MacroBusiness Access Subscriber Only Content at 7:24 am on April 13, 2021 | 4 comments It was an evening of paralysis for the Australian dollar as markets wait for key US data. The same goes for DXY: The Australian dollar was overall weak versus developed markets: There are 2136 words left in this subscriber-only article. Event Wrap FOMC member Bullard said that while it was too early to start taking about changing policy, and he would leave it up to Chair Powell to initiate the discussion on tapering, once 75% to 80% of the population is vaccinated, “it will be time to start assessing where we want to go next.” He also noted that It will be difficult to interpret CPI data due to base effects as well as supply chain bottlenecks, with better comparisons to be made in the second half of this year. He was encouraged by the price increases to date, and would like to see market and survey-based inflation expectations rise further. He has no concerns over systemic risks.