Topic: Daily Market Updates
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Aussie, kiwi at two-week lows after US jobs beat forecasts
The USD index approached two-week highs while the the Aussie and kiwi both dipped 0.5%. Markets stay focused on Wednesday night’s US inflation reading.
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US data disappointment continues
US recession fears spark risk aversion; German recession calls falter; and we wonder if we will have to wait until 2024 to see the UK cut interest rates?
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Kiwi jumps; AUD weaker
The kiwi jumped after a surprise 50bps hike, while the AUD weakened as poor US data continues.
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Sterling pounces on dull dollar
JOLTs surprise leaves a mixed feeling behind; the euro is buoyed by positive data, and the pound hits a 10-month high.
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<strong>Aussie lower after RBA holds; RBNZ in focus </strong>
The RBA has signaled that inflation will likely moderate in the coming months, while the RBNZ is expected to raise rates today.
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Recession fears outweigh inflationary risks, for now
Dollar erases gains as new data comes into focus; we look at how sterling usually appreciates in April, and the silent rise of European equities.