.13.

Chinese stock indices witnessed a decline in today's trading, where CSI 300 Index saw a drop of 0.1% losing 3.04 points, reaching the level of 3068.87, as the Shanghai index down 0.14%, losing 4.02 points reaching to level 2858.54.

While the Hang Seng index of Hong Kong shares rise 0.67%, to witness adding 134.72 points, reaching the level of 20130.98 and the Kospi index of South Korean shares rose 0.54% to win 10.56 points, reaching the level of 1963.51.

The NZX 50 Index of the shares of New Zealand rose by 0.55%, to win 35.55 points, reaching to the level 6492.81, on the other hand, S & P / ASX 200 index of shares of Australia rose by 0.19% to win 9.61 points reaching the level 5166.8.