Episode Details
Back to EpisodesSofter US CPI supports risk appetite despite geopolitical tensions
Description
US dollar weakens on softer CPI, but Warsh keeps rate hikes on the table. Focus shifts to today’s PPI report after Middle East hostilities persist. US equities ignore higher oil prices, benefit from strong earnings and lower Fed hike bets. Aussie maintains gains despite weak Chinese data; loonie rally threatened by a dovish BoC.
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