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Day: April 13, 2022

Dollar Broadly Firm after Record PPI, But Lacks Momentum Against Yen

Dollar is trading broadly higher today, with help by upside breakout against Yen. The greenback on remains firm after record PPI reading. Sterling is currently the second strongest, followed by Euro. On the other hand, New Zealand Dollar is trading as the worst performing, even after RBNZ’s 50bps hike. Kiwi followed by Aussie and and …

Dollar Broadly Firm after Record PPI, But Lacks Momentum Against YenRead More

RBNZ Come Out Swinging with Their Most Aggressive Hike in 22 Years

In true RBNZ style, the central bank came out swinging with a punchy 50 bps hike to tame inflation (and inflation expectations). Summary of today’s RBNZ statement: Increased the Official Cash Rate (OCR) to 1.50 percent Appropriate to continue to tighten monetary conditions High level of geopolitical tension and related economic sanctions on Russia Underlying …

RBNZ Come Out Swinging with Their Most Aggressive Hike in 22 YearsRead More

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