Daily Market Review by Charalambos Pissouros
Both the headline and core US #CPIs continued to accelerate in March, allowing market participants to maintain bets over an aggressive rate path by the #Fed in the months to come. That allowed the US dollar to stay in the driver’s seat against most of the other major currencies and pushed equities slightly lower. Overnight, the #RBNZ hiked rates by 50bps, but maintained its projections for the overall rate path, a move that could be characterized as a “dovish double hike”. Today, the central bank torch will be passed to the BoC which is also expected to hike by 50bps.
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