NZD – The New Zealand dollar slipped on Thursday after data showed inflation was not quite as hot as feared in the first quarter, leading investors to slightly widen the odds on another half point interest rate hike by the RBNZ.
EUR – The euro rose to a more than one-week high on Thursday after a spate of hawkish comments from ECB officials raised bets that interest rates will rise soon.
Indeed, Reuters notes that “money markets, which had eased rate hike bets following last Thursday’s ECB meeting, were now pricing in a 20 basis point (bps) rise by July and over 70 bps of tightening by year-end.”
EUR – The euro rose to a more than one-week high on Thursday after a spate of hawkish comments from ECB officials raised bets that interest rates will rise soon.
Indeed, Reuters notes that “money markets, which had eased rate hike bets following last Thursday’s ECB meeting, were now pricing in a 20 basis point (bps) rise by July and over 70 bps of tightening by year-end.”