First Light News: Trump's Speech and a Rebound in Risk

Overnight, we also had the January Australian CPI inflation report, which will not be a pleasant read for policymakers at the RBA. Despite the AUD standing as one of the most overstretched currencies to the upside right now, the report triggered a strong move higher versus G10 peers this morning.Headline YY CPI data rose by 3.8%, matching December’s reading and above the 3.7% median estimate, while MM data increased by 0.4%, below the 1.0% in the prior print but above consensus. The RBA’s preferred measure ...