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Fed's Bostic crossing the wires

Fed's Bostic has been crossing the wires in the US session, supporting the recent bullish outlook for the US economy and the Fed's hawkish rhetoric of late.

  • Fed's Bostic: Things are continuing to look pp, citing the GDP Tracker.
  • Fed's Bostic: The Fed carefully calibrating return to a more normal policy.

 

NZD/USD surged on broad USD weakness and hopes for upbeat NZ retail sales

  NZD/USD is now trading around 0.7350, in New York session, surged by almost 0.46% on broader weakness in US dollar coupled with hopes of an upbeat
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Oil soared on a surprise US inventory drawdown

Crude oil/WTI is now trading around 62.90, in New York session, soaring by 2% on surprised crude inventory drawdown and a supportive EIA report couple
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