Greenback drops on surprise CPI, rates slide, Kiwi up,

Nov 11, 2022 | Currency, Economy, Money Market

12.11.22 A much weaker US CPI print drove a massive market reaction with US equities surging, a significant fall in rates as the market pares back Fed rate hike expectations, and a much weaker USD, says BNZ Markets this morning. “Fed officials welcomed the inflation news but emphasised the need for further hikes, even if […]

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Greenback drops on surprise CPI, rates slide, Kiwi up,

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