Monday 19th June 2023

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With the US on holiday, very little new data and not much out on Friday, today should be a very quiet day. But, as NAB’s Ray Attrill suggests, that doesn’t mean there won ‘t be fireworks later. Jerome Powell fronts up to two days of testimony, and the Bank of England will lift rates shortly after receiving the latest CPI print. Given a weakening US dollar could we see further strength in the Aussie, plus a brief discussion about an AFR article this morning suggesting the RBA might be preparing for QT.

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