Kiwi dips, USD rises, on rate hike risk

Jun 16, 2021 | Currency

Bond yields have moved sharply higher overnight, with equities falling, after the FOMC ‘dot plot’ indicated two rate hikes in 2023, compared to none at its meeting in March, says Nick Smyth at BNZ Markets. The initial market reaction has also seen the USD strengthen with risk-sensitive currencies, including the NZD and AUD, underperforming. The […]

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Kiwi dips, USD rises, on rate hike risk

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