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Inflation in no hurry to come down, and neither is the US dollar

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Manage episode 450035137 series 1400104
Content provided by NAB - The Morning Call and Phil Dobbie. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NAB - The Morning Call and Phil Dobbie or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

Thursday 14th November 2024


NAB Markets Research Disclaimer

Financial Services Guide | Information on our services - NAB


The US dollar continues to push higher, with the AUD one of the main casualties. The PBoC is also clearly concerned about the weakness on the CNY. It’s not just the dollar that is staying high - US inflation is taking a while to come down. The CPI number overnight was as expected, though markets seem to be reacting as though they are relieved it wasn’t higher. As a result, pricing for a December rate cut increased slightly. Locally, the Australian Wage price Index slowed a little more than expected, but not enough of a move to change the timing for the RBA. NAB’s Taylor Nugent joins Phil to discuss all this, plus all the rest of today’s market news.



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

  continue reading

1285 episoade

Artwork
iconDistribuie
 
Manage episode 450035137 series 1400104
Content provided by NAB - The Morning Call and Phil Dobbie. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NAB - The Morning Call and Phil Dobbie or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

Thursday 14th November 2024


NAB Markets Research Disclaimer

Financial Services Guide | Information on our services - NAB


The US dollar continues to push higher, with the AUD one of the main casualties. The PBoC is also clearly concerned about the weakness on the CNY. It’s not just the dollar that is staying high - US inflation is taking a while to come down. The CPI number overnight was as expected, though markets seem to be reacting as though they are relieved it wasn’t higher. As a result, pricing for a December rate cut increased slightly. Locally, the Australian Wage price Index slowed a little more than expected, but not enough of a move to change the timing for the RBA. NAB’s Taylor Nugent joins Phil to discuss all this, plus all the rest of today’s market news.



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

  continue reading

1285 episoade

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