The US CPI and the US Dollar Are Undergoing a Narrative Shift

Friday 14th July 2023

NAB Markets Research Disclaimer 

Financial Services Guide | Information on our services - NAB

There’s been no backtracking (so far) on the positive response to the US CPI numbers on Wednesday. US equities rose higher on Thursday, bond yields fell further and so did the US dollar. NAB’s Gavin Friend talks us through the market moves, including the rise in the Aussie dollar, despite weaker than expected trade data from China. The UK also had some positive news, with GDP managing to avoid going into the red, just. A quiet end to the week, with Euro area trade data the only notable figures, along with the Michigan consumer sentiment survey.

Hosted on Acast. See acast.com/privacy for more information.