FREE RAPID SIGNAL SELL NOW EUR/NZD The euro has seen a | Focal Community Group (FXSignals)

FREE RAPID SIGNAL
SELL NOW EUR/NZD

The euro has seen a weak performance recently and was further weakened today by statements from ECB President Christine Lagarde. Lagarde admitted that the ECB is quite surprised about the prolonged high inflation. In the medium term, however, Lagarde continues to see inflation below 2%, although this decline could well take longer than originally assumed. She also makes it clear once again that she does not believe the conditions are in place for an interest rate hike in 2022, again positioning the ECB much more dovishly than most central banks (with the exception of the Bank of Japan, though inflation in Japan is lower than in other regions). The kiwi is benefiting from positive Chinese economic data and recent strong New Zealand data, such as employment data showing that the unemployment rate fell to a 14-year low, which continues to support further monetary tightening by the RBNZ.

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