正如预期，欧洲央行维持利率不变，但强化了之前的说法，即通胀消退将允许降息。 欧洲央行正在阅读数据，并指出许多成员国目前遭受的深度衰退正在杀死通胀。 这与美国经济形成鲜明对比，由于强劲的货币和财政刺激，美国经济从未陷入衰退。 欧洲央行很可能会在美联储看到机会之前开始降息。 随着利差扩大，这将给货币带来下行压力。 由于美元仍然具有吸引力，美国债券收益率仍保持买盘，而欧洲利率则保持不变。 尽管核心通胀率仍然很高，但美国生产者物价指数（PPI）疲软，为通胀叙事增添了一些视角。 在关键 GDP 数据公布之前，欧元回落至 1.0700，而英镑则交投于 1.2550。
美国CPI数据的冲击逐渐消退，商品货币趋于稳定。 纽元回升至 0.6000，而澳元则在 0.6550 附近交易。 日元进一步暴跌，交投于 153.30 上方，这绝对是干预区域。 尽管利率上升对经济增长产生了破坏性影响，但通货膨胀仍然是一个因素。 英国遭受了严重的经济衰退，市场正在期待今晚的 GDP 数据为正值，以证明隧道尽头出现了一些曙光。
The ECB left rates unchanged, as expected, but reinforced the previous narrative, that inflation easing will allow interest rate cuts. The ECB are reading the data and noting that the deep recession currently being suffered by many member nations, is killing the inflation cancer. This is in stark contrast to the US economy, which has never plunged into recession, due to robust monetary and fiscal stimulus. It appears likely, that the ECB will begin to cut rates, before the Fed can see the opportunity. This would add downward pressure to currencies as interest rate differentials widen. US Bond Yields remain bid, while European rates held ground, as the US Dollar remains attractive. US PPI was soft, adding some perspective to the inflation narrative, although core inflation remains high. The EUR fell back to 1.0700, while the GBP trades 1.2550, ahead of key GDP readings.
The shock of the US CPI reading faded and the commodity currencies settled. The NZD headed back towards 0.6000, while the AUD trades around 0.6550. The Yen has crashed further, to trade above 153.30, which is definitely intervention territory. Inflation remains a factor, despite the debilitating impact of elevated interest rates, on economic growth. The UK has suffered a deep recession and markets are looking for a positive GDP number tonight, to show there is some light at the end of the tunnel.
美国CPI数据的冲击逐渐消退，商品货币趋于稳定。 纽元回升至 0.6000，而澳元则在 0.6550 附近交易。 日元进一步暴跌，交投于 153.30 上方，这绝对是干预区域。 尽管利率上升对经济增长产生了破坏性影响，但通货膨胀仍然是一个因素。 英国遭受了严重的经济衰退，市场正在期待今晚的 GDP 数据为正值，以证明隧道尽头出现了一些曙光。
The ECB left rates unchanged, as expected, but reinforced the previous narrative, that inflation easing will allow interest rate cuts. The ECB are reading the data and noting that the deep recession currently being suffered by many member nations, is killing the inflation cancer. This is in stark contrast to the US economy, which has never plunged into recession, due to robust monetary and fiscal stimulus. It appears likely, that the ECB will begin to cut rates, before the Fed can see the opportunity. This would add downward pressure to currencies as interest rate differentials widen. US Bond Yields remain bid, while European rates held ground, as the US Dollar remains attractive. US PPI was soft, adding some perspective to the inflation narrative, although core inflation remains high. The EUR fell back to 1.0700, while the GBP trades 1.2550, ahead of key GDP readings.
The shock of the US CPI reading faded and the commodity currencies settled. The NZD headed back towards 0.6000, while the AUD trades around 0.6550. The Yen has crashed further, to trade above 153.30, which is definitely intervention territory. Inflation remains a factor, despite the debilitating impact of elevated interest rates, on economic growth. The UK has suffered a deep recession and markets are looking for a positive GDP number tonight, to show there is some light at the end of the tunnel.
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