Higher July CPI raises risk of November hike, but is not enough to lock one in. When we last updated our rates view on 29 July, we said that the risk of a rate hike in November could not be ruled out, but it was no longer the base case. The strong July monthly CPI […]
The post RBA Hike Odds Have Risen, But Not Odds-On appeared first on ActionForex.
Key Highlights USD/JPY could attempt a fresh increase if it clears the 159.60 resistance. A bullish trend line is forming with support near 158.90 on the 4-hour chart. WTI Crude oil prices might resume its Read more…
Tokyo inflation firmed in August, adding fresh support to case for another BoJ rate hike as soon as September. Headline CPI rose from 1.8% to 1.9% y/y, CPI excluding fresh food increased from 1.7% to Read more…
Boston Fed President Susan Collins pushed back against arguments for an immediate rate hike, saying latest inflation report was “mixed” and still consistent with gradual disinflation. While she acknowledged overall reading was “maybe a bit Read more…