Economic Data and Policy Decisions Drive Markets This Week
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The ECB will release Bank Lending Survey data on Tuesday. On Wednesday, US CPI data will be published. The ECB announces policy decisions on Thursday.
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The US dollar index edged lower on Monday. Wall Street closed little changed. Long-term Treasury yields pulled back after hitting multi-year highs.
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The RBNZ is expected to leave interest rates unchanged at 5.5% on Wednesday. The bank aims for 1-3% inflation and maximum sustainable employment.
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The Australian dollar was little changed after consumer confidence data. AUD/USD traded above 0.6600 ahead of US CPI numbers.
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USD/JPY was near multi-decade highs near 152.00. BOJ GovernorComments failed to aid the struggling yen on Tuesday.