Fundamental OverviewThe USD rallied across the board last Friday following the hot US NFP report. The market priced out all the aggressive rate cuts expectations and it’s now finally in line with the Fed’s projections.This week, the greenback extended the gains as the market started to price in some chances of a pause in November. The focus remains on the economic data. Today we get the US CPI report. We will likely need a hot report to see some more downside in the pair, while a miss could see the pair rising on the market paring back the hawkish expectations. On the NZD side, the RBNZ this week cut interest rates by 50 bps as expected. The market is pricing an 83% probability of another ba
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