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MNI US OPEN - Yen Rallies on Confluence of Bullish Factors

EXECUTIVE SUMMARY

  • US FLOATS TOUGHER TRADE CURBS IN CHIP CRACKDOWN ON CHINA
  • KANDA SAYS OFFICIALS NEED TO RESPOND IF SPECULATORS CAUSE EXCESSIVE FX MOVES
  • UK HEADLINE INFLATION AT 2%, BUT SERVICES STICKY
  • NEW ZEALAND CPI LOWER THAN EXPECTED BUT NON-TRADEABLES STUBBORNLY HIGH

MNI (LONDON) - Figure 1: Annual UK CPIH and CPI inflation rates unchanged from May 2024

Source: ONS

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EXECUTIVE SUMMARY

  • US FLOATS TOUGHER TRADE CURBS IN CHIP CRACKDOWN ON CHINA
  • KANDA SAYS OFFICIALS NEED TO RESPOND IF SPECULATORS CAUSE EXCESSIVE FX MOVES
  • UK HEADLINE INFLATION AT 2%, BUT SERVICES STICKY
  • NEW ZEALAND CPI LOWER THAN EXPECTED BUT NON-TRADEABLES STUBBORNLY HIGH

MNI (LONDON) - Figure 1: Annual UK CPIH and CPI inflation rates unchanged from May 2024

Source: ONS

Keep reading...Show less