Ahead of US June CPI data tonight, market bets are firm for a September cut by the Fed; The New Zealand dollar tumbles as markets see the Reserve Bank pivot towards a first cut, and there are official rates decisions today in Korea and Malaysia.

In our bonus deep dive interview, ANZ New Zealand Chief Economist Sharon Zollner discusses the importance of next week’s Kiwi CPI after a dovish turn by the RBNZ yesterday.

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