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