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Big dollar breaks down after latest cycle high in US CPI Big dollar breaks down after latest cycle high in US CPI Big dollar breaks down after latest cycle high in US CPI

Big dollar breaks down after latest cycle high in US CPI

Podcast 20 minutes to read
Saxo Market Call

Summary:  Today, we look at the market shrugging off the latest multi-decade high in US CPI as US treasury yields actually dipped on the day and the US dollar broke down broadly as the drumbeat of hawkish Fed appearances and data have failed to sustain new momentum in policy tightening expectations or long US treasury yields. Elsewhere, we look at a new pop in metal prices, particularly copper, discuss key equity stories, including chip giant TSMC and more. Today's pod features Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.

Listen to today’s podcast and have a look at today’s slide deck.

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