Strong US CPI lifts US rates and USD

Oct 13, 2023 | Currency, Economy, Money Market

The market focus was on the US CPI report overnight and a strong underbelly of inflation played to the higher for longer rates narrative, driving US rates and the USD much higher, noytes BNZ Markets this morning. The NZD and AUD performed poorly overnight, with the NZD languishing back down at 0.5930, says Jason Wong, […]

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Strong US CPI lifts US rates and USD

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