![](https://www.interest.co.nz/sites/default/files/2023-08/nyse-trading-floor.jpg)
Chaotic trading in NZ money markets in the aftermath of dovish RBNZ pivot
Another benign US CPI print drove a sharp rally in US Treasury yields, with rates down 9-12bps. USD weakness after the report wasn’t fully sustained and most net currency movements have been modest, an exception being a plunge in USD/JPY with official …