The RBNZ’s latest Survey of Expectations pointed to a September hike and firmer growth, yet NZD fell across the board — because markets had already priced the hawkish rate path and instead traded an 81-basis-point collapse in near-term inflation expectations.
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Eurozone industrial production lost momentum in June, slowing from 0.3% to 0.0% m/m, while EU output eased from 0.3% to 0.2%. On annual basis, production was only 0.1% higher y/y in Eurozone and 0.6% higher Read more…
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The US dollar strengthened against commodity currencies following the release of July US inflation data. The annual Consumer Price Index (CPI) came in at 3.4%, exactly in line with forecasts and down from the previous Read more…