Week Ahead – European PMIs could spell more bad news for euro
Posted on November 19, 2021 at 10:23 am GMTThe euro has been demolished by fears that new lockdowns will hit economic growth. This has turbocharged the dollar as traders look for shelter, and the upcoming business surveys will be crucial for whether this rotation continues. Meanwhile, markets are split on whether the Reserve Bank of New Zealand will deliver a single or double rate increase, leaving the kiwi vulnerable in case the central bank ‘plays it safe’. Euro gets hammered The single currency has been taken to the [..]