The report provides a daily update on global FX markets, highlighting USD strength amid hawkish Fed rhetoric, RBNZ hawkishness impacting NZD, and Korean FX stabilization measures.
Key Takeaways
- 1.The USD strengthened on hawkish Fed rhetoric, though traders are hesitant to chase pre-CPI data.
- 2.RBNZ hawkishness has driven significant NZD outperformance against the AUD.
- 3.South Korean authorities announced measures to stabilize FX markets alongside expected equity-related USD supply.
Table of Contents
- USD: Limited Appetite To Chase Pre-CPI
- JPY: Further Political Comments – Greater JGB Reaction
- NZD: Hawkish RBNZ Comments
- G10 Central Bank Pricing
- KRW: Further FX Outperformance – Mainly (But Not All) Technical
- Meme Of The Day
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Authors
Matt Atherton
Securities
KOSPIUSDJPYAUDNZD
Themes
European energy price concernsFed policy uncertaintyFX intervention risk
Regions
GlobalAsia PacificEuropeUnited StatesJapanNew Zealand
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