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RBNZ hawkish hold to support currency – BBH
Brown Brothers Harriman’s (BBH) Global Head of Markets Strategy Elias Haddad expects the RBNZ to keep the Official Cash Rate at 2.25% while updating its projections. With inflation…
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EUR/JPY weakens as BoJ rate hike speculation boosts Japanese Yen
EUR/JPY trades around 181.23 on Tuesday at the time of writing, down 0.40% on the day, after posting two consecutive days of gains. The cross comes under pressure as the Japanese…
EUR/USD languishes below 1.1850 following weak Eurozone sentiment data
The Euro (EUR) remains offered against the US Dollar (USD) for the second consecutive day on Tuesday. The pair’s recovery attempt from fresh one-week lows at 1.1828 remains capped…
Stronger reserve role supports upside – Commerzbank
Commerzbank’s Thu Lan Nguyen discusses political concerns about Euro strength if it increasingly replaces Dollar as global reserve currency. She notes the Eurozone’s current…
US Dollar Index holds gains above 97.00 as traders eye FOMC Minutes
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, remains stronger for the second consecutive day, trading around 97.20…
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When is the Germany ZEW Survey and how it could affect EUR/USD?
German ZEW Survey OverviewThe Zentrum für Europäische Wirtschaftsforschung (ZEW) will release its German Economic Sentiment Index and the Current Situation Index for February at…
Data-dependent BOE easing risks – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad highlights that the Pound underperformed after weak UK Q4 GDP reinforced expectations for further Bank of England rate cuts. Markets…