FX News

Key Points this Week:

US Inflation is still on the rise, further tightening is unavoidable
US CPI seals the deal for another 75-point hike at the Fed’s next policy meeting
The US Dollar soured after the CPI read this morning sending the USD/JPY, AUD/USD, USD/CAD, and NZD/USD to multiyear extremes
NZ September Manufacturing PMI 52.0 vs 54.8
China has no set timeframe for the exit of their zero covid strategy
Germany receives first direct gas delivery from France to ease the energy crunch
US Jobless claims 228k vs 225k
The British Pound (GBP) was the strongest currency this week while the Australian Dollar (AUD) the weakest.

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