The US dollar has headed a little higher against most major FX and notable so against NZD and yen. The New Zealand dollar has been nudged lower by receding inflation expectations shown in the latest Reserve Bank of New Zealand survey:New Zealand inflation expectations Q1 2024: 2 year at 2.5% (2.76% prior)USD/JPY is inching towards 149.50. Earlier in the session we had a lower than expected reading for January PPI, which seems to have a minor impact to lower yen:Japan PPI January 0.0% m/m (expected +0.1%)The US dollar has attracted a few bids, helped along by Houthi terrorists scoring a hit on a ship in the Red Sea, although the damage reports are minor only (awaiting further confirmation on
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