Important part of ECB decision is any signal of rate cut timing after US CPI shocks market
- Hot US CPI reading may be in rear view mirror but effects persisting today as traders bet that the inflation fight is not over.
Source: fxstreet.com
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Markets looking to US CPI and FOMC Minutes Wed night – RBNZ rate decision tomorrow
Asia Market Update: Quieter day in Asia; NZ Bus Confidence & AU Consumer Confidence down; Korea govt joins chip wars; Markets looking to US CPI and FOMC Minutes Wed night; RBNZ rate decision tomorrow.
Source: fxstreet.com
Bond yields climb from better than expected Nonfarm Payrolls
EU mid-market update: Most assets rally, led by crypto and metals, as bond yields climb from better than expected nonfarm payrolls.
Source: fxstreet.com
Price action remains subdued ahead of key US/EU data in coming days
- Focus on 2nd reading of US Q4 GDP data. - RBNZ kept its policy steady and softened its previous threat to lift rates even further.
Source: fxstreet.com
Central bankers continue to dial back rate cut expectations
- German Ifo business sentiment data which were in line with analyst expectations.
Source: fxstreet.com