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USDCAD TECHS

Stronger In a Range

AUDUSD TECHS

Weaker In A Range

US TSYS SUMMARY

Ending The Week On A Soft Note

EURJPY TECHS

Bearish Risk Growing

USDJPY TECHS

Stronger, But Still Vulnerable

US

SP500 PE Ratio vs. CPI Inflation

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11/06/21 - 1130BST/1230CEST/0630ET


Despite the Bloomberg consensus for a +25bp hike at this week's meeting, we see the CBR continuing To deliver above expectations in June at +50bp, owing to sustained upside momentum in demand-side factors driving headline CPI above 6%. Robust high frequency data in 1Q21 continue to amplify overshooting pressures, forcing the CBR to act decisively to reassert a more dominant disinflationary trajectory.


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CBR Preview 11.06.21.pdf