Wednesday: Powell cites inflation progress, but wants more

US markets stick with September rate cut bets after the Fed Chair delivers ‘something for everyone’ in Senate appearance; Australian consumers are more gloomy after headlines the RBA could hike, and New Zealand’s Reserve Bank is expected to hold rates later today.

In our bonus deep dive interview, ANZ Head of FX Research Mahjabeen Zaman analyses where both the Aussie and Kiwi dollars are headed this year - and which looks set to come out on top.

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