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The central bank meeting which will be more interesting than the Federal Reserve

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8 March 2022

Written by
madelineloughma

The Australian and New Zealand dollars were edging higher again on Tuesday as wild swings in oil prices made for erratic markets and analysts revised up expectations for rate hikes at home.

The local unit is higher in early trade, sitting at $0.7340 but climbing as high as $0.7440 at one point overnight. While the Antipodeans were still drawing support from sky-high commodity prices, these also act as a tax on consumers and a brake on world growth that might not be positive for risk-sensitive currencies in the longer run. James Swerling from Ebury runs us through his own thoughts on all that price action. The currencies may also be supported by some key rate change calls (in Australia, the NAB and in NZ, the ANZ). Finally, we chat about the European Central Bank – a meeting which James says will be more exciting than the Fed! What?

Watch full interview here

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