FX News

FX update: Happy New Year

Key Points:

• The chances of a US recession is down a tad even though US CPI y/y came in slightly higher than predicted last week at 3.4% compared to forecast of 3.2%. Analysts are still suggesting we could see rate cuts as early as March.
• Australian inflation sank to a 2 year low of 4.3% down from 4.9% a significant shift towards the chances of the RBA easing interest rates earlier than predicted.

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