US Dollar, Treasury Yields, Fed, Gold, Crude Oil, NZD, JPY – Talking Points
- The US Dollar found support after Fed speakers re-affirmed a hawkish stance
- Treasury and real yields are higher after the commentary and gold is lower
- Nancy Pelosi’s visit to Taiwan has had little impact. Will China action hit USD ?
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The US is slightly lower in Asia after a strong rally into the New York close overnight. Federal Reserve presidents from four districts hit the wires and presented a unified front to talk down any inkling that they were not committed to reining in inflation.
The Fed hawks were Cleveland’s Loretta Mester, Chicago’s Charles Evans, San Francisco’s Mary Daly and renowned rate hike cheerleader, St. Louis’ James Bullard. They…