fxstreet.com 03 Feb, 2021 05:15 am

Macro Research: Post-COVID consumption

Macro Research: Post-COVID consumption
The Big Picture Big consumption comeback after reopening in New Zealand never materialised. The good news - based on New Zealand's experience ...

p US Dollar Index: Tuesday’s doji probes DXY bulls near two-month top US dollar index (DXY) picks up bids around 91.Even so, the greenback gauge stays near the two-month top flashed the previous day.2% Fib ahead of Eurozone CPI EUR/USD's daily chart indicates scope for deeper losses.A better-than-expected Eurozone CPI is needed to save the day for the bulls.

p p Big consumption comeback after reopening in New Zealand never materialised.The good news - based on New Zealand's experience - for European business is that consumers quickly revert to normal patterns of consumption.

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