'We don't need to be nervous about double digit inflation'

The US is looking at the highest levels of inflation since the 1980s, rekindling global inflation fears. New Zealander Jeffrey Halley, who is OANDA's Senior Market Analyst for Asia Pacific, says that while he is not dismissing the inflation threat -- and that inflation nerves are not going to go away -- there is not enough data at the moment to suggest it's panic stations time.