FX News

This Weeks Key Points:

Key Points:

RBNZ’s Orr speaking this morning says there will be at least two more rate hikes by the central bank, Orr believes NZ won’t drop into a recession when the third quarter GDP results are published on the 15th of December
The US Government’s latest 3B tranche of military assistance for Ukraine will be welcomed, it includes AeroVironment’s Puma drones and ammunition from General Dynamics
The Jackson Hole symposium in Wyoming starts midweek with Powell speaking midday today on global economic outlook
NZ Retails figures for the June quarter were down 2.3% or a seasonally adjusted 26B
The Australian Dollar (AUD) is the strongest currency this week while the Euro (EUR) is the weakest on the main board of currencies
Bank of Japan’s member Nakamura said the central bank will continue its powerful easing because of the current high inflation and unsustainable energy prices
The Bank of England may look to ramp up its rate hikes over the coming months due to spiralling inflation expectations with recent figures suggesting we may see inflation pricing pass 15.0%
The Euro (EUR has fallen below parity against the US Dollar (USD) to a 0.9900 low earlier this week the first time this has happened since December 2002

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