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The Fed is done hiking and readying a full percentage rate cut by end next year. That’s what markets concluded from yesterday’s <0.1% ppt lower than expected CPI numbers. It triggered a mindboggling repositioning across the curve. It’s as if markets were waiting for one/any number to scoop up battered Treasuries.
Overview: The US dollar is trading with a firmer bias against all the G10 currencies ahead today's August US CPI report. Even increased speculation th
The combination of US yields at their highs and some intense pressure on emerging market currencies are maintaining the US dollar's status as a worthy
Fewer Americans apply for consumer debt; China's growth disappoints; Singapore rocked by more scandal; APRA tackles unlisted valuations; UST 10yr 3.80%; gold stable and oil lower; NZ$1 = 63.4 USc; TWI-5 = 70.7
China steps in to defend USDCNY 7.25 level via aggressive fixing. Risk sentiment improves amid the release of strong US data. Equities up, bond yields up, crude down, gold down, US dollar down