Kiwi maintains advances, risk appetite remains lukewarm For the most part, it was a quiet session with eurozone services. PMI numbers are primarily reaffirming the region's more robust recovery in the heart of summer, while rising cost inflation may still…
Continue ReadingThe New Zealand dollar rises on the back of a strong employment report. The New Zealand dollar gained ground throughout the session, owing to a significant decline in the unemployment rate revealed in the most recent employment data (see bullets…
Continue ReadingThe coronavirus (COVID-19) pandemic has resulted in a massive stock of household savings throughout sophisticated nations, far above what has been seen previously. The funds collected since early 2020 have the ability to affect the post-pandemic recovery due to their…
Continue ReadingEuropean FX news roundup: The RBA's August policy decision was featured towards the tail end of Asia Pacific trade, and the central bank shocked by sticking to its tapering plan despite concerns over the spread of the virus…
Continue ReadingCurrencies are quiet, but risk appetite is high. It was a calm session as a typical summer's day cast its shadow over European morning trade, with major currencies showing minimal movement to kick off the month of…
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