EUR/USD holds steady, unfazed by weak Eurozone factory data
The Euro (EUR) remains practically flat against the US Dollar (USD) on Monday, trading near 1.1865 at the time of writing. Eurozone factory output data confirmed expectations of a significant decline in December, but the subdued trading activity is keeping the pair broadly unchanged. Industrial Production contracted 1.4% in the Eurozone in December, according to […]
RBNZ guidance to support richer NZD – BNY
BNY’s EMEA Macro Strategist Geoff Yu expects the Reserve Bank of New Zealand to hold rates at 2.25% (February 18) but acknowledges markets are increasingly pricing in tightening as inflation stays stubborn. The bank argues that confirming a shift in direction could help NZD valuations, especially as the currency is relatively underheld. RBNZ can use […]
