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Stocks volatile after PPI cools and Russian missiles crossed into Poland, BlockFi the next crypto domino to fall - MarketPulse
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Stocks rebound, No big surprises from PPI, crypto outlook - MarketPulse
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NZD drifting ahead of Business Confidence
Posted 10 hours agoSharePrint
The New Zealand dollar continues to drift on Monday, after a quiet week. Currently, NZD/USD is trading at 0.7030, unchanged on the day.
Investors eye New Zealand Business Confidence
The well-respected NZIER Business Confidence, released each quarter, will be released later on Monday (tentative). The indicator declined by -70% in Q1 of 2020, at the height of the Covid-pandemic which shut down much of the New Zealand economy. Since then, Business Confidence has improved, reaching -6% in Q4. A reading in positive territory in Q1 could raise risk sentiment and boost the currency.
Euro pauses after solid week
Posted 11 hours agoSharePrint
The euro has posted slight gains in the Monday session. Currently, EUR/USD is trading at 1.1914, up 0.13% on the day. The euro has been on a steady decline since mid-February, but reversed directions and gained 1.19% last week, its best weekly performance since mid-December. If the upward trend continues, the euro could pressure the symbolic 1.20 line as early as this week.
The eurozone has experienced another wave of Covid cases, leading to tighter lockdowns in Germany and France, the bloc’s two biggest economies. Still, there was positive news on Monday, as eurozone retail sales posted a solid gain of 3.0%, rebounding from a decline of -5.2% and easily exceeding the consensus of 1.0%. The data has given a slight lift to the euro.