Peter Dragicevich, at Corpay, joined ausbiz today and discussed the continued upswing in bond yields, how markets are coming around to the view that interest rates will need to keep moving up and stay high for some time to bring down inflation
news.com.au: Why now is a good time for Aussies to invest
While rising interest rates have left Aussies worried, there’s never been a better time to start investing according to Peter Dragicevich, Currency Strategist, APAC, at Corpay Cross-Border Solutions.
CANADA FX DEBT-C$ hits 7-week low as global financial conditions tighten
“The primary force is the rise in U.S. rates that is effectively tightening global financial conditions,” said Karl Schamotta, chief market strategist at Corpay.
ausbiz: Shifting rate differentials weigh on Australian dollar
Peter Dragicevich, APAC Currency Strategist at Corpay, joined ausbiz today and observes a more cautious vibe across risk markets, with the US data and comments from US Fed officials reinforcing the higher-for-longer interest rate theme.
Dollar hits six-week high vs yen, rallies from two-week low after U.S. inflation data
"Core prices continue to rise at an uncomfortable pace, making (Fed Chair) Jerome Powell's 'higher for longer' message seem more persuasive," Schamotta said.
